Quoted

June 8th, 2022

Seth Green’s Stolen ‘Bored Ape’ Muddles NFT Legal Ownership

Blockchain Technology Practice Group Co-Chair Jeremy S. Goldman is quoted in the article, “Seth Green’s Stolen ‘Bored Ape’ Muddles NFT Legal Ownership” published by Bloomberg Law. The article details the theft of actor Seth Green’s “Bored Ape” non-fungible token which sparked a debate around copyright and ownership of the popular digital assets, Bored Ape Yacht Club and their licensing structure. Jeremy is quoted saying, “That’s what was kind of amazing about the Bored Ape Yacht Club is they gave these very valuable assets. They gave the community the rights to go and make stuff and to license it for various purposes, wherever they wanted.”

Jeremy says posing a hypothetical, “Let’s say it’s not even stolen, Seth sells the ape to somebody else, what happens to that sublicense? The Yuga Labs license is silent as to what happens in that situation. He adds, “There’s kind of no way to say that when Seth sells that or it gets stolen from him, does the next person take it subject to whatever licenses had been entered before.”

Read the full article here.