Prepare to be entertained with one of the crypto generation’s most ridiculous stories: Oz from Buffy the Vampire Slayer. People are debating if Buffy the Vampire Slayer has the rights to the monkey’s picture, which he was planning to use as a character in a new TV program. We commend your ability to entirely avoid the part of the Internet where mature people boast about holding a token that verifies they own a JPG of a monkey if that statement didn’t make sense to you. Let’s go through everything again.
Seth Green stated on Twitter earlier this month that some of his Bored Ape NFTs had been stolen. He noticed that “DarkWing84,” a Twitter user, had purchased the NFT and inquired if they might meet. The issue, he explained, is that he mistakenly believed he was “minting GutterCat clones,” despite the fact that the “phishing URL seemed clean.” If that statement doesn’t make sense to you, I recommend leaving it that way to avoid falling into an NFT rabbit hole with no way out.
The significant point, according to certain speculators and news sources, is that the intellectual property rights associated with the NFT may have been stolen as well. Purchasers of the Bored Ape NFTs Green purchased are given a wide agreement that allows them intellectual property rights as well as the ability to create derivative works of art. This might cause issues for Seth Green’s TV program, which is based on one of the Bored Apes he bought.
In an interview, Green said, “I acquired that monkey in July 2021, and have spent the last few months cultivating and marketing the IP to make it into the hero of this program.” “Then, days before he’s supposed to make his international premiere – his name is Fred, by the way – he’s physically abducted.” If this is the case, it follows that when the Ape’s thief seized it, they also took the property rights, similar to how winning a wand in fight in Harry Potter grants you possession of the wand. They may sue Green for intellectual property theft for the TV program if they have the intellectual property rights. Is it possible, as crazy as it may sound, that they might win? In a nutshell, no.
Preston Byrne, a tech lawyer at Anderson Kill, remarked on Twitter, “Nemo dat quod non habet.” “Neither the thief nor anybody who buys Seth Green’s IP from such thief with notice gets proper ownership of it.” For better or worse, Seth Green’s program, which is based on a now-kidnapped photo of a monkey, may be permitted to continue.