proof.xyz

Wasn’t expecting this 

Yuga adquieres Proof 

Read below 👇

Wasn’t expecting this 

Yuga adquieres Proof 

Read below 👇 
https://news.yuga.com/yuga-labs-acquires-proof

Crypto culture and markets | Newsletter & podcast: https://www.kaloh.xyz | Working on @indexy

indexy

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

Farcaster Development Boutique @ dTech.vision 💜 prev pentester & CS at @ ETH Zurich | In love with tech 🤓 decentralization, fitness and oldschool rap 😎

Does that mean they will reverse the cc0 decision? 🤔

Crypto Attorney, Web2 Founder, Farcaster Maxi. Moderator for /law-policy

Hi-tech onchain fashion lab building an in-frame factory at /nerd-couture

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

Law & Policy

@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.

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.

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.

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.

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.