The world is changing and commercial licenses are also evolving as the world of decentralization and blochchain are taking on a more relevant role. If you want to know all about how CC0 has come to be disruptive in this field and change the business model of thousands of companies you can’t miss this article
Today we have seen the appearance of a new Noun Star with the iconic red noggles and a Teal Light T-shirt with “LOL” written on it. If you like the Noun 568 be quick to bid, they say there are some very fleeting stars.
Today we have decided to save a Noun Laptop with yellow noggles blue sky t-shirt and grease for the t-shirt. Don’t miss the opportunity to get one and help The Noun Square with its activity!
THE FUTURE IS CC0
Valko is an experienced professional in the Web3 industry with a diverse background in consulting, securities, and operations. He is the founder of V3 Consulting, which helps creators in the NFT, crypto, and DeFi space, and also works at PunksDen, where he supports projects in the Web3 ecosystem. Valko has held various leadership roles, including Chief of Staff at yat Labs and Capella Securities, Advisor at Parachute Bridge Year, board member for APERIO, and Investment Principal at Delek US Holdings. Before entering the Web3 industry, Valko received a double bachelor’s degree in Music from Berklee College of Music and completed a program in Private Wealth Management at The Wharton School. He currently serves as a Securities Principal at Capella Securities.
Today we were able to learn more about his vision for the future of NFT project funding and CC0 as the only blockchain compatible.
Nouns DAO has found the best funding system?
Nouns DAO has introduced a novel approach to generating recurring revenue from NFT projects. This is a timely development, as concerns have been raised about the sustainability of relying on royalties. Many projects struggle to secure additional funding once their initial launch is complete, often resorting to large-scale NFT drops to raise capital. Nouns DAO, however, has managed to consistently sell its NFTs for daily amounts ranging from 30 to 80 ETH, maintaining an engaged community and driving excitement within the ecosystem.
What is Web3 and what are its pillars?
Web3 is a decentralized, permissionless, and trustless system that aims to eliminate central points of failure and control. It has three pillars: decentralization, permissionlessness, and trustlessness.
What are commercial rights and how do they work?
Commercial rights are the ways in which an asset can be used for commercial purposes. They are specified in the contract the asset was created under and often come with limitations and restrictions on how the work can be used, distributed, and by whom. These rules are set and managed by the creator or a third party, and depend on the legal system for enforcement.
Why do commercial rights go against the Web3 ethos?
Commercial rights go against the Web3 ethos because they rely on centralized authority and the legal system, and require trust in third parties. They are centralized in two ways: the creator or party that manages the limitations and restrictions, and the legal system that enforces them. This goes against the principles of decentralization, permissionlessness, and trustlessness that define Web3.
What is an alternative to commercial rights?
An alternative to commercial rights is Creative Commons Zero (CC0), which is a public domain dedication that allows creators to waive all copyrights and related rights to their works. CC0 allows anyone to use, modify, and distribute works without permission or attribution, and is more aligned with the Web3 ethos because it does not rely on centralized authority or the legal system for enforcement.
What is the ultimate goal of the blockchain and how does it relate to commercial rights?
The ultimate goal of the blockchain is to restore power to the people, and commercial rights may not be fully compatible with this goal. Commercial rights often keep power with the government, banks, and large corporations, while the blockchain aims to decentralize power and eliminate the need for trust in third parties.
In conclusion, CC0 allows anyone to use, modify, and distribute works without permission or attribution, and does not rely on centralized authority or the legal system for enforcement. This makes it a more decentralized and trustless alternative to commercial rights, which rely on the legal system and require trust in third parties. By embracing CC0, we can truly empower the people and achieve the goal of the blockchain: to restore power to the masses and eliminate the need for trust in centralized authority.
If you want to learn more about CC0 we leave you the thread made by Valko explaining its great potential in detail.
00:00 – 05:00 Introduction
05:00 – 20:00 Start the interview with Valko
20:00 – 26:30 What is Punks Den?
26:30 – 27:20 Prop House x Punks?
27:20 – 29:00 Why Valko has joined Nouns DAO
29:00 – 33:00 The Nouns DAO funding system
33:00 – 35:00 The problem of Commercial Rights
35:00 – 37:30 The problem of relying on the Legal System
37:30 – 43:00 Are Commercial Rights incompatible with Blockchain?
43:00 – 46:50 The transition from web 2 to web 3
46:50 – 57:30 FOMO
57:30 – 1:04:00 NOMO
1:04:00 -1:09:00 Meet 0xhoon, the new Nouner
1:09:00 – 1:11:00 Schedule The Noun Square
1:11:00 – 1:20:00 Nouns DAO X NFT Toronto
1:20:00 – 1:26:49 End of Program