Newsletter #24

Why NFTs are more than art

One of the great lessons and revelations of the NFT boom is that conveying Intellectual Property (IP) ownership to NFT buyers adds value and enhances community.

Hashmasks, for example, grants the holder of their NFT “unlimited, worldwide, exclusive, license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”).”

Granting commercial use rights to NFT owners is a game-changer.

Check out how the Bored Apes Yacht Club’s permissive commercial license has benefited one holder who launched a Bored Ape IPA beer. (source)

Traditional content companies should take note. Where NFTs tread (Music/Art/Gaming), the whole notion of retaining IP for future monetization will change. Revenue could come more from future royalties than direct licensing or traditional revenue sources. Your moat has changed.


This week’s featured collection is lazy.com/bstract

Bstract recently tweeted about how they got started in NFTs: “Interestingly a few people have asked me how I got into NFT's, I always say I minted my first after listening to @mcuban on @steveo's Wild Ride Podcast.”


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Want to join Lazy ? 👩‍💻

Are you a React developer who wants to influence how tens of thousands of people share, view and explore NFTs? Well, good news: Lazy is seeking a front end developer to accelerate our expansion into the multichain metaverse.

Email us at info@lazy.com with the subject line “Front end dev.” Send us a code sample and we’ll be in touch!

p.s. You don’t need to be a web3 expert if your front end skills are solid.


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