Forgotten Runes Wizard's Cult Creator Clarifies Holder Rights

Forgotten Runes Wizard's Cult Creator Clarifies Holder Rights

"Forgotten Runes holders have a non-exclusive commercial right to the character in their NFT," says Dotta, the creator of the Forgotten Runes Wizard's Cult. 

The non-exclusive commercial right is carefully worded, according to Dotta. This allows the Forgotten Runes team to include any of its characters in upcoming works or expansions of the Forgotten Runes "Runiverse" whether or not the team owns the corresponding NFT. 

The team is using this non-exclusive commercial right as they build an animated series with John Wick writer, Derek Kolstad. 

The clarification thread comes amidst lots of conversation surrounding holder rights and licensing, but Dotta suggests the approach taken by Forgotten Runes is the best way for a project to monetize its IP. 


Forgotten Runes recently raised a funding round, headlined by Alexis Ohanian's 776, to build out its Runiverse and continue expanding its decentralized IP. 

The project's genesis NFT collection, Forgotten Runes Wizard's Cult, trended down 13 percent this week to a 1.43 ETH floor price. Only 243 of the 10,000 NFTs in the collection are currently listed for sale. 

More about Forgotten Runes Wizard's Cult: Forgotten Souls

At the time of publish, the Forgotten Runes Wizard's Cult: Forgotten Souls floor price sits at 1.369 ETH, and has stayed relatively flat over the past 24 hours on 2 ETH volume of transactions. Over that same timeframe, no sharp wallets have bought or sold NFTs in the the Forgotten Runes Wizard's Cult: Forgotten Souls collection. Catch up on other recent Forgotten Runes Wizard's Cult: Forgotten Souls news here.

Recent Forgotten Runes Wizard's Cult: Forgotten Souls Sales

#821sold at 12/05 3:12am for
1.00
#6723sold at 12/05 3:12am for
1.00
#9011sold at 12/02 6:12pm for
1.00
#6641sold at 11/27 10:11pm for
2.00
#6518sold at 11/26 3:11pm for
1.00

Recent Forgotten Runes Wizard's Cult: Forgotten Souls Listings

#9592listed at 12/05 11:12pm for
5.43
#9592listed at 12/05 11:12pm for
5.43
#4689listed at 12/05 5:12pm for
3.00
#4689listed at 12/05 5:12pm for
3.00
#9631listed at 12/04 7:12pm for
6.66
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.
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