'Code is not law': Seth Green thief stole Bored Apes, not the rights say experts

that “When you purchase an NFT, you own the underlying Bored Ape, the Art, completely.” Some believe this means that even if the NFT is bought from a thief, the usage rights transfer to the new owner.

Green has a TV show called White Horse Tavern in development which features the Bored Ape in question so if this interpretation is correct he may not be able to move forward with the show because he’s lost the commercial usage rights. A for the show debuted on May 21 at the VeeCon NFT conference in Minneapolis, but the launch date is unknown.Buzzfeed News on May 25 that buyers are usually legally protected if they unwittingly buy a stolen item and Coin Center communications director Neeraj K. Agrawal suggested that Green could get sued if he still uses the BAYC in his show.

i’m hardly an IP expert but my understanding of the ape system is yes this is within the new holder’s rightsBut the Head of Policy at The Blockchain Association Jake Chervinsky said this interpretation is incorrect and a court would likely rule in favor of Green retaining the legal rights to the BAYC’s image, adding “In other words, code is not law.”

If Seth can prove the NFT was stolen, it's very unlikely a court would just throw up its hands & say "oh well, the thief gets the legal rights too"

Imagine Google charging everyone for googling?! Insane, ha?!! So why choosing any other blockchain Oracle over portusnetwork?CyberSecurity CryptoNews 100DaysOfCode a11y Python smartcontracts javascript programming devops ai More info:

Who’s going to stop him? Is the thief going to sue him?

$HAPI will have NFT tracking in Q3 ‘22 to help mitigate NFT thefts

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Actor Seth Green is on Twitter trying to reclaim a stolen Bored ApeActor Seth Green's Bored Ape was stolen just weeks before the launch of his new show featuring the Ape. Green, who may have lost commercial rights to the Ape, is now attempting to get it back. Anu__Dave Anu__Dave We all know who did it... 🙃
Source: TheBlock__ - 🏆 464. / 53 Read more »

Morocco Is A Green Leader & Might Get EU Hydrogen Balance RightWhy should Morocco to take renewable electricity, make hydrogen and ship it to Europe so that the EU can achieve climate emissions reductions?
Source: cleantechnica - 🏆 565. / 51 Read more »

Caldo Verde (Portuguese Potato and Collard Green Soup With Chouriço)Caldo verde is a simple Portuguese potato soup, enlivened with vibrant slivers of collard greens and slices of spicy chouriço sausage. *Portuguese Interested!
Source: SAVEURMAG - 🏆 115. / 63 Read more »

Curry, Green slam NBA ref Marc Davis over bad Game 3 callsCurry and Green criticized Marc Davis by name during and after the Game 3 win.
Source: SFGate - 🏆 534. / 51 Read more »

Ebay announces partnership for green NFT collectionEbay Inc. undefined announced the launch of the Genesis collection of NFTs on Monday, which will include 3D and animated versions of athletes featured on the...
Source: MarketWatch - 🏆 3. / 97 Read more »

This Green Smoothie Has 3 Ingredients Hand-Picked To Support Your Immune SystemThis green smoothie recipe includes two fresh ingredients to help support your immune system—something we're all prioritizing right now. 🥝
Source: mindbodygreen - 🏆 296. / 63 Read more »