The theft of actor and producer Seth Green’s “Bored Ape” non-fungible token has prompted debate around copyright and ownership of the popular digital assets and their unusual licensing structure.
Bored Ape Yacht Club takes a novel approach to NFT sales, giving the purchaser of each Bored Ape NFT licenses to use the digital primate art in various capacities, including developing and exploiting the properties commercially, according to the online collection’s terms and conditions. Green had planned to showcase his Bored Ape #8398, named Fred Simian, on an upcoming television show.
“That’s what was kind of amazing about the Bored ...
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