IP Rights
Before we start talking about IP rights, let me remind you that most of the current Private Foxes holders joined the community for one of the following reasons:
As a donation from some of my social media followers, previous students, or clients.
As a Thank-you gesture for the educational Livestream.
To get full access to our community for learning and networking.
To use some of the tools we have already developed for the community.
So the community already got what they wanted, why bother with IP rights?
I believe that If you keep giving more value to people, It will eventually get back to you in some form. That's the connection I have had with my audience for the past years. I call it the Gratitude Cycle.
Even when the audience doesn't release the value of what you are doing, you just need to keep doing it. This is a similar situation where most of the community doesn't understand IP rights or why they are important, but I know our Private Foxes brand has already two main factors:
Credibility: It took me more than 10 years to build a reputation in the online world.
Community: It's taking us some complicated structures to build a loyal, trusted, and well-educated NFT community.
So by granting IP rights, It will be much easier and quicker for our NFT holders to build their online presence whenever they are ready.
Well, the first thing I did was check out projects I hold on both ETH and SOL which claimed to grant us (the holders) the IP rights. I was shocked that none of those projects owns the right to their artwork in the first place to be granted to others. I found that it was just a marketing ploy by anonymous founders to convince people to mint their projects or to hold their NFTs, I was so stunned to find out that even some of the biggest NFT projects did the same.
Despite the disappointing realization about those NFT projects, It gave me another reason why I need to continue on this decision of granting IP rights to holders. If I did it right, then other NFT founders and also builders within our community will have a clear path on how to do it correctly.
So I spent almost 5 weeks trying to explain NFTs to branding agencies, lawyers and authorities to find a solution to approve my proposal of trademarking the whole collection. I think we were the first NFT project to have such a proposal in Turkey, that's why it took that long. But we finally got it, and I was able to announce publically that we are granting IP rights to our holders.
Private Foxes grants an exclusive, worldwide, royalty-free, sublicensable license as defined under our Digital Collectible Terms.
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