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

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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

 

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