Andreessen Horowitz Launches ‘Can’t Be Evil’ License To Help Plug NFT Copyright Confusion

Andreessen Horowitz Launches

The newly launched “Can Be Evil” license from venture capital giant Andreessen Horowitz (a16z) aims to help non-fungible token (NFT) creators and collectors who ultimately omit the legal literacy required to plan which They hope to make do with their newly created or acquired one. NFT. Inspired by licenses offered by Creative Commons, a16z’s new licensing terms are available for any project creators to use freely and in an array of different ways for NFT projects, with limited personal use From terms to comprehensive licenses that let anyone use the artwork. for any purpose.

The aim is not only to make the copyright license of the NFT project more clear but also to address potential copyright vulnerabilities that could potentially lead to legal consequences.

“While many NFT holders currently have to rely on creators and previous owners to make a ‘do not evil’ decision regarding their NFTs, projects using the ‘Cannot Be Evil’ license will make the NFT ecosystem more trustworthy. provide holders with a minimum baseline of standard. Real-world rights, thereby harmonizing real-world ownership with on-chain ownership,” said the company’s general counsel, Miles Jennings and Chris Dixon, founders. written in one blog post,

“By making license inclusion easy (and free), we hope to democratize access to high quality licenses and encourage standardization across the Web3 industry,” the authors wrote. “Greater adoption can have incredible benefits for creators, owners, and the NFT ecosystem as a whole.”

While the idea of ​​a giant VC firm guiding the NFT licensing terms may not sit well with everyone in the room, it is worth noting that Andreessen Horowitz has tapped a pseudonymous crypto influencer. ‘Punk6529’ Known for insightful Twitter threads helping shape its valuable collections and licenses. It has worked with law firms Latham & Watkins LLP and DLA Piper as well as unspecified portfolio companies.

Copyright has been the subject of much discussion within the NFT sector over the past few years, some of which have resulted in lengthy, costly lawsuits. NFT project founders such as Yuga Labs and Laravel Labs have been seen issuing cease-and-desist letters for derivative projects that are identical to their IP, with Yuga suing conceptual artist Ryder Ripps in June for founding a project Which is a similar project. Bored Ape Yacht Club.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.


Please enter your comment!
Please enter your name here