License

  1. By purchasing a Cardano Mass.ai” NFT either directly from Cardano Mass.ai or on the secondary market, you are the owner of that applicable NFT (the “User Owned NFT”).
  2. Subject to compliance with all other relevant terms and conditions, for as long as you own the User Owned NFT, Cardano Mass.ai grants you a limited, personal, non-exclusive, non-sublicensable, worldwide license under any copyright owned by Cardano Mass.ai to: (1) copy and modify the User Owned NFT (“Derivative NFT”) for non-commercial, personal use; and (2) display and perform the User Owned NFT and/or Derivative NFT for non- commercial, personal use.
  3. Additionally, for as long as you own the User Owned NFT, Cardano Mass.ai grants you a limited, personal, non-exclusive, worldwide license under any copyright owned by the Cardano Mass.ai over that particular User Owned NFT to: (1) copy the User Owned NFT and/or Derivative NFT on to physical merchandise or digital collectables (“Licensed Merchandise”); (2) copy, display and perform the User Owned NFT and/or Derivative NFT for purposes of promoting and marketing the Licensed Merchandise, and (3) distribute the copies of User Owned NFT and/or Derivative NFT printed on the Licensed Merchandise in connection with the sale of the Licensed Merchandise, including doing any of the foregoing for commercial purposes up to the dollar limitations set forth herein.
    a. Nothing in this license allows for the use of Cardano Mass.ai trademark, logo, or any Cardano Mass.ai intellectual property other than the copyright rights explicitly licensed herein. Licensees are explicitly prohibited from using the Cardano Mass.ai name in a way which may create confusion, mistake or deception about source or origin of the Licensed Merchandise.
  4. “Total Proceeds” shall mean gross revenue without any deductions. In no event may the Total Proceeds for all Licensed Merchandise for any single User Owned NFT and/or its Derivative NFT(s) exceed One Million US Dollars ($1,000,000) in aggregate during any calendar year (January 1-December 31). Once Total Proceeds has reached $1,000,000, or is expected to reach $1,000,000 in any calendar year, you must notify Cardano Mass.ai and all sales or other distribution of Licensed Merchandise and any sales in excess of $1,000,000 must cease unless you and Cardano Mass.ai have agreed in writing to the terms that will govern any future sales. Tracking and recording of Total Proceeds for the purpose of these dollar limitations will be done using generally accepted accounting principles. You will make such records available to Cardano Mass.ai or its designee from time to time upon request of Cardano Mass.ai for purposes of verifying your compliance with these Terms.
  5. You will indemnify and hold harmless, and at Cardano Mass.ai’s request defend, Cardano Mass.ai from and against any and all claims, demands, liabilities, damages, penalties, fines, taxes, costs and expenses (including without limitation reasonable attorneys’ fees and court costs) arising out of or in connection with (a) any breach of these Terms or unauthorised use of any Cardano Mass.ai-Owned Content, or (b) the design, manufacture, sale or other distribution or disposal of any Licensed Merchandise.

     

RESERVATION OF RIGHTS

  1. Cardano Mass.ai reserves the right to modify these Terms at any time. Cardano Mass.ai may freely transfer, assign, or delegate these Terms in whole or in part, without your prior written consent. The failure of Cardano Mass.ai to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. Except as otherwise provided herein, these Terms are intended solely for the benefit of the parties and are not intended to confer third-party beneficiary rights upon any other person or entity.
  2. Nothing in these Terms shall prohibit Cardano Mass.ai from granting any licenses on any Cardano Mass.ai owned intellectual property, including but not limited to any User Owned NFT, to any third-parties under separate terms and conditions.

Simply explained

 

This license allows any Cardano Mass.ai NFT owner to commercialise their Cardano Mass.ai in pretty much any way they see fit. Whether that be creating T-shirts or apparel, a comic book, derivative art, etc. There are only two major exceptions. (1) if the commercialised products make or are expected to make over $1 million a year, that owner must reach a side agreement with the Cardano Mass.ai to ensure the Cardano Mass.ai vision is protected from outside large corporate cooption, and (2) you must be clear as to who is creating the product and not imply or suggest the originators of the Licensed Merchandise is the Cardano Mass.ai team. That is it. It is not only permitted, but it is encouraged to team up with other Cardano Mass.ai owners to create joint projects which utilise a group of the Cardano Mass.ai images. The team does not want this to be limited to your profile picture, and wants you to seek every opportunity to profit off your Cardano Mass.ai NFT holdings and expand the Cardano Mass.ai brand.

Real World Example

Examples of What is Permitted Under License

  • Setting up a marketplace to sell T-shirts with your Cardano Mass.ai on the shirts. Or selling those shirts in bulk to a major retailer to sell.
  • Creating a comic book with other Cardano Mass.ai owners.
  • Creating and selling derivative art using your owned Cardano Mass.ai as the starting piece.
  • Sublicensing your Cardano Mass.ai to others to use (so long as the sub-licensor does not exceed the $1 million a year threshold).

Examples of What is Not Permitted Under License

  • Selling over $1 million in merchandise in a year without approval of Cardano Mass.ai team.
  • Sublicensing to a major corporation like Facebook (Meta) and letting Facebook (Meta) sell over $1 million in merchandise a year without approval of Cardano Mass.ai team team.
  • Creating products which feature the Cardano Mass.ai name in a way which would make the average consumer believe the team created or is associated with the sale of that product.
  • Using a Cardano Mass.ai image which you do not own without consent of the actual owner.