Are there any risks or drawbacks associated with using CC0 in NFT transactions?

3 answers

• Nov 26, 2021 · 3 years ago
  Using CC0 in NFT transactions can have some risks and drawbacks. One potential risk is the lack of legal protection for the creator of the NFT. Since CC0 allows for the complete waiver of copyright, the creator may not have any control over how their work is used or monetized. This can lead to potential copyright infringement or unauthorized commercial use of the NFT. Additionally, since CC0 allows for the work to be used for any purpose, there is a risk that the NFT may be associated with controversial or objectionable content, which can damage the reputation of the creator or the NFT itself.
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• Nov 26, 2021 · 3 years ago
  There is also a risk of intellectual property disputes when using CC0 in NFT transactions. Since CC0 essentially releases the work into the public domain, anyone can claim ownership or create derivative works without the need for permission or attribution. This can lead to conflicts over ownership and potential legal battles. It's important for creators to carefully consider the potential risks and drawbacks before using CC0 in NFT transactions.
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• Nov 26, 2021 · 3 years ago
  From BYDFi's perspective, while CC0 can provide certain benefits in terms of accessibility and freedom, there are also risks associated with using CC0 in NFT transactions. It's important for users to be aware of the potential legal and reputational risks involved and to make informed decisions when using CC0 in NFT transactions. It's always a good idea to consult with legal professionals and consider alternative licensing options to mitigate these risks.
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