@bugcom447175004.base.eth
r: It’s unclear, and that might be a problem for Larva Labs, but might also be an opportunity.
Larva Labs’s CryptoPunks NFTs are iconic. Created in 2017, they were among the first NFTs on
the Ethereum blockchain. Four years later, they are among the most valuable, selling for
anywhere from $200,000 to millions of dollars.
The CryptoPunks collection consists of 10,000 NFTs, each of which is associated with a unique
CryptoPunks image. Everyone knows who owns each CryptoPunks NFT. The Ethereum
blockchain provides indelible proof. But people disagree about who owns - and who should own
- the copyright in the CryptoPunks images. Most CryptoPunks NFT owners believe they should
own the copyright in the image associated with their NFT, or at least have the right to use it.
Larva Labs believes it owns the copyright in all of the images, and entered a licensing deal with
United Talent Agency based on its ownership of the CryptoPunks brand and copyrights.
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