Cameron Pick on Warpcast

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Kaloh pfp

Wasn’t expecting this Yuga adquieres Proof Read below 👇 https://news.yuga.com/yuga-labs-acquires-proof

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Samuel ツ pfp

@samuellhuber.eth

Okay so exit strategy for every NFT project is now get bought by Yuga 👀 And Yuga has all the IP and somehow needs to make money with it 👀 Fun times ahead

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Gabriel 🎩 pfp

Does that mean they will reverse the cc0 decision? 🤔

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Samuel ツ pfp

@samuellhuber.eth

I don’t know (not an IP lawyer) maybe @codeofcrypto knows if CC0 is reversible but I dought it is

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codeofcrypto pfp

@dberg and @campick are both into IP — so they would have better perspectives on this topic. Could also be a good prompt for /law-policy to see who else might have insights on whether CC0 is reversible.

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Cameron Pick pfp

Who is revoking their Creative Commons license? Yuga? Unlike patents, copyrights, and trademarks which are rights against all parties, a CC0 is governed by contract law which is limited to the two parties in a contract.

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Cameron Pick pfp

So even if it’s irrevocable once a party starts using their IP, they can revoke it at any time against parties who haven’t started to use their characters or code and thus haven’t entered into a contractual relationship with them.

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Cameron Pick pfp

But I’m not sure that’s what’s happening here. My guess is Yuga labs will maintain their CC0 but they can still monetize their IP without preventing others from using it and trying to monetize it in their ways.

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Cameron Pick pfp

Also just because Bored Apes are under a CC0 license, doesn’t mean all assets they acquire are. For example, I don’t think Cryptopunks have a CC0 which Yuga acquired earlier. So they could enforce IP rights on IP they acquire that isn’t under this license.

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Kaloh pfp

Bore apes are under CC0? I didn’t know that

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