IP License
Last updated
Last updated
SpaceBudz introduced a pioneering Intellectual Property (IP) license on the Cardano blockchain, setting a precedent for NFT usage rights. This license is embedded within the blockchain itself. The license associated with SpaceBudz's Intellectual Property (Ip) token can be tracked on the Cardano blockchain. The Ip token contains a link to the license, along with its hash. You can view the Ip token and its associated information at the provided
Under this license, SpaceBudz NFT owners are empowered to commercially exploit their NFTs in various ways, such as creating merchandise like T-shirts or comics, or even derivative art. They can also sublicense their SpaceBudz, provided certain conditions are met. However, the license stipulates two main restrictions:
If the merchandise exceeds $1 million in annual revenue, a separate agreement with the SpaceBudz team is required to protect the brand's integrity.
Creators must not misrepresent the origin of the merchandise, implying it is directly from the SpaceBudz team when it is not.
This initiative not only provides clarity on the commercial rights of NFT owners but also encourages community collaboration and expansion of the SpaceBudz universe through joint projects. The aim is to foster a creative ecosystem where the value of SpaceBudz NFTs is maximized while preserving the brand's vision against large-scale corporate misappropriation.
The hash for the SpaceBudz IP license is 4d6ecac4df1da28957ac2f94f1d117eebf5505625d515d3acfe66f77cd7560c0, serving as a digital fingerprint for the authenticity and integrity of the license on the Cardano blockchain.
