Yuga Labs Clears the Murky Waters of its NFT Copyright

Share This Post

Yuga Labs is home to some of the most beloved NFT projects on the market and as such, it comes as no surprise that there is curiosity around its IP rights. With many NFT holders commercializing their assets, as well as the ongoing lawsuit with Ryder Ripps, this has been a recurring debate.

To clear the air, Yuga Labs has called upon IP lawyer Jeremy Goldman to shed light on the inner workings of its copyright licensing and commercial rights, putting all rumors to rest.

Rights of Yuga Labs Customers

In a blog post on the Yuga Labs website, Goldman explained that the company maintains the copyright to all its NFTs, and this is not dependent on the brand taking any specific action such as filing for copyright. This is because copyright is dependent on the creative input into the works which Yuga Labs has done for its NFTs.

“In short, Yuga, like all creators, owns the copyright in their artwork regardless of whether they went through the administrative slog of registration,” Goldman says.

What about the Bored Ape owners who are starting businesses using their assets? Goldman explains that when they buy most Yuga Labs-owned assets, they receive legal ownership of the asset and the right to exploit its commercial license but not the copyright as this remains with the company.

Source NFT Plazas


Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Invincible Takes its Mighty Heroes to The Sandbox

In 2021, TV show fans were introduced to the...
- Advertisement -spot_img