Skip to main content

The CC0 Party Is Growing: a16z’s “Can’t Be Evil” License Drops

  

The CC0 Party Is Growing: a16z’s “Can’t Be Evil” License Drops

The Alpha:

  • The crypto arm of venture capital firm a16z has released a set of public NFT licenses that can be used by anyone.
  • Creators can use the licenses to protect or free their intellectual property rights.
  • In addition, the "Can't Be Evil" licenses aim to help NFT holders understand what they can and cannot do with these NFTs.


 Why it matters:

A number of high-profile NFT projects have gone CC0 in recent months. On Twitter, the movement was dubbed "CC0 summer" due to Moonbirds' shift to the new licensing agreement. Why? Based on proof Founder Kevin Rose's announcement, the hope is that opening up Moonbirds' IP rights will "enable anyone to remix work creatively for commercial purposes."[CC0] is a promise by the creator of a work that the work itself can become a credibly neutral platform — without restraint or the fear of restriction or creative limitations.”

What does a16z's gesture have to do with this? A substantial portion of Proof's $50 million raise came from the venture capital firm. The investment shows a16z's alignment with Proof's goal of using CC0 to empower creators and collectors. The question is, how?

What’s next:

In the future, NFT creators and collectors alike may be able to skip the legal literacy needed to plan what they hope to do with their newly created - or acquired - NFTs thanks to a16z's "Can't Be Evil" licenses. According to a16z's blog post, U.S. copyright laws can be prohibitively restrictive. No copyrights are automatically granted when you purchase a piece of art, regardless of whether it is physical or digital. A new owner of a piece of art might not be able to display their shiny new artwork without proper rights being conferred to them. It is possible that the "Can't Be Evil" licenses, implemented on the blockchain and accessible through GitHub smart contracts, could change all of that.

Smart contracts embed these rights into NFTs, preventing license changes after the fact. Thieves won't automatically gain access to NFTs if smart contracts incorporate "Can't Be Evil" licenses. By ensuring that the licensed rights do not pass to anyone who unlawfully acquires NFTs, the licenses aim to minimize the burden of theft on NFT holders.

Does this mean that new NFT creators should integrate the new licenses into their upcoming projects? No, not exactly. A16z hopes this move will encourage users to take a closer look at the legal aspects of NFT. They hope that these licenses will foster a trustless NFT licensing ecosystem and encourage greater standardization as the industry grows. They may be right, so let's hope so.

Labels:

Comments

Post a Comment

Popular posts from this blog

NFTrees Could Help Africa Combat Land Degradation

When most people hear "NFT," they probably do not think of "sustainability." They might think exactly the opposite, that NFTs increase global warming and speed up the effects of climate change. But these worries are exaggerated mainly. Yes, NFT technologies do consume some energy. However, it's not near the amounts cited in widely-quoted studies frequently used by those who oppose it. NFTs have led to fascinating initiatives that may help tackle the climate crisis. More News Visit: The NFT News Then there's the Kaleidoscope . Metaverse has recently revealed it will join William Kwende's board of directors as the company's Strategic Sustainability Advisor and launch an initiative called the Great NFTrees. A story of two trees projects The Great NFTrees project will allow customers to purchase NFTs for trees linked to geo-tagged areas of trees that have been planted on the African continent's Great Green Wall .  If you're not familiar with i...
Post a Comment
Read more

What Are NFT Wallets, and Why Do You Need One

Before you can purchase NFTs or crypto currency You'll require a place to keep the digital assets you purchase -that's i.e the crypto wallet.   It is tangible device (or computer) that permits you to manage and store digital assets.   When you set up an account in a crypto wallet, it creates a set of words, referred to as"seed phrase" or "seed phrase" or "recovery phrase." The wallet makes use of the seed to generate personal keys. These are in essence passwords that permit you to gain access to and control your investments. Do not  give your seed words or private keys with anyone else, or they'll have the ability to gain access to your online assets.   Crypto wallets are like an account manager for passwords on those assets.   Your seed phrase acts as the master password of your wallet.   If you decide to delete your crypto currency wallet , you are able to make it new and gain access to everything within it using the seed word.   However, ...
Post a Comment
Read more

5 NFT Projects on Tezos You Need To Know About

Do you want to explore NFT further? Are you interested in diving deeper into NFT? Blockchain was founded by Arthur Breitman (Kathleen) in 2017. It is unique for several reasons. It can evolve and self-amend. This allows programs hosted on the Blockchain to scale up rapidly and reliably. Tezos is also well known in NFT circles due to its proof-of-stake consensus method. This method of verifying blockchains' transactions is less resource-intensive than the Proof-of-Work Ethereum model. Thanks to this, Tezos has been touted as the environmentally-friendly Blockchain -- using up to two million times less energy than Ethereum. More NFT News: Latest NFT News Hic et Nunc was one of the first marketplaces created on the Tezos Blockchain. It was considered an economical alternative to Ethereum-centric markets at the time. Without explanation, the platform was abruptly shut down on November 14, 2020. Tezos offers a number of marketplaces for NFTs. These include Objkt, the largest and most po...
Post a Comment
Read more