We recently released the Nifty License to help define the rights of both owners of ERC-721 non-fungible tokens (NFTs) as well as artists and creators working with NFTs. The Nifty License is designed to balance two concerns: protecting the hard work and ingenuity of creators while granting users the freedom and flexibility to fully enjoy their non-fungible tokens. Any cryptocollectibles project can use it.
Extensibility and collaboration are exciting and powerful aspects of decentralization. The Nifty License empowers both, so creators can make their assets smarter and communities can shape their own experiences.
The Nifty License is just the beginning of a vital long-term conversation about what it means to own non-fungible tokens. We hope the community will use it as a starting point to come together and shape the future of NFT ownership. It’s a work in progress, and we’re eager for feedback on improving it.
The Nifty License enables users to bring the art associated with their NFTs into games, tools, and experiences built on top of established platforms. You always own your NFTs; we designed this license to help you do more with their art.
Any cryptocollectibles project can use the Nifty License to empower independent projects in pursuit of a thriving, sustainable developer ecosystem.
For NFT owners:
For NFT creators:
For service providers:
Traditionally artists and creators have had two options. They could either open source their work and relinquish all rights to it, or they could copyright it, locking down their rights but severely restricting its reach. The Nifty License offers a more practical middle ground.
We hope the Nifty License provides a framework for blockchain developers to establish sustainable businesses and offer them a secure path to monetization, much like the App Store did for early third-party developers. By abiding by the guidelines of the License, cryptocollectible projects are free to leverage the artwork associated with NFTs.
We don’t know exactly what the future looks like, but we know everyone should have a say in it. The Nifty License is a first step in determining what it will mean to own digital assets in the years ahead. We hope it will help spark new ideas, new businesses, and new ways of thinking.