Everything you need to know about CC0

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Market

Crypto research firm Nansen released a report on NFT market trends gathered using their six new indexes. A lot of great insights came out of the report but the most notable was that NFT sales are inversely correlated with the crypto market.

• Nansen’s NFT-500 Index of the top 500 NFT projects by volume (and a few other factors) shows that NFTs have a -0.46 correlation coefficient with Bitcoin and a -0.60 correlation with Ethereum.

• This correlation is only when the NFTs are denominated in ETH

• FYI “1” means the two variables are moving together and “-1” means they are moving in opposite directions.

More insights:

More market:

• 7-Day Volume for everything in the Yuga Labs universe (BAYC, MAYC, BAKC) is up 200%

• 7-Day Volume for CrypToadz, Cool Cats, and World of Women is also up triple digits probably tied to their inclusion in the Yuga Labs Metaverse teaser (more on that later..)

Get to know CC0

When you own a jpeg worth millions, you’d think you could do whatever you want with it, right? Well, CryptoPunks creator Larva Labs certainly didn’t think so. For a while, Larva Labs didn’t have any guidance related to the commercialization or copyright of CryptoPunks; then in 2019, they adopted the NFT License created by Dapper Labs.

• Holders can display the art and only use it for commercial purposes if it results in no more than $100,000 in revenue per year.

• The holder cannot modify the artwork or use it to market third-party products.

This irked a lot of Punk holders, who in turn, launched a slew of CyptoPunk derivatives.

Larva Labs fired back with DMCA takedown requests against multiple derivative NFT projects and even got some of them taken off OpenSea.

In 2021, the discontent and frustration over holder IP rights came to a head when the pseudonymous NFT collector Punk4156 sold his CryptoPunk and launched NounsDAO.

NounsDAO essentially created the anti-thesis to Larva Lab’s restrictive IP practices using CC0 – the most liberal of the many types of copyright licensing.

This graphic lays it all out.

Other than community, the critical value of NounsDAO and different CC0 projects like CrypToadz, and Mfers is that anyone can use their art for commercial or other purposes and do not need to give attribution to the original artist, team, or creators.

Allowing creators and entrepreneurs to use the project’s IP can bring immense value back to the original NFT project through network effects.

BAYC airdrops APECoin

Minting a Bored Ape Yacht Club NFT for 0.07ETH (around $270) was one hell of an investment for a few reasons. First, a floor ape will now set you back about 100ETH (~$300K).

Next, BAYC holders were airdropped about 30ETH worth of free NFTs (MAYC & BAKC).

And finally, Yuga Labs, the company…