A16z Releases a Series of “Can’t Be Evil” Licenses for NFT Projects

Six NFT-specific copyright licenses were made available on Wednesday by the cryptocurrency division of venture capital company Andreessen Horowitz (a16z) as part of a free and open set of “Can’t Be Evil” Licenses in the manner of Creative Commons (CC). You can find instructions for how to incorporate this into your next project here https://t.co/RWBfXM1QAD — Michael Blau (@blauyourmind) August 31, 2022 “Can’t Be Evil” Licenses for NFT Projects In a blog post, a16z’s managing partner Chris Dixon and general counsel Miles Jennings announced that the company is addressing the current ambiguity and confusion surrounding NFT licensing. They want to “democratize access to high-quality licensing and encourage consistency across the Web3 sector” by clarifying the rights of an NFT creator, buyer, or seller about the artwork of digital assets. The “Can’t Be Evil” set’s Terms and Conditions state that it can serve as a model for NFT projects to use when developing and offering NFTs. Licenses are similar to those provided by Creative Commons. They don’t represent novel ideas. In contrast, the licenses have been adjusted for decentralized Web3 projects, according to the firm’s general Miles Jennings and Chris Dixon, to remove ambiguity, reduce uncertainty over IP rights grants, and potentially even prevent future legal issues. a16z Crypto Collaboration Latham & Watkins LLP, DLA Piper LLP, and a16z Crypto collaborated on developing the Lice...