According to news on February 1, Jeremy Goldman, a long-term copyright and intellectual property lawyer who has worked closely with multiple NFT projects, issued an article explaining whether Yuga Labs’ grant of IP licenses to holders is valid.
Goldman said that, first of all, Yuga Labs owns the copyright of BAYC, which automatically arises when an original work is fixed in a tangible medium of expression, including digital art stored in computer memory, whether it is administratively registered or not.
Secondly, Yuga Labs owns the copyright of digital artworks related to BAYC NFT, and has the right to grant BAYC NFT holders ownership of digital artworks and licenses to use artworks for commercial and other purposes.