Deciphering the Metaverse: The rising tide of CC0

Over the last year, a pivotal moment for the crypto industry at large has been the rise of NFTs, appearing on the horizon as a guiding North Star while dictating the market’s prevailing narrative. Although there has not been a single silver bullet that legitimized NFTs, the sudden surge of interest for early NFT collections opened the floodgates to an unprecedented influx of projects, slowly inching the space closer into the public’s eye. As an increasing number of artists, investors, traders, and corporations tasted the forbidden fruit, a gradual legitimization of NFTs took root, catapulting the space into the epicenter of much debate.

Throughout history, the advent of bleeding-edge technological innovation lured pioneers brave enough to dive headfirst into experimenting with the technology, sometimes amassing great fortunes along the way. Equally, this mobilization of enormous amounts of capital also attracted malicious actors willing to enrich themselves by robbing successful market participants.