NFT Rights & Ownership

NFT Rights & Ownership -

  1. 1.
    You Own the NFT.
    1. 1.
      Each Crypto Unicorn is an NFT on the Ethereum blockchain. When you purchase an NFT, you own the underlying Crypto Unicorn, the Art, completely. Ownership of the NFT is mediated entirely by the Smart Contract and the Ethereum Network: at no point may we seize, freeze, or otherwise modify the ownership of any Crypto Unicorn.
  2. 2.
    Personal Use.
    1. 1.
      Subject to your continued compliance with these Terms, Laguna Games, Inc. grants you a worldwide, royalty-free license to use, copy, and display the purchased Art, 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 Crypto Unicorn / NFT, provided that the marketplace cryptographically verifies each Crypto Unicorn owner’s rights to display the Art for their Crypto Unicorn 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 Crypto Unicorn, provided that the website/application cryptographically verifies each Crypto Unicorn owner’s rights to display the Art for their Crypto Unicorn 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 Crypto Unicorn leaves the website/application.
  3. 3.
    Commercial Use.
    1. 1.
      Subject to your continued compliance with these Terms, Laguna Games, Inc. grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”). Examples of such Commercial Use would e.g. be the use of the Art to produce and sell merchandise products (T-Shirts etc.) displaying copies of the Art. For the sake of clarity, nothing in this Section will be deemed to restrict you from (i) owning or operating a marketplace that permits the use and sale of Crypto Unicorns generally, provided that the marketplace cryptographically verifies each Crypto Unicorn owner’s rights to display the Art for their Crypto Unicorn 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 Crypto Unicorns generally, provided that the third party website or application cryptographically verifies each Crypto Unicorn
Last modified 10mo ago
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