Want to use Midjourney to create an NFT?
Perhaps you’re unsure whether Midjourney’s commercial license actually allows you to create and sell NFTs with the images you create?
In this guide, you’ll learn how the Midjourney licensing terms work and whether you’re allowed to use the images for NFTs or not.
Let’s dive right in.
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Can I Legally Sell Midjourney NFTs?www.tokenizedhq.com
Here’s the answer. Great article by @ChrisHeidorn right here: https://tokenizedhq.com/midjourney-nft-license/
Can I Sell Midjourney NFTs?
The simple answer to your question is: YES!
However, as with all things in life, it depends on what sort of a user you are and under which license you created the images.
The basic gist of it is that as long as you generated the images with a paid membership, you’re good to go and can use them for any commercial use, including selling Midjourney NFTs.
However, that also means that if you’re a non-paying user then you won’t be able to use the images you create with your trial credits.
Another exception to this rule is if you’re creating the images for a business that generates more than $1 million in revenue per year.
In such cases, you’re obliged to subscribe to the Corporate plan which costs $600 per year.
Key Points (tl;dr)
- Yes, Midjourney’s license terms allow paid members to use the images for commercial purposes. That also includes NFTs.
- Whether selling NFTs and pretending to be the artist is ethical or not, is an entirely different question.
- Personally, we believe that you should only use Midjourney artwork for NFTs when the underlying value of the NFT is linked to some form of utility rather than the artwork itself.
Can I Set a Creator Royalty on Midjourney NFTs?
If you’re familiar with NFTs then you probably know that one of the most compelling aspects of NFTs is the creator royalty.
When a creator royalty is set, the original artist receives a royalty every time the NFT is sold to another person.
This royalty is usually somewhere between 0% and 10% of the transaction volume.
If your NFT is successful and changes hands a lot then these royalties can really add up.
Considering that you’re not the actual “artist” does beg the question of whether you’re allowed to charge a royalty.
But what exactly is an NFT anyway?
Is it the artwork or is it simply the immutable entry on the blockchain?
Well, for all intents and purposes, Midjourney doesn’t really care.
Should I Use Midjourney Artwork for NFTs?
This is a deeply ethical question and it pretty much depends on what you feel comfortable with.
We’re going to give you our personal opinion on this but it’s really up to you to decide.
If you’re planning to sell a bunch of NFTs as part of a product or membership, then the NFTs are primarily a means to an end.
The NFTs are basically keys or membership cards.
In such cases, the artwork of the NFTs tends to be the same for each and every token in the collection, with the exception of a few 1/1s or special NFTs.
In other words, the artwork is a bit like the cover of an album or book.
Since the NFT’s value lies primarily in its utility, we really don’t see any problem in selling these types of Midjourney NFTs.
However, if you’re planning to create a social media account and pretend to be an artist that’s selling his artwork as NFTs, then it’s a different story.
But most people who plan to sell Midjourney NFTs purely as “artwork” have no intention of providing any sort of utility.
They’re trying to make an easy buck.
And with all due respect, we don’t think that’s a good idea.
Frequently Asked Questions (FAQ)
Before we close off this guide, let’s quickly address some of the most common questions related to Midjourney NFTs.
Are we allowed to create NFTs from Midjourney artwork?
Yes, despite what many people think, the Midjourney license allows paid members to use the images they create in NFTs. This falls under commercial use.
Can I create NFTs from images created by other Midjourney users?
First of all, in order to be able to create NFTs from Midjourney art, you must be a paid member. If you plan to use someone else images for your NFT, we strongly recommend that you use the image to remix it or create your own variation of it.
There’s been a lot of controversial debate around the legal implications of AI art for copyright, trademarks, and intellectual property as a whole.
But creating an NFT from an AI-generated work of art takes it to a whole nother level.
Luckily, the terms between you and Midjourney are quite clear and as long as you have a paid membership, you’re allowed to create as many Midjourney NFTs as you like.
Here at Tokenized, we want to help you learn as much as possible about the AI software industry. We help you navigate the world of tech and the digitalization of our society at large, including the tokenization of assets and services.