When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Zeneca, what exactly is cc0? If you’ve been following my tweets (and my wallet’s purchases) over the past few months, you’ll know that I’ve said “cc0 season is coming” long ago. Then a few weeks later I launched this poll:

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

From the polls, there are actually a lot of people who don’t know what cc0 is, what it means, why it might be important, or why it’s been talked about more and more recently.

Below, let’s analyze it.

what is cc0

cc0 stands for “Creative Commons”. In layman’s terms, it basically means that the creator of the artwork/content does not retain any intellectual property (IP). This happens by default after a certain amount of time, but it can also happen if the creator decides to give up their intellectual property right away. You’ve probably heard that something is in the “public domain”, meaning that anyone is free to use that intellectual property to create content. And cc0 is just another way of saying it.

For example, all of Shakespeare’s original works are in the cc0/public domain. So does the character Sherlock Holmes, or a Vincent Van Gogh painting. That means I can go to this site‌ and download the image below, print it, frame it, and sell it, all within my rights. I don’t even need to name the original author if I don’t want to. This freedom to commercialize content is permitted by law, as the work falls under cc0.

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Vincent van Gogh “Wheatfield with Cypresses”

Some examples that are very non-cc0 compliant are: Elsa in Frozen, the song “Lose Yourself” by Eminem, or my BAYC. There are a whole bunch of different types of IP licenses, and it’s beyond the scope of this article to delve into all of them (besides, I’m far from an expert on this), but they all have additional restrictions and constraints on what’s allowed and what’s cc0. For example, you may be permitted to use the content for non-commercial purposes. When you do, you may or may not credit the original author. You may be able to commercialize content, but only up to a certain amount each year, or as long as you don’t make money by creating content that depicts illegal material. The sky is the limit when it comes to what IP licenses can do.

But what does this have to do with NFTs?

For most people, intellectual property is not something we think of when we buy NFTs. We think we’re having fun, buying a jpeg, joining a community, etc. Maybe we thought we got full ownership of what we bought, including IP rights and all. But in reality, it’s a more complex and nuanced situation, and every project is different. A few weeks ago, Yuga Labs (the entity behind BAYC) acquired CryptoPunks and Meebits from Larva Labs, and IP has become a growing talking point in this space, reaching new heights.

The first thing they did after the acquisition was to announce their intention to grant all holders of CryptoPunks and Meebit full commercial rights. As of now, anyone owning a Punk or Meebit NFT has only limited commercial rights. There is a limit to how much you can create derivatives, and there is a limit to how much you can earn from that IP per year ($100,000/year). That might seem like a lot, but if you’re trying to create a brand with your punk, or license it to a movie studio, and then create a hit animated show, there are obvious limitations.

Furthermore, its principles seem to be antithetical to NFTs in the first place. Isn’t it about true ownership? How many NFTs can you really own if you’re still tied to a centralized entity?

This is where the problem lies.

The rights given to owners of Punk/Meebit NFTs changed when Larva Labs sold the IP to Yuga Labs. In this example, the rights are increased, which seems to be a good thing for the holder. However, we have to take into account the precedent and future possibilities, and it is these ideas (correctly, I think) that scares some people. What if Yuga was acquired by Disney one day? Then what if Disney said “Hey, we don’t want to give everyone full commercial rights anymore, we’re going to give limited commercial rights”?

The community will (probably) cause uproar and outrage, but what if by then, there are millions of NFTs in the Yuga ecosystem and only 50,000 OGs really care? Maybe even most OGs wouldn’t care if we got some good salaries out of it. Suddenly, we’re back in the world of web2.

First, they came to the socialists, and I didn’t say it — because I’m not a socialist.
Then they came to the union members, and I didn’t say it — because I’m not a union member.
Then they came to the Jews, and I didn’t say it — because I’m not a Jew.
Then they came to me – no one spoke for me anymore.
—Martin Niemöller

The above is a bit of an exaggeration, but I really think the whole discussion is very important and everyone should at least be better educated about what’s going on.

I really don’t think Yuga is going to be sold to Disney, or to anyone who wants to limit the rights of the holder. I really believe what they’re trying to build is pretty much an online version of Disney. a global brand. Created by the people, for the people. They have a vision and have executed (almost) everything at the S-Class level by now. They did a great job with us. However, we are still at the mercy of them; and now, they are at least partly at the mercy of their investors.

The road to hell is paved with good intentions.

Another exaggeration, but worth thinking about.

There’s a whole host of questions to consider about what it actually means to give full commercial rights to NFT owners. What happens if someone sells their tokens on the secondary market, does the rights transfer? What if someone created a derivative using their rights and then sold the original NFT? In short: it can get messy. For that, I recommend reading this excellent article by CryptoConsigliere, the mastermind behind this innovative approach taken by the Wassies project.

bring the problem back to cc0

We are seeing more and more creators deciding to release the intellectual property behind their NFT projects into the public domain from the start. You might ask why, and if this is a good thing for founders and token owners. And the answer, like all good answers in life, is “it depends.”

There are pros and cons to making something cc0. The biggest advantage in my opinion is that if I own a cc0 NFT, I own everything. It’s not that I own the IP, on the contrary, no one owns the IP. Not me, not the founder of the project, not the artist. It cannot be bought or sold by me or anyone else. All that’s left is the original token/asset.

But where is the value? Isn’t intellectual property the value? Well, yes and no. Needless to say, IP has great value. Disney makes a lot of money selling toys and games based on its characters. If it’s cc0, they can still do that, but they can’t stop other people from selling toys using these characters, which could hurt their bottom line. It doesn’t make much sense for Disney to make their content cc0 because there are a lot of people willing to pay them to license their IP.

We are in the early stages of brand building in the web3/NFT space. One of the benefits of cc0 is that it gives creative and commercial freedom to anyone who wants to use this content to build a brand. This in itself is a double-edged sword – it can be used by creators to build something cool and valuable; of course, it can also be used by bad guys to destroy a brand’s image. (Because) it’s basically a free one.

But that’s what Web3 is all about, isn’t it? A web that everyone can use freely? A decentralized, trustless network? We really shouldn’t let these huge centralized entities have so much power and so much ownership over our IP. They may end up buying and selling our IP the same way the web2 giants buy and sell our data.

cc0 “solves” the problem. There is no longer any IP for them to buy and sell. Only our tokens, and we have real ownership of those tokens.

As for the value – I’ll cite this excellent article by Blitmap (which I highly recommend reading) when they decided to put their original collection into the public domain with cc0:

We also considered a list of works of fiction that have entered the public domain:
1. King Arthur
2. Shakespeare
3. Dracula
4. The Wizard of Oz
5. Jane Eyre
6. Little Women
7. Moby Dick
8. Peter Pan
These examples are One of the interesting things about them is that many of the derivative works they are responsible for are not in the public domain. In other words, just because the King Arthur foundation and universe is in the public domain, doesn’t mean that adaptations like The Green Knight or The Sword in the Stone are also in the public domain. Still, these adaptations contribute to the overall meaning of the original. Imagine a world where the Arthurian myth started on the blockchain, the components of which are represented as tokens. Of course, there is value in proving yourself as the creator or owner of the Excalibur.

Rebuttal to cc0

I have no objection to NFT projects retaining intellectual property and granting full commercial rights to holders. I think there are very legitimate reasons for this approach. It incentivizes teams and NFT holders to build brands as they increase the value of the intellectual property they own, not just the base/original token. It allows token holders to license parts of their NFTs to third parties who want to use their IP to create things, and share in the profits. A good example of this is what Jenkins the Valet is doing (see my conversation with him on YouTube‌ for more on this).

This also helps teams and NFT owners protect their brands and intellectual property. This should not be underestimated. If someone launches a collectible tomorrow and it has some great art that’s cc0, it probably won’t get a lot of attention and hardly anyone will buy it. At this point, spoilers may emerge, “stealing” the art, copying the idea, and releasing it under a new name, hyping it up in the market, profiting from all the original work. And the original author will have no (legal) recourse. Maybe they could appeal to the court of public opinion, but it could be an uphill battle. Retaining intellectual property will protect them (legally).

It is also difficult to build a brand without the guidance of a central team. Not impossible, but difficult. (Requires) a creative director to plan the franchise and a team to produce and execute the roadmap. A vision to work towards. Note, however, that this is not mutually exclusive with a project’s cc0. There are many projects that have released their content into the public domain but continue to develop towards the unique future they envision for the project. However, it may be easier to motivate a team if they know they have ownership of what they are building and cannot be tampered with by malicious actors at any time.

Composability, Interoperability, and the Beauty of CC0

We’ve all seen the epic “Otherside” video‌, and towards the end, you can see a bunch of different NFT characters sitting in a car, pictured below:

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

This depicts a universe of our favorite NFT project characters where they can coexist and thrive. Ironically, it’s much harder (and more expensive) to build a universe with non-cc0-series characters because, you either own the token or license the IP from the owner. Instead, anyone can use whatever CrypToadz they want.

I don’t know what you think, but I think it added value when the CrypToadz and Noun series were included in this video; and I think the reason they were added was largely because they were cc0. In fact, I bet a lot of people are reading this without knowing what Noun or CrypToadz is. You’ve heard of “Cool Cats,” “Mutant Apes,” “Crypunks,” “Meebits,” and “World of Women.” And now there’s a Noun sitting next to them? What is Noun? And this weird pixelated toad smoking a cigarette? Why is all this random pixelated stuff put together with all the other super blue chip projects?

Because they belong to cc0.

Again, the value is here.

Other projects prefer to use roles or assets from cc0 projects rather than non-cc0 projects because they involve less friction.

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Here’s a concept image from HyperLoot‌, a project that builds on the Loot project and incorporates characters from the various cc0 projects into their worlds.

While people are talking about builders in this space, the real construction is happening quietly behind the scenes and in the cc0 project. People in these communities are basically not tweeting, ranting, they’re coding, enjoying their little discord servers, doing cool things with NFTs.

The last thing I haven’t mentioned is how many cc0 projects exist entirely on-chain. Again, it’s beyond the scope of this already long article to delve into what all of this means, but in a nutshell: it’s a good thing.

Some of my favorite cc0 projects

There are a lot of great projects that are cc0, and more are coming out every week. I don’t have an exhaustive list, but here are a few items I’ve found that are of interest for various reasons. names not listed in order.

Blitmaps / Blitnauts

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

I’ve been a fan of this project almost from day one. I wrote about them on June 18, 2021, and again on August 11. In my opinion, this is the biggest “hidden in plain sight” gem I’ve ever seen. I’m amazed that it seems to have been ignored. The project’s founder is Dom Hoffman, one of the smartest and most innovative builders in the entire space. This community is top notch. Their goal is high: “A community-crafted sci-fi universe”. They’ve executed flawlessly on all fronts so far, and I have little doubt that they’ll continue to fire on all fronts.

Mfers

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

The epitome of the Meme project. Mfers was created by Sartoshi, who has been creating art and memes in the field for a long time. They created 10,000 mfers, released and let the community do what it wanted. The project didn’t even have a Discord until some holders established an “unofficial” version. Eventually, Sartoshi made this wonderful post: What are mfers‌.

I tweeted recently: “You can have a roadmap of where you’re going, but you can also plant seeds and see where they grow.” — The seeds are all around now, and we’ll see where they are grow.

The mfer community is booming. Dozens of spinoff projects have been created. They’re taking over their little corner on Twitter. And more and more big Vs are adopting mfers as their PFP (such as DCinvestor‌ and David Hoffman‌). They own their mfer and nobody owns the IP.

CrypToadz

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Another meme similar to a collection, this time by Gremplin‌. These were released last year during some kind of crazy bull cycle, and they were pushed to 17 eth or some insane position (with a mint price of 0.069 eth). They are adopted by many “OGs” in the field, and people are excited about the cc0 claims and the possibilities of derivatives. Of course, a project that went from 0.069 to 17 eth in a few weeks is likely to crash, and it did. It’s been hovering between 2-4 eth for a few months now, but we’re seeing more traction as the narrative shifts to cc0 recently. A lot of Punks who felt “scorned” by the sale of Larva to Yuga seem to have moved on to CrypToadz or Mfers.

Loot

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Another project founded by Dom Hoffman that takes composability and derivation to the extreme. Loot is literally just a list of words. White text on a black background, and items you might find in an RPG. It’s minted for free, there are no secondary market royalties, and it’s launched covertly. It also hit a floor price of 20 eth within a few weeks. In August of last year, Loot was nothing short of a crazy market.

Its beauty lies in its simplicity. Anyone can do anything with it, and a lot has been built on it and inspired by it. The HyperLoot project mentioned earlier in this article is an example, and the entire TreasureDAO/$Magic‌ ecosystem is inspired by Loot.

Nouns

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

One of the most interesting projects in existence. Every day 1 Noun NFT is auctioned to the highest bidder, and all funds raised from these auctions go into a community treasury managed by all Noun holders. They have now grown to day 255 and have 21,791 ETH ($73,754,081) in the vault. One of the project’s founders, punk4156‌, a big believer in cc0, made some very loud public statements a few months ago, mostly against the way Larva Labs handled its IP, which eventually led to it selling all of its Punks.

ChainRunners

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

This is a fantastic and fun project. The team has a clear vision of the direction they want the project to take, but there are also plenty of community-led initiatives and spin-offs that expand the universe in positive and meaningful ways. It’s a project built by builders and discovered by those who appreciate it (along with excellent pixel art).

Terraforms by Mathcastles

I was hesitant to add this here. Not because I don’t like it (which I do), but because it’s a very complicated, messy and mysterious project. Here’s how it is described in an unofficial community FAQ:

At a basic level, Terraforms are a set of NFTs. Each NFT represents a “plot” on a 20-story virtual “super castle”.
Most NFTs tend to be images and metadata, which are stored off-chain on the internet. And some people store these things on-chain.
Terraforms is “extremely on-chain” — programmatically generated code, entirely on Ethereum. While there are visual representations of NFTs, what you see is the output of live code.

It’s very interesting, especially for the developers I’ve worked with. A lot is beyond my imagination, but it seems cool and worth watching.

Timeless Characters by Treeverse

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Treeverse is an open-world fantasy MMORPG with a MOBA-style combat system.

Timeless Characters are anime NFTs created by VIII that can be used as “skins” in the Treeverse world. It’s interesting because they’re designed to be used in games, so, presumably, you can port these characters to other games, taking your characters from one world to another. The whole Treeverse project is awesome and fascinating, and its founder is one of my favorite voices in the space, Loopify.

Crypts & Caverns

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

Crypts and Caverns is a generative, on-chain, Lootverse “Lego”. Every NFT is generated programmatically in a contract, which means no two maps are the same. The data in each map is carefully optimized to function well within the Loot ecosystem, supporting text, 2D, and 3D worlds. This means that developers, designers and artists can all call contracts directly and integrate their own mechanics, adventures and tiles on top of them.

This wonderfully simple project awakened my inner fascination with D&D (Dungeon and Dragons games). As mentioned in the description above, it was designed from the outset to be easily adopted by others who might want to build on one or all of Crypts and Caverns. Composability and interoperability are at their peak. There are indeed several projects now using C&C as a base layer to build on and plan to provide utility to the original owner of the token. And that’s the value of the original.

free hawaii photos

It would be remiss on me not to mention this photo. This is a great example of how attribution can carry real value in an original image with few rights reserved. I highly encourage you to read the full story on this site, but the key takeaway is that in 2017 photographer Cath Simard took this amazing photo.

When Punks OG turns to CC0 NFTs like Mfer, it may hint at a new narrative for NFTs

The photo went viral, and people and publications around the world started using it, often without attribution or financial compensation. It’s very unrealistic to go “hunting” everyone and trying to get paid. Instead, Cath decided to cast the original into an NFT, sell it, and then release the rights to it so anyone could use the image. It was sold to gmoney 6 months ago for 100 ETH (~$300,000).

The original is valuable

Note that this image is not set to cc0, but an extremely open license is granted to all. Since this is not cc0, this license can technically be changed at any time. Although in my opinion this is unlikely to happen, it is worth mentioning for the sake of exhaustiveness of the information.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/when-punks-og-turns-to-cc0-nfts-like-mfer-it-may-hint-at-a-new-narrative-for-nfts/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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