NFTs are in their infancy, and new legal frameworks like CC0 are being introduced. But what is the implication of these developments for the NFT community?
. However, a new class of NFTs and founders who believe in them have emerged in CC0 NFTs.
Recently, a movement termed CC0 NFTs has taken the nonfungible token world by storm. The term CC0 NFTs wasby the “Creative Commons Zero” licensing model. As per this model, creators can waive their rights to their art, allowing others to use the artwork freely to build more art, a product or a brand on top of it.
Perhaps the first significant NFT project to open the door to the CC0 licensing model was the “Nouns” project. They were soon followed by many nonfungible token projects, including Moonbirds, Cryptoadz, Cryptoteddies and Loot, that chose to go down the CC0 route. However, this also resulted in commercial implications for the NFT holders and project teams who make fundamental business strategy decisions for the nonfungible token community.The CC0 approach isn’t without its challenges, particularly for the individual NFT holder keen on monetizing their ownership rights on the nonfungible tokens.
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