Seth Green, the American actor, who was robbed of a Bored Ape NFT that was meant to star in an upcoming TV show, could proceed with the planned show despite the controversy around the intellectual property (IP) license of the stolen Ape.
According to blockchain transactions, the Bored Ape was sold for over USD 200,000 by the hacker to a pseudonymous collector known as “DarkWing84,” and the Mutant Ape for USD 42,200. The Bored Ape has since been transferred to a collection called “GBE_Vault,” which is where it currently sits.
"When you purchase an NFT, you own the underlying Bored Ape, the art, completely," Yuga Labs
says on the Bored Ape website.
Since Green is not the holder of the Bored Ape currently, he theoretically does not hold the IP license for the NFT and thus can't go forward with the NFT-themed show.
However, addressing the allegations about what the stolen ape means for the future of his show, Green said that a buyer "who purchased stolen art with real money and refuses to return it is not legally entitled to exploitation usage of the underlying IP."
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