1. Definition.
“Art” means any art, design, and drawings that may be associated with an NFT that you are the Owner from.
"NFT" means any blockchain or DLT (Distributed Ledger Technology)-tracked, non-fungible token, such as those conforming to the Radix DLT standard.
“Own” means, with respect to an NFT, an NFT that you have purchased or otherwise rightfully acquired from a legitimate source, where proof of
such purchase is recorded on the relevant blockchain.
“Extensions” means third party designs that:
(i) are intended for use as extensions or overlays to the Art,
(ii) do not modify the underlying Art,
and
(iii) can be removed at any time without affecting the underlying Art.
“Purchased NFT” means an NFT that you Own.
“Third Party IP” means any third party patent rights (including, without limitation, patent applications and disclosures),
copyrights, trade secrets, trademarks, know-how or any other intellectual property rights recognized in any country or jurisdiction in the world.
2. Ownership.
You acknowledge and agree that Pyros World LLC (or, as applicable, its licensors) owns all legal right, title and interest in and to the Art, and all intellectual property rights therein. The rights that you have in and to the Art are limited to those described in this License. Pyros World LLC (hereinafter for simplicity and better readability referred to as Pyros World) reserves all rights in and to the Art not expressly granted to you in this License.
3. License.
a. General Use. Subject to your continued compliance with the terms of this License Pyros World LLC grants you a worldwide, non-exclusive, non-transferable, royalty-free license to use, copy, and display the Art for your Purchased NFTs, along with any Extensions that you choose to create or use, solely for the following purposes:
(i) for your own personal, non-commercial use;
(ii) as part of a marketplace that permits the purchase and sale of your NFTs, provided that the marketplace cryptographically verifies
each NFT owner’s rights to display the Art for their Purchased NFTs to ensure that only the actual owner can display the Art; or
(iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your NFTs,
provided that the website/application cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs
to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner of the Purchased NFT
leaves the website/application.
b. Commercial Use. Subject to your continued compliance with the terms of this License Pyros World grants you a limited, worldwide, non-exclusive, non-transferable license to use, copy, and display the Art for your Purchased NFTs for the purpose of commercializing your own merchandise that includes, contains, or consists of the Art for your Purchased NFTs (“Commercial Use”).
For the sake of clarity, nothing in this Section 3.b will be deemed to restrict you from
(i) owning or operating a marketplace that permits the use and sale of NFTs generally, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs to ensure that only the actual owner can display the Art;
(ii) owning or operating a third party website or application that permits the inclusion, involvement, or participation of NFTs generally, provided that the third party website or application cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner of the Purchased NFT leaves the website/application;
4. Restrictions.
You agree that you may not, nor permit any third party to do or attempt to do any of the foregoing without Pyros World's’s express prior written consent in each case:
(i) modify the Art for your 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 for your 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;
(iii) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Art for your Purchased NFTs;
The restriction in Section 4 will survive the expiration or termination of this License.
5. Terms of License.
The license granted in Section 3 above applies only to the extent that you continue to Own the applicable Purchased NFT. If at any time you sell, trade, donate, give away, transfer, or otherwise dispose of your Purchased NFT for any reason, the license granted in Section 3 will immediately expire with respect to those NFTs without the requirement of notice, and you will have no further rights in or to the Art for those NFTs.
If you exceed the scope of the license you acknowledge and agree that the Creator may immediately terminate this License, without the requirement of notice.