LooksRare Tea Party: Honey or Poison, What Projects Are Right for CC0?
LooksRare
2022-08-11 14:17
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What exactly is the CC0 license and how might it affect NFTs?

CC0 has been in the spotlight over the past week.

tweetstweets, announcing that all his works (excluding collaboration funds) will be converted to CC0 licenses.

Why NFT Creators Should Embrace CC0Why NFT Creators Should Embrace CC0", to further discuss CC0 NFT.

official announcementofficial announcementMoonbirds will also be converted to a CC0 license, allowing the public domain to use and create Moonbirds without threshold.

This once again aroused people's attention to CC0.

Previously, the well-known projects Nouns, Loots, Mfers, and Goblinz all adopted the CC0 license, and they have all caused discussions, but the impact is far less extensive than this time.

Top encryption artists, top investment institutions, and top NFT blue-chip projects, why do they all support CC0? What exactly is the CC0 license and how might it affect NFTs?

On the evening of August 10, 2022, the LooksRare Chinese community invited several well-known NFT players—haze (@first level title

What is CC0: Intellectual property is completely open and enters the public domain

Essentially, CC0 is full ownership and openness of intellectual property. Whether it is an NFT holder or a non-holder, they can perform secondary creation and obtain commercial income without any additional permission from the project party.

Under the contemporary intellectual property protection system, the ownership of cultural products and intellectual property rights are separated. Usually, when a user buys a work of art, what he gets is the ownership of the painting itself, but he does not get the corresponding intellectual property rights. Users cannot use the work for commercial operations and obtain commercial benefits.

In the NFT field, most projects still follow this rule. However, innovators also emerged. At the beginning of BAYC's launch, it clearly opened commercial licenses to NFT holders in the casting terms. NFT holders can carry out secondary derivative creation, commodity sales and other activities to obtain relevant commercial benefits. This initially brought community enthusiasm for BAYC's marketing.

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Why is Moonbirds CC0 so controversial?

The guests believed that for the Moonbirds project, the point of controversy is not CC0 itself, but the team directly announced the adoption of the CC0 model without community discussion and voting.

Gaining community understanding and support is critical for projects that intend to adopt CC0. Because of the development of CC0, a strong community consensus is required. If there is no community consensus that cannot be maintained, loses vitality, and no one participates in secondary creation and external influence, then CC0 will lose its meaning.

First of all, it is necessary to educate the community well. For CC0, most users are still relatively unfamiliar. For users, CC0 is basically equivalent to "the team is quitting", which is a major blow to the confidence of the community. In addition, at this stage, both the NFT market and NFT projects are still in a relatively early stage, and a strong, independent, and active community has not yet been formed, and community governance may be tantamount to letting go. After CC0, what will the team be responsible for, how to promote the brand and the community, etc. These teams need to have a full explanation and description of CC0.

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Advantages and Disadvantages of CC0

The advantage of CC0 is that the project is completely decentralized to the community, and the creativity of the masses is unlimited. And NFT itself is community-driven, and it is natural to carry out secondary creation and secondary dissemination, which is more passionate and forms a positive cycle. This was the case in the early days of Mfers.

The downside is that CC0 may mean that the project party will not take the project so seriously. Because the project party has given up the copyright, it has no responsibility for the future, which will cause hidden worries in the community. Will the community die without a backbone?

At this stage, CC0 is still early. Under the premise of having a team, the development of blue chips is still under great pressure. If there is no team, how can we continue to promote cooperation and development? This is still a big problem.

Based on the above considerations, when selecting projects at this stage, the guests still value a team with strong execution capabilities.

The team plays a decisive role in the development of the project. Whether it is a major decision-making, a discussion of cooperation, or a major future plan, the team needs to be the leader and the starting point.

In fact, adopting CC0 doesn't mean the team should leave it alone. It can be seen from several projects that the same CC0 license is adopted, but there may be completely different scripts.

One is Mfers, the founder announced to leave the project and hand over the project completely to the community (the project treasury is kept by the community with multiple signatures). After he left, community enthusiasm declined and floor prices did not perform well.

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What projects are suitable for CC0?

One is that the community has a wide audience, a strong consensus, and a strong team’s ability to continue operating. The community trusts that the team will not be challenged to leave the project just because they adopt CC0. The projects in the NFT field are still in the early stages, and there is still a lack of such projects at this stage.

The other type originates from the community and has the MEME attribute, which itself has the attribute of community-derived creation, which is more suitable for CC0. This is also a project that is more likely to adopt CC0 in the NFT field.

For example, Xcopy is an encryption artist who is deeply involved in the encryption community, and his style also belongs to the graffiti style. Since 2018, he has gradually gained recognition in the encryption community. Therefore, after the announcement of CC0, many second creations appeared.

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About LooksRare Chinese Community Tea Session

The NFT industry is developing rapidly, and one of its cores is building around the community. As a trading platform, LooksRare continues to iteratively update, and will launch the V2 version in the near future, providing many new functions. At the same time, it attaches great importance to the construction of the community, and also hopes to hear the voice of the community and gather the power of the community.

The LooksRare Chinese community will hold tea parties (Twitter space) from time to time to communicate with everyone, discuss industry development, research emerging projects, collect community opinions and suggestions on the LooksRare platform, and report the latest situation of the platform.

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