Public flight of Moonbirds sparks debate over intellectual property rights

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Tiffany’s NFT and OpenSea transfer weakness completes NFT week

The Moonbirds are now in the public domain.

On August 4, project founder Kevin Rose said that popular owl-themed NFTs would move to a CC0 public license with Oddities, their companion collection.

Lunar Bird #6830

“You are now free to use any Moonbirds and Oddities art as you see fit – forever,” he tweeted. A Moonbirds DAO will be formed to oversee licensing of the Moonbirds and Oddities brands.

Prominent NFT collectors like DCinvestor, Bharat Krymo and Vincent Van Dough welcomed the surprise move. Still, many felt that Moonbird NFT holders should have been consulted before handing over their intellectual property rights.

“So what’s the point of owning an #NFT under a CC0 license versus, say, having it right-clicked and saved to your PC?” tweeted NFT Pranksy influencer.

Twitter User KingBlackBored calls the movement a ‘bait-and-switch’.

Most Moonbird holders seem indifferent to the change, as the bottom price for the collection is holding around 18 ETH ($29,700), with only a handful of sales since the announcement.

Scammers abuse the OpenSea transfer feature

NFT market leader OpenSea recently launched a new feature that allows users to send NFTs to a different wallet than the one making the purchase.

Naturally, the scammers have already started To take advantage of of the feature by using it to send dodgy NFTs to popular influencers like Gary Vaynerchuk. Wallet tracking apps display these transactions as real purchases, enticing pinball machines to buy.

“Hopefully we can fix this…so people don’t get fooled,” tweeted Vaynerchuk.

NFTiff

Luxury jeweler Tiffany and Co. is making its first foray into Web3, selling a collection of 250 NFTiffs for 30 ETH ($49,500) each.

CryptoPunk holders who mint the NFTs will be able to exchange them for “custom handcrafted pendants”. The public sale begins on August 5.

Market state

It was another calm week in the NFT markets. Sales volumes fell 18% to $170 million in the week ending August 1. The number of transactions fell by 10% to 410,000.

Floor prices

  • Bored Ape Yacht Club – Down 5% this week at 81.75 ETH
  • CryptoPunks – Up to 7% at 76 ETH
  • Other Deeds – Apartment at 2.2 ETH
  • Moonbirds – Down 14% to 18 ETH
  • Doodles – 7% drop to 10 ETH
  • Clone X – Up to 18% at 8.9 ETH
  • Chromie Squiggles – Down 2% to 9.5 ETH

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