Animoca Brands has always been a supporter of NFT creator royalties. Royalties for NFT creators are essential to a decentralized and democratic ecosystem, ensuring fair distribution of value to contributors or creators, which in turn supports value creation across all NFT commons. We believe that royalties are a critical part of the Web3 ethos.
As a result, Animoca Brands is introducing a set of 3 NFT licenses that require the payment of creator royalties as a condition for receiving licenses to that NFTs art and utility. These NFT licenses are accessible to all under a creative commons license.
Personal use only licence
This license only allows for personal use.
Permitted commercial use licence
This licence allows for commercial use up to a predetermined annual monetary limit.
Unlimited use licence
This licence allows for unlimited personal use and no monetary limit on the commercial use.
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