Meebits Release Official IP Rights Agreement

In this post

Meebits announced that the IP rights agreement for its holders went live in a recent tweet.

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

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

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

Yuga Labs also hinted at holders being "offered utility, benefits, or entitlements from time to time."

The creators of Bored Ape Yacht Club followed up this statement with "Yuga makes no assurances of any Utility" letting users know that utility is a possibility and not a promise.

The full document for IP rights relating to Meebits can be found on the Meebits App.

This news follows CryptoPunks releasing its official IP agreement.

Author Bio

Cameron Ciletti

Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs. Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish. Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health. Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.

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.