Andreessen Says Its 'Can’t Be Evil' NFT Licenses Will Help Avoid Legal 'Ambiguity'
Many popular NFT projects—most notably the Bored Ape Yacht Club—grant holders the right to use their owned images to create and sell derivative artwork and products. However, there are questions over whether such IP licenses are legally durable, or if creators have even misled buyers. Venture capital giant Andreessen Horowitz says it wants to help.
The VC firm today announced the release of “Can’t Be Evil” NFT licensing terms that are available for any project creators to freely use. The licenses provide an array of different approaches for NFT projects, ranging from limited personal use terms to broader licenses that let anyone use the artwork for any purpose—even if they don’t own an NFT. But the firm’s General Miles Jennings and Chris Dixon write that the licenses have been tuned for decentralized Web3 projects to remove ambiguity.
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