the latest news in NFTs + crypto art + web3
Things in the NFT world are happening fast and furious. The CryptoPunks NFTs, produced by Larva Labs, are the highest grossing collection to date, and probably the most famous. But, in the past few days, debate over the terms and lack of clarity in the copyright licenses that owners of CryptoPunks NFTs received–or did not…
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The Artchitech just apparently made over $1 million in profits in selling Bored Ape #9449 on OpenSea. Bored #9449 is rare in its blue beam eyes (only 0.49% have this trait), black T (3%), and white fur (4%). Bored Ape #9449 sold for: Ξ285.00 ($1,180,470.00). The last purchase was for: Ξ2.00, just 6 months and…
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We’ve been analyzing the blanket commercial licenses–a form of decentralized collaboration–that Yuga Labs has granted with every purchase of a Bored Ape Yacht Club NFT. It’s the “secret sauce” behind Yuga Labs’ meteoric success. A buyer of a Bored Ape NFT gets the right to commercially use the Bored Ape, plus make derivative works from…
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Why is Bored Ape Yacht Club the hottest NFT collection around? In this video, I explain the secret sauce to the Bored Ape collection’s success: its use a decentralized collaboration or De-Collab. I explain my theory in a research paper, “The Bored Ape Business Model: Decentralized Collaboration via Blockchain and NFTs.” Download it on SSRN.…
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If you’ve heard me give talks about NFTs and the accompanying licenses that come with the sale, you know that it’s common for NFT licenses to prohibit the buyer from making commercial uses of the associated content or artwork. It’s typical to limit the buyer of an NFT to noncommercial uses of the work. For…
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