What is A cc0 NFT?

What is A cc0 NFT?

So you’re wondering what the heck is cc0 NFT? Well, cc0 NFTs have been massively popular lately, being the open and transparent side of branding that decentralization maxes love. Projects like CrypToadz, Blitmaps, and Mfers all feature “Creative Commons Zero” artwork. But what does cc0 mean? And how does this relate to NFT IP commercial rights?

People tend to think that just because you mint an NFT, all you get is an image. However, some NFTs are not so simple. While some offer a license for intellectual property (IP) rights, others give owners nothing at all.

Obviously, it’s important to know your rights with NFTs. So let’s start with the most popular rights behind NFTs today, cc0 rights and what they mean in the NFT scene.

This summer we heard the term “cc0 NFT” more than ever, but what does it actually mean?

What does cc0 mean?

The term cc0 stands for “Creative Commons Zero”. Basically, this means that the IP (Intellectual Property Rights) owners waive all copyrights and the like in the public domain. In other words, absolutely anyone can use cc0 items for almost anything they want. Cc0 rights allow anyone to use the IP to create their own content.

So what is cc0 NFT?

cc0 NFT is a piece of digital content on which intellectual property rights have been assigned. In short, anyone can reproduce cc0 NFT. Even non-owners can create commercial goods from cc0 NFTs without legal consequences.

Moreover, with cc0 NFT, you don’t have to credit the original creator if you were to use it.

For example, the top project Goblintown grants full cc0 rights to their artwork.

What is A cc0 NFT?

cc0 NFTs definitely have their pros and cons depending on each creator or owner’s goals with their NFTs.

Cc0 Vs. Commercial Intellectual Property Rights: Which is Best?

Of course, cc0 NFTs have their pros and cons. However, most of the advantages can also become disadvantages. Basically, it all comes down to your perspective.

Once you own cc0 NFT, you can commercialize that artwork in any way you want. You don’t need to ask the project owner or artist for permission to use NFT.

On the other hand, anyone else can use it. The IP is in the public domain, which means that someone who right-clicked and saved your NFT has just as much right to it as you do. Yes, even a complete stranger to the collection could use her brand for his company.

Next, project owners of cc0 NFTs have no control over their branding. That’s because literally, ANYONE can use the likeness in any way, shape or form.

By comparison, full commercial intellectual property rights only allow the holder to use the likeness of that NFT. This opens up a whole range of options for licensing the IP to others. A great example of this is the Bored Ape Yacht Club. Basically, BAYC offers commercial rights, with many monkeys licensing their NFT IP for music videos, movies, TV shows and fashion. That’s part of the freedom that comes with owning full intellectual property rights.

Examples of successful cc0 NFTs

What is A cc0 NFT?

Goblintown is among the most intriguing cc0 NFT projects of 2022. Credit: Goblintown

Goblintown

Some say it’s ugly, some praise it for its uniqueness. In any case, Goblintown making waves among NFT collectors. All 10,000 Avatar NFTs are cc0, allowing owners to commercialize them in any way they like. In this case, having a Goblintown NFT registered under a Creative Commons license can be valuable. In terms of design, these collectibles definitely stand out.

In fact, the controversial project redefined the concept of beauty in the NFT sphere. The minimum collection price is 1.9 ETH and many NFT kits support the project. Surprisingly, Steve Aoki even hosted the Goblintown NFT NYC Party this summer.

What is A cc0 NFT?
Loot is an innovative NFT project that has inspired content creators to develop new assets. Credit: Loot NFT Project

Loot

No avatars, no pictures and no stats – just white text on a black background. As simple as it may seem, Loot has redefined how the community interacts with its NFTs. Basically, each of the 8K NFTs is a “loot bag” filled with protective fences.

Since these digital assets are cc0, anyone can use them for their own project. From P2E games to innovative rarity research tools, this project has fueled the creativity of developers. Today, the lowest price of Loot NFT is 1.03 ETH – an impressive achievement considering that minting was free at launch. If you want to learn all about the complex Loot ecosystem, check out our post here.

What is A cc0 NFT?
Mfers comes from one of the leading creators of Twitter NFT memes, Sartoshi. Credit: Mfers

Mfers

Few projects represent meme culture better than Mfers. This hand drawn project consists of 10,000 avatar-style NFTs created by none other than Sartoshi. In short, many members of the NFT community believe that Sartoshi is the leading meme creator on NFT Twitter.

As simple as they look, digital stickmen took over the market soon after their launch. Today you can buy Mfers NFT at a minimum price of 1.18 ETH. However, some of the rarest pieces were sold for 11 ETH, making this cc0 project popular.

What is A cc0 NFT?
Nouns is an ongoing cc0 NFT project, with new collectibles appearing daily. Credits: Nouns

Nouns: the most successful cc0 project

Looking for a cc0 NFT project featured in a Super Bowl commercial? Then nouns is the answer. Be careful, though, because these pixelated avatars have a minimum price of only 99 ETH. In fact, this is undoubtedly one of the most successful cc0 projects to date.

Unlike most NFT collections, Nouns does not have a set number of NFTs. Instead, NounsDAO sells new digital assets every day; the team’s plan is to continue this process “forever”. Therefore, NounsDAO (which is jointly managed by all NFT holders) has one of the biggest treasures in the NFT sphere.

Is cc0 summer?

The short answer is “maybe”. This year we have seen more and more cc0 NFT projects skyrocketing in popularity. Collectors, game developers and artists enjoy the freedom to use their NFTs however they want.

This fact is proven by a quick review of the most popular summer projects. For example, Goblintown – a project with no roadmap or utility – went from free money to over $130K in sales. Their Twitter community has more than 124,500 followers who continue to support the quirky collection. Even in a bear market, this new project is making impressive progress!

What is A cc0 NFT?

XCOPY is one of the most popular NFT creators that switched to cc0 this year. Credit: XCOPY

Any projects moving to cc0 NFT?

This successful achievement inspired other NFT creators to switch to cc0. For example, prolific digital artist XCOPY has announced that all of his NFTs will become cc0. As the owners receive the intellectual property rights for each piece, this means that XCOPY’s artwork will inspire many other artists and emerging projects.

However, no each one the cc0 spinning project has been well received. One of the most recent examples is Moonbirds. This week, the popular project terminated its NFT commercial rights for cc0. Unfortunately, the team received immediate backlash from members of their own community.

Consequently, the move to cc0 contradicts the initial promises Moonbirds made to the smiths. However, their decision is, despite this, legal community disapproval.

To conclude, we are likely to see more cc0 NFT projects in the near future. The new trend facilitates the distribution of NFTs by allowing owners to use digital assets as they wish. Some of the most successful projects on the market offer cc0 collectibles, which has convinced top artists to embrace the change as well.


All investment/financial opinions expressed by NFTevening.com are not recommendations.

This article is educational material.

As always, do your own research before making any investment.



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