CryptoPunks Release Official IP Rights Agreement

CryptoPunks Release Official IP Rights Agreement
In this post

CryptoPunks announced that the IP rights agreement for its holders went live in a tweet earlier this evening.

Yuga Labs, who previously purchased CryptoPunks from Larva Labs, will still own all of the "rights, title, and interests in and to the CryptoPunk Art including any and all copyrights, trademarks, and other intellectual property rights."

However, holders will be granted the license "to use the CryptoPunk Art associated with Your CryptoPunkNFT for as long as you hold Your CryptoPunk NFT."

Holders now also own the IP rights to any derivative that their CryptoPunks NFT is featured in accordance with the United States Copyright Act.

The full document for IP rights relating to CryptoPunks can be found on the CryptoPunks app.

For more information on the history of CryptoPunks -- check out Lucky Trader's guide to CryptoPunks. 

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.