At 16:59 in the video, he says
Wrong. You effectively have "prolly nothing."Same thing with the Bored Ape Yacht Club. They offer a fairly expansive license, but again they hold the IP centrally. And you're just simply given a license. You are not buying the copyright associated with the Bored Ape cartoon that you purchased. And with Bored Ape, the license is held off-chain which means that that license might change over time. And you might never even know about it. ... If you don't have the copyright, then you effectively have nothing.
