Yuga Labs to Enable Full Licensing Rights to CryptoPunks Holders

Perfect purveyor of quality NFTs, Yuga Labannounced that it will transfer the IP usage rights to Cryptopunks The owner, essentially giving members of the community the same licensing rights as its flagship Bored Ape collection.

As of August 15th, anyone who owns a CryptoPunks NFT will be able to use their likeness for a variety of uses. commercialization opportunitiesSo you can finally unlock the inert earning potential of your precious asset. update.

Although Yuga is not involved in any direct collaboration, @dt_chain, @Tiffany & Co & @alexarnault, is a great example of what Punks owners can do with their IP license agreements due for release on August 15th. See for license details. https://t.co/clS7XyfmT7

Cryptopunks (@cryptopunksnfts) July 31, 2022

Through the new update, CryptoPunks owners will be able to: use images of their NFTs For a wide range of merchandising opportunities. On the other hand, the original owner can continue to use and benefit from the commitments they entered while owning the asset. However, after selling an item, you cannot engage in new activities.

There are a few small caveats to this occasion. Therefore, any use must be within his Yuga Labs Terms of Use, which inherently prevents use in projects that degrade the value of the entire collection, such as criminal activity or hate speech. In addition, Yuga Labs reserves the right to modify contracts due to the experimental nature of the industry.

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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.

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