Moonbirds 180° to CC0

84: Moonbirds flip to CC0, Starbucks teases Web3 rewards program, A Conversation With returns Wednesday

• Moonbirds 180°

• NFT News

• W3B Audio: A Conversation With Andy Boyan

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CC0

Popular NFT project Moonbirds founded by Kevin Rose of PROOF collective announced they were flipping to a CC0 public license this week.

KΞVIN R◎SE (🪹,🦉) @kevinrose

1/GM. Today, we’re announcing that @moonbirds and @oddities_xyz are moving to the CC0 public license. We believe this move honors and respects the values of the internet and web3 and starts a new and important phase of the project. 🧵...

A major flip because holders/investors who bought into the project months ago were led to believe they had full commercial art rights for the Moonbird they own as noted directly on the website

Directly from Moonbirds website

As you can imagine, the 180 has caused intense dialogue, emotions, and conversation around the web3 space.

Steve @NFTbark

I hate to keep harping on this, but reflecting more on the @moonbirds cc0 town hall...my trust in the @proof_xyz team has eroded quite a bit. I was VERY high on this team, but this decision caused some concern about how they view, and respect, the community. 👇🧵THREAD 1/12👇

While the outrage is real and raw. Noted web3 security expert OKHotshot, put out the point that Moonbirds Terms of Services clearly states they can do whatever they want and the generally important lesson of read before you buy.

OKHotshot @NFTherder

Moonbirds abruptly going CCO may have outraged a few ppl but it shouldn't come as a surprise. Their ToS clearly states that they can do whatever the F they want at any given time without liability Lesson here: read before you buy

The Moonbirds conversation around CC0 isn’t going away while your ownership rights as a holder may have. This story is just beginning to be written around the technology and your rights within it.

CC0 (Creative Commons) is the "no copyright reserved" option in the Creative Commons toolkit - effectively meaning relinquishing all copyright and similar rights that you hold in a work and dedicating those rights to the public domain.

A primer on CC0, which stands for Creative Commons, and the different meanings of “no rights reserved” on intellectual property from nftnow.

nft now 💭 @nftnow

We’ve seen NFT projects like @nounsdao, @cryptoadzNFT and now @moonbirds moving to ‘CC0’ licenses recently, but what exactly does that mean?

nftnow.comCC0 and NFTs: Understanding OwnershipCopyright and IP laws have been a source of debate for NFT projects for years. Learn how CC0 licenses get around this.

Last week we stated Web2 brands continue to enter Web3 in both good and bad ways. This is an example of a web3 project born out of a web2 identity making a major change in which the direct community was not a participant on.

Feels very much like:

RIPPΞ @MichaelRippe

web2.1 step closer to 3

🎨 NFT News

• Tiffany generates $12.5 million in 20 minutes as 250 NFTs priced at 30 ETH sell out:

CNN @CNN

Tiffany & Co debuted and quickly sold out a limited collection of 250 custom jewel-encrusted pendants for holders of CryptoPunks -- a popular early non-fungible token collection.

cnn.itTiffany’s sells out custom Cryptopunk ‘NFTiff’ pendants for $50,000 eachOn Friday, Tiffany & Co debuted and quickly sold out a limited collection of 250 custom jewel-encrusted pendants for holders of CryptoPunks, a popular early non-fungible token collection.

• Starbucks announces web3 rewards program featuring NFTs:

TechCrunch @TechCrunch

Starbucks to unveil its web3-based rewards program next month tcrn.ch/3zUKopC by @sarahintampa

tcrn.chStarbucks to unveil its web3-based rewards program – TechCrunchStarbucks plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide owners with access to exclusive content.

• Gucci begins accepting APEcoin at their boutique stores continuing the merging of digital/physical:

gucci @gucci

Now accepting @apecoin payments via @BitPay, select Gucci boutiques in the USA expand the range ofcryptocurrencies available for in-store purchases, yet another step in the House's exploration of Web3.

📰 DeFi Today

• Nomad bridge hacked for $190 Million+ (4th largest DeFi hack in history)

Miles Deutscher @milesdeutscher

Today, the Nomad bridge was exploited for $190m, making it the 4th biggest DeFi hack in history. It's also being dubbed as the "first decentralised hack", with users snatching funds via a simple copy and paste trick. Here's a breakdown of what happened. 👇

• A poll on the price of Ethereum at the moment of the Merge: (expected dSept 18, 2022)

RIPPΞ @MichaelRippe

ETH price at the moment of the Merge…

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Cryptocurrency markets don’t stop and thanks to our friends at Brew Money, neither do the opportunities.

Brew money just released DeFi 101: An introduction for beginners on Product Hunt. Check it out today.

Product Hunt Launch: DeFi 101🔥🚀

*investrly & Brew Money have partnered to provide more education and information to our subscribers through collaborations.

🎧 Web3 Audio

A Conversation With Podcast🎙 Listen on Apple iTunes & Spotify.

• 📆 Wednesday, 8/10 @ 4 PM ET: Andy Boyan

This newsletter was written by Michael Rippe. If you enjoyed this weeks newsletter, want to write with uslet us know in the comments and feel free to tag a friend.