Licensing Models of CryptoPunks and Bored Ape Yacht Club (BAYC)


CryptoPunks License

The CryptoPunks license, particularly after the Yuga acquisition, showcases a unique licensing model within the NFT space. It is known for its permissiveness, especially in the realm of commercial use. Here are some key aspects of the CryptoPunks license:

– Permissive Use: The license allows both personal and commercial use of the CryptoPunk NFT itself, even for creating derivative works.

– Component Elements Excluded: However, it’s important to note that the license does not grant rights to use the individual component elements of the punks, such as hoodies or nerd glasses.

– Trademark Exclusions: The license does not provide any rights in the Yuga CryptoPunk trademarks.

– Trademark Registration: Interestingly, it allows CryptoPunk holders to register trademarks related to their specific punk.

– Sub-Licenses and Derivatives: While sub-licenses and derivatives created during the period of someone holding the punk can continue, the right to grant additional sub-licenses or derivatives after the sale of the punk is terminated.

– Content Restrictions: The CryptoPunks license prohibits hate speech, sanctions violations, and related matters.

You can find the full license document on the [CryptoPunks License Terms page](


Bored Ape Yacht Club License (BAYC)

In contrast, the original Bored Ape Yacht Club license takes a simpler approach. It appears to aim at transferring copyright on-chain, which is a departure from the more complex CryptoPunks license. The CryptoPunks license, on the other hand, aligns its rights structure with traditional IP license practices.

Understanding the distinctions between these licenses is essential for both creators and collectors in the NFT ecosystem.

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