English
Moonbirds Declares a Significant Alteration to NFT Commercialization
As a result of its acquisition by Yuga Labs, Moonbirds has implemented holder rights enforcement, which requires users to possess NFT assets in order to commercialize them. This represents a substantial paradigm shift in the NFT market and may have an impact on other NFT creators.
Two months after being acquired by Yuga Labs, Moonbirds reportedly announced a substantial change in its strategy for NFT commercialization, as reported by PANews. The modification entails Moonbirds safeguarding the proprietors' rights with regard to the commercialization of NFT artworks. Users who desire to commercialize their NFT assets are therefore required to possess them beforehand.
Moonbirds declared that it will henceforth be transformed into a sequence of NFTs with commercial rights. Moonbirds implemented the Creative Commons Zero (CC0) copyright code in 2022, thereby permitting unrestricted commercialization of the works without requiring the owner's permission. By placing greater emphasis on ownership rights during the commercialization process, this action signifies a substantial transition in the NFT market.
On the NFT market, it is anticipated that Moonbirds' decision to enforce the rights of the holders will have a substantial effect. This highlights the significance of ownership in the process of commercializing NFT assets and may inspire other NFT creators to adopt a similar approach. Moonbirds' adoption of the CC0 copyright code enables the unrestricted commercialization of their works, thereby expanding the prospects for proprietors of NFTs.
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