A16z Creates NFT Licensing Framework to Standardize Collectors’ Rights
Venture capital firm Andreessen Horowitz’ crypto arm, a16z, released six NFT-specific copyright licensing frameworks on Wednesday as part of a free and public set of “Can’t Be Evil” Licenses, in the style of Creative Commons. A blog post from Miles Jennings, general counsel at a16z, and Chris Dixon, a managing partner who founded a16z.
The “Can’t Be Evil” set is meant to serve as a template for NFT projects to consider when creating and selling NFTs, according to its Terms and Conditions. The slate of open source licenses are based on US law and relate to copyright only, excluding other forms of intellectual property, including personality rights, stated the document. US copyright laws do not automatically grant buyers of both traditional and digital assets the right to reproduce, adapt or publicly display the artwork without a license.
