xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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I discussed the purpose of the NFT that drifted away from its original goal.
https://medium.com/coinmonks/misconceptions-about-the-nfts-cd3d927005f9
https://medium.com/coinmonks/nft-repurpose-8cc4e50d7bd6
Luckily, a16z figured out a way to preserve the original intent of NFTs by implementing a digital license!
Let's dive in to discover how it works!
The original idea was borrowed from Creative Commons (CC). It allows creators to open up aspects of their copyrighted work to the public for sharing, remixing, and reuse beyond the default "all rights reserved" notice.
The license clearly explains what copyright can and allows sharing in the public space.
"Can't Be Evil" licenses want to achieve the same goal in NFTs.
"Can't Be Evil" licenses explicitly outline the buyer's rights regarding the artwork for their NFTs, including whether these rights are exclusive (only the buyer gets to choose how their NFT artwork is used, and the creator relinquishes all licensed rights); whether they include commercial rights (rights that allow the buyer to use their NFT for business purposes); and whether they allow the buyer to modify, adapt, and create derivatives from their purchased artwork (like changing the appearance of an artwork or using it in a different context).
But more importantly, the "Can't Be Evil" licenses provide a framework to comply with government regulations and requirements. In addition, they provide a transition into licensing and standardization without impacting the creators' additional efforts through legal processes later down the road.
There are six categories to apply for licenses in different situations that cover all exclusively and inclusively.
The key point is that they protect creators' works and buyers who have purchased the NFTs.
It is irrevocable by creators and respectful of modifications and adaptations. They support transparent sublicensing, respect for third-party content, and clarification of license ownership in the event of a loss.
Even though they are free to use, you still want to hire legal consultants to review the language to ensure the intent.
Further readings:
https://a16zcrypto.com/introducing-nft-licenses/
https://github.com/a16z/a16z-contracts
If you enjoy reading my articles, buy me a coffee here.
I discussed the purpose of the NFT that drifted away from its original goal.
https://medium.com/coinmonks/misconceptions-about-the-nfts-cd3d927005f9
https://medium.com/coinmonks/nft-repurpose-8cc4e50d7bd6
Luckily, a16z figured out a way to preserve the original intent of NFTs by implementing a digital license!
Let's dive in to discover how it works!
The original idea was borrowed from Creative Commons (CC). It allows creators to open up aspects of their copyrighted work to the public for sharing, remixing, and reuse beyond the default "all rights reserved" notice.
The license clearly explains what copyright can and allows sharing in the public space.
"Can't Be Evil" licenses want to achieve the same goal in NFTs.
"Can't Be Evil" licenses explicitly outline the buyer's rights regarding the artwork for their NFTs, including whether these rights are exclusive (only the buyer gets to choose how their NFT artwork is used, and the creator relinquishes all licensed rights); whether they include commercial rights (rights that allow the buyer to use their NFT for business purposes); and whether they allow the buyer to modify, adapt, and create derivatives from their purchased artwork (like changing the appearance of an artwork or using it in a different context).
But more importantly, the "Can't Be Evil" licenses provide a framework to comply with government regulations and requirements. In addition, they provide a transition into licensing and standardization without impacting the creators' additional efforts through legal processes later down the road.
There are six categories to apply for licenses in different situations that cover all exclusively and inclusively.
The key point is that they protect creators' works and buyers who have purchased the NFTs.
It is irrevocable by creators and respectful of modifications and adaptations. They support transparent sublicensing, respect for third-party content, and clarification of license ownership in the event of a loss.
Even though they are free to use, you still want to hire legal consultants to review the language to ensure the intent.
Further readings:
https://a16zcrypto.com/introducing-nft-licenses/
https://github.com/a16z/a16z-contracts
If you enjoy reading my articles, buy me a coffee here.
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