“NFT” means any blockchain-tracked, non-fungible token, such as those conforming to the ERC-721 standard, issued and tradable on a blockchain
“Reference Art” (hereinafter the Art) means any art, design, and drawings that may be associated with the Original NFT.
“Rights” refers to the intellectual property rights associated to the Reference Art that are subject to this License and may associated with a License NFT
“Original NFT” refers to the NFT associated to the Reference Art, which is not regulated by this license.
“License NFT” (hereinafter the NFT) refers to the NFT associated to the Rights, that can also be sold to an Owner.
“Creator” means the person or entity who minted the Reference Art, i.e. who linked the Reference Art to an Original NFT in a blockchain and made it available to purchase in the first place.
“Owner” means the current owner of the NFT. Before the first sale of the NFT, the Owner can solely be the Creator or the owner of the Original NFT. When sold, the buyer becomes the sole Owner of the Purchased NFT. There can be several different owners of the NFT throughout time but only one Owner at a time.
“Purchased NFT” means an License NFT that the Owner owns.
“Third Party IP” means any third party patent rights (including, without limitation, patent applications and disclosures), copyrights, trademarks, know-how or any other intellectual property rights recognized in any country or jurisdiction in the world.
The Owner shall not, nor permit any third party to, do or attempt to do any of the foregoing without Creator’s express prior written consent in each case:
(i) modify the Art associated to the Purchased NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes (your use of Extensions will not constitute a prohibited modification hereunder);
(ii) use the Art associated to the Purchased NFTs to advertise, market, or sell any third party product or service;
(iii) use the Art associated to the Purchased NFTs in connection with images, videos, or other forms of media that depict hatred, intolerance, violence, cruelty, or anything else that could reasonably be found to constitute hate speech or otherwise infringe upon the rights of others;
(iv) use the Art associated to the Purchased NFTs in movies, videos, or any other forms of media, except to the limited extent that such use is expressly permitted in Section 2 above
(v) attempt to trademark, copyright, or otherwise acquire additional Rights in or to the Art associated to the Purchased NFTs;