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NFT News

Moonbirds NFTs Shift to Commercial Rights with Yuga Labs

Written By:
Brian Mutembei

Last updated: May 1, 2024 4:01 PM
Published 2024-04-30
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Moonbirds NFTs Shift to Commercial Rights with Yuga Labs

Moonbirds, one of the recent NFTs to be acquired by NFT giant, Yuga Labs, plans to introduce a major shift in its copyright policy. This means that Moonbirds owners will now have exclusive rights to commercialize their NFTs, replacing the previous CC0 copyright policy that allowed free commercialization.

But the Moonbirds Universe doesn’t stop at the screen. IRL and physicals will bring the brand to life.

Look out for dedicated events to bring Moonbirds together, including a satellite event next to Apefest 2024 in Lisbon this October.

We’re also working on partnerships for…

— Moonbirds (@moonbirds) April 29, 2024

Moonbirds named a transition to commercial rights in their recent press release, which is related to their existing community projects including Bored Ape Yacht Club and CryptoPunks run by Yuga Labs. 

This take about-face comes on the heels of a CC0 copyright licence which was previously adopted by Moonbirds in 2022. This license allowed third parties to copy, display, distribute, and make derivative and commercial use of the CC0 goods.

The Moonbirds not only preserves the copyright policy but also reconsiders the art directions. This implies making 3D avatar robots for animations and adding them to our Yuga Labs’ Otherside metaverse which could be someday. The Moonbirds mission is to ensure that tangible collectibles are brought onto the platform that will stimulate the community and facilitate the connection between the physical and digital realities.

Also Read: Yuga Labs Cuts Staff to Focuses on Small Crypto-Native Team

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Brian Mutembei Formar Crypto Journalist at The Crypto Times
By Brian Mutembei
Brian is a content writer& Blockchain enthusiast. Writes extensively on blockchain, cryptocurrency, and tokens to spread knowledge and awareness.

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