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Moonbirds, the NFT project that caused a stir when it launched in April, has announced a major change to its intellectual property policy.
Moonbirds expand with CC0
On August 5, NFT Moonbirds creator Kevin Rose announced that both Moonbirds and its derivative collection Oddities will be licensed under Creative Commons (CC0). This means that these NFTs are denied the right to collect royalties.
As an NFT project that caused a sensation at the time of its launch in April, this action caused a heated controversy in the NFT community about Moonbirds. Since the CC0 license will remove any copyright restrictions, anyone can use Moonbirds NFT. CC0 is praised for putting the interests of the majority ahead of individual interests.
“We are announcing today that @moonbirds and @oddities_xyz will be moving to CC0 public licenses. We believe this move honors and respects the values of the internet and web3, and begins a new and important phase of the project.” – Kevin Rose said.
However, according to the commitment at the time of sale, Moonbirds buyers have full rights to receive intellectual property with the NFTs they have purchased, so only these people have the ability to create derivative products and make money from them. there. Someone who wants to use their NFT image must pay a royalty fee, including the NFT issuer.
The response of the NFT . community
Of course, the Moonbirds investor community largely reacted negatively to this announcement. They claim that they “have been deceived” when they are stripped of the rights that have been committed since the initial sale of NFT.
One user commented on Twitter:
“Is this change even legal, since it’s already open for sale? This is unethical and I feel I have been tricked into participating in the project.”
Another commenter commented that CC0 is inconsistent with the nature of the NFT:
“CC0 is a good thing for the public good, but not suitable for NFT collections of avatars that want to provide value to holders. This move of the Moonbirds will make many people feel offended.”
In contrast, those who do not hold NFT Moonbirds are extremely excited about this change, because they will be able to freely create derivative works for the project without worrying about royalties.
The reason for the action of the Moonbirds team can be said to stem from the recent decline in the NFT market, forcing them to look for new directions to restore excitement to the project. But to attract new buyers is quite hard when the price of Moonbirds is still very high. Thus, removing intellectual property rights will remove the cost barrier, allowing non-NFT holders to participate in the development and expansion of the Moonbirds concept.
Founder Kevin Rose also announced the creation of the Moonbirds DAO, a self-regulatory organization that will monitor worldwide use of the Moonbirds trademark, preventing fraud, hate speech and conflict. in the community.
However, since the announcement of granting CC0 rights, the price of Moonbirds has dropped by nearly 9% when a part of investors decided to sell NFT when no longer receiving royalties from the project.
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