CryptoPunks community reacts to the ongoing copyright battle between v1 and v2
CryptoPunks v1 is no longer deemed authentic but its creators allegedly sold 210 ETH worth when the wrapped versions gained traction. During its initial release, 10,000 CryptoPunks were sold and made it to the secondary market before users discovered a critical smart contract exploit that made it possible for Punks' buyers to withdraw their Ether (ETH) post-purchase. As a result, creator Larva Labs withdrew recognition of the v1 collection, fixed the exploit and released the v2 Punks collection we have now. Though, they've also sent mixed messages about the collection by selling off dozens....
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Delegitimize CryptoPunks v1 and face pushback from v1 owners, or legitimize v1 and cause brand dilution, dropping the value of v2. In a Discord post published on Wednesday, Matt Hall, the core developer at Larva Labs, the entity behind the popular CryptoPunks v2 and, initially, CryptoPunks v1 nonfungible tokens (NFT) collections, announced he would be "taking appropriate steps" in the following days regarding the alleged copyright infringement of "both the art and the CryptoPunks name" of the CryptoPunks V1 collection. Normally, this would amount to submitting a takedown notice under the....
Many users bought Punks' NFTs on the basis that there were only going to be 10,000 of them, not potentially 20,000. Late Monday, popular nonfungible tokens, or NFTs, platform OpenSea once again delisted the CryptoPunks v1 collection, which spiraled into existence along with the iconic CryptoPunks v2 collection due to a smart contract bug. This was allegedly due to a Digital Millennium Copyright Act takedown notice issued by CryptoPunks v2 developers Larva Labs to OpenSea. As the company is also the creator of the CryptoPunks v1 collection, this move has struck some as strange.LL has forced....
The creators deployed the original CryptoPunks smart contract five years ago today. It’s a historic day for sure. Those pioneering NFT projects created a Billion-dollar industry. So, why is the crypto media so silent about the CryptoPunks NFT collection’s fifth anniversary? Because we’re talking about the legendary CryptoPunks V1. The creators, Larva Lab, celebrate the […]
OpenSea, the world’s largest NFT marketplace, has delisted CryptoPunks V1 due to a legal dispute with Larva Labs. The 10K collectibles, which are breathtakingly similar to the renowned CryptoPunks NFTs, are derived from the same smart contract as Larva Labs’ collection. While more collectors were flocking to V1 CryptoPunks, the project was blacklisted by Larva […]
A US Supreme Court case has caught the interest of the crypto community, especially the XRP community, as it could significantly impact Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC). The US Supreme Court is set to decide on whether or not to overrule the Chevron Deference Doctrine in the ongoing […]