CC0 & NFTs: Meaning & Implications
A CC0 (Creative Commons Zero) NFT is a sort of copyright-protected NFT in which the owner permits the NFT to be used for commercial purposes by everyone. In this article, Trait Sniper will explain the Creative Commons license and the capabilities of CC0 NFTs.
What is CC0?
The term "CC0” stands for “Creative Commons Zero.” CC0 is the "no copyright reserved" option in the Creative Commons toolkit. It means creators waive all their copyright and related rights in their works to the fullest extent allowed by law.
CC0 licenses are used when the author wants to give others the right to share, use, and build based on the work that they have created. For example, YouTube allows users to bookmark their videos with a Creative Commons (CC BY) license. Other YouTube users can then access these videos to use, even commercially, in their own videos via the YouTube Video Editor.
What Can CC0 NFTs Do?
A CC0 NFT in the blockchain space suggests that everyone may use the NFT for commercial purposes in a variety of ways without the permission of the original artist, team, or creator.
There are some benefits to CC0 NFT:
Adapt the NFTs for other purposes
Creators can allow people to utilize their artwork in unique ways. This adds value to the project by allowing the community behind the NFTs to convert the NFTs into various types of merchandise such as T-shirts, canvas prints, or cups.
Dealing with thefts
As the blockchain will include a permanent record of the NFT's author and owner, CC0 NFTs may have altered the way we see intellectual property and copyrights for digital goods. Using a CC0 license also prevents the legal and logistical complications associated with IP theft, since technically, nothing is being stolen.
Increase awareness of the NFT project
Moreover, it’s more likely to increase awareness of your NFT project’s brand. NFTs that are out in the world and uninhibited by copyright are free to proliferate and spread awareness of your project, significantly appreciating that project’s value.
Some CC0 Projects
CryptoDickButts
CryptoDickButts is a CC0 NFT project with a unique graphic style that originated as a joke. The developers have simplified the project. There are no roadmaps or tools for the project; only CC0-licensed NFT artwork is provided to the public. The Series 3 collection, which consisted of 5200 NFTs, rose by 690%, reaching 290 ETH, with each NFT listed at around 3 ETH at the time of writing. This project's success shows the attraction of CC0 NFTs to the NFT community.
Goblintown.wtf
Goblintown.wtf is a collection of 10,000 NFTs of ugly species who live in Goblin Town and comprise mostly of goblins but also include dragons, trolls, and wizards, among others. Anonymous developers are believed to be affiliated with Yuga Labs, the designers of Bored Ape Yacht Club, who have started the project. Additionally, the CC0 project lacks a utility, a plan, and even a Discord server for its community. Instead, it included free minting, which provides people new to the industry with a low-cost barrier to entry for acquiring an NFT.
Conclusion
It seems that, for many of these CC0 projects, the freedom of collectors to do whatever they want with the artwork compensates for the lack of NFT utility and purpose. Numerous major NFT projects licensed by CC0 have topped the lists of NFT markets. This may indicate that it is one of the characteristics active investors seek when shopping for NFTs.