Miles Jennings, general counsel at a16z crypto, talks about its new “can’t be evil” NFT licenses and how they help to solve many problems within the NFT industry.
Show highlights:
- what “can’t be evil” NFT licenses are and what problems they solve
- what can these licenses achieve for content creators
- which are the five rights that the licenses address
- whether the NFT licenses help resolve hate speech issues for creators
- why a16z described its licenses as “can’t be evil”
- how these licenses will be enforced
- how anyone buying NFTs should now be able to understand what they are buying
- why previous attempts to create standardized NFT license didn’t succeed
- why Miles thinks these new NFT licenses are going to succeed
Thank you to our sponsors!
1inch: https://1inch.io/ Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Messari: https://mainnet.events/
Guest
Miles
Twitter: https://twitter.com/milesjennings
“Can’t be evil” NFT licenses:
- a16z article: https://a16zcrypto.com/introducing-nft-licenses/
- Miles’ thread: https://twitter.com/milesjennings/status/1564991860824674305?s=20&t=pJEE9HfA9DnC_9PlsGelEw
- Wiki article: https://www.nftstandards.wtf/NFT/NFT+License
Previous coverage on Unchained:
- What legal rights NFTs come with: https://unchainedpodcast.com/what-exactly-do-you-get-when-you-buy-an-nft-three-lawyers-discuss/
- Understanding intellectual property rights with NFTs: https://unchainedpodcast.com/excited-about-your-bored-ape-or-crypto-punk-make-sure-you-understand-your-ip-rights/
- Punk 6529 on how rights helped Bored Apes succeed: https://unchainedpodcast.com/punk6529-on-the-significance-of-bored-ape-yacht-club-and-cryptopunks/
IP issues around prominent NFT collections:
- Galaxy Digital report on NFT owners being misled about rights: https://decrypt.co/107827/bored-apes-moonbirds-misled-buyers-nft-ip-rights-galaxy-digita
- CryptoPunks gets IP rights: https://decrypt.co/107184/as-cryptopunks-nft-owners-get-commercial-rights-yuga-hopes-to-secure-their-legacy-as-artwork
- Bored Apes’ more permissive license helps it become more valuable than Crypto Punks: https://www.thedefiant.io/bored-apes-yacht-club-cryptopunks-copyright-fight
- Moonbirds controversy ignites after move to CC0 license: https://www.thedefiant.io/moonbirds-cc0-license-nfts
