A16z proposes a set of licenses especially for NFTs, based on Creative Common...
The six licensing templates devised by VC firm Andreessen Horowitz are irrevocable and amendable, and give creators the power to set five variables for the future use of their works. Venture capital firm Andreessen Horowitz (A16z) announced Wednesday that it had devised a set of six licenses tailored to nonfungible tokens (NFTs) that are based on the model pioneered by Creative Commons. Like Creative Commons licenses, there is a range of rights available through a variety of the proposed NFT licenses, titled Can’t Be Evil licenses.In a blog post, A16z general counsel Miles Jennings and....
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Ownership recognition of Non-fungible tokens (NFTs) has become a critical issue that raises many other legal problems and copyright vulnerabilities. A venture capital firm, Andreessen Horowitz, also known as a16z, has appeared with a solid-looking solution to this problem via providing free licenses to creators. According to a Wednesday blog post written by the firm’s […]
With a set of creative skills and a personal computer, you can convert your digital art into NFTs. What is an NFT?NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that....
It’s the Labor Day Weekend edition of ‘NFTs In A Nutshell,’ but the NFT community isn’t taking days off. Venture capital firm a16z is looking to release a new slate of NFT frameworks that aim to protect creators, LG televisions are the latest to incorporate NFTs, and the hype around upcoming Solana-based NFT project, y00ts, […]
From digital art to mortgages, blockchain technology is disrupting traditional industries — and attracting major investors to boot. The cryptocurrency market has failed to make significant headway in recent months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cellular networks and Web3 gaming have all piqued the interest of venture capitalists. These new and familiar investment themes headline the latest edition of VC Roundup, as venture funds continue to target blockchain’s most promising value plays. a16z....
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens.
Cryptoys Raises $23 Million in Series A Round
The NFT market is facing a slump phase that is affecting prices and the popularity of NFT projects recently. However, there are projects that have managed to stay afloat and even thrive. One of them is Cryptoys,....