NFT License

Pink potion beaker

As a CryptoMonster Lab NFT owner, you have the right to copy, display, remix, and do other creative things with the character linked to your NFT, with minimal restrictions. Under this license, you can incorporate your NFT character into physical objects, write fan fiction, and even form creative DAOs. Share your creations with us, we’d love to hear about what you are building!

The license does not give you ownership of the underlying art, brand, or other intellectual property associated with project/publisher organization. Also, while your license is broad and subject to few limitations, you cannot use your NFT character(s) for economic activity that generates more than $50,000 in revenue per 12 months. If you want to engage in this sort of activity, we’re all ears, but please contact us about a commercial license. Finally, you are not allowed to do bad things with your NFT -- illegal, racist, sexist, or homophobic stuff, for example.

The General NFT License below is a legally binding agreement between you and us, so please review this document carefully before deciding whether to acquire a CryptoMonster Lab NFT.

CryptoMonster Lab NFT License

The CryptoMonster Lab NFT License (the “License”) states the terms and conditions governing each CryptoMonster Lab NFT that is offered, sold, or transferred to any person (which may be an individual or an entity). If you sell, purchase, transfer, or acquire a CryptoMonster Lab NFT, you agree to be bound by the terms of this License.

1. Definitions

“Art” means any art, design, drawing, fictional character, illustration, image, vector, video, 3D asset, template asset, or other pictorial or graphic work associated with the CryptoMonster Lab NFT.

“Economic Activity” means any activity engaged in to obtain income, regardless of whether or not the activity is aimed at making a profit.

“CryptoMonster Lab NFT” means the NFT created or issued on the web site (“we” or “us”) or minted directly via smart contract that is linked via metadata with specific Art, including but not limited to a specific visual character.

“NFT” means an Ethereum-based non-fungible token complying with the ERC-721 standard, ERC-1155 standard, or other similar non-fungible token standard.

2. Intellectual Property Ownership

  1. You own a CryptoMonster Lab NFT if your ownership of the CryptoMonster Lab NFT is cryptographically verified on the Ethereum blockchain. As a CryptoMonster Lab NFT owner, you own the non-fungible token—i.e., the digital token recorded on the blockchain—but you do not own the Art associated with the token.
  2. You acknowledge and agree that we own all legal right, title, and interest in and to all elements of the Art. You acknowledge that the Art is protected by, as applicable, copyright, patent, or trademark laws or other relevant intellectual property and proprietary rights.
  3. You do not have a right to use any trademarks or logos owned by us.

3. Your License

  1. If you own a CryptoMonster Lab NFT, then we grant you a personal, non-sublicensable, non-exclusive, license to use, copy, display, modify, and create derivative works from the Art, subject to the limitation described in Section 3.2 below.
  2. You may exercise your license set forth in Section 3.1 so long as your use of the Art does not result in Economic Activity that generates more than fifty thousand US dollars ($50,000) in revenue or sales over a 12-month span. If you generate more than $50,000 of revenue or sales through such Economic Activity over a 12-month span, then you must enter a commercial license with us to use the Art for this activity.

4. Transferring Your NFT

You may sell or transfer your CryptoMonster Lab NFT, and upon such sale or transfer, your entire license to the Art and any associated rights will transfer to the new owner. The new owner will enjoy the license and any associated rights described in Section 3 above, provided that the new owner’s ownership of the CryptoMonster Lab NFT is cryptographically verifiable on the Ethereum blockchain.

5. Restrictions

You agree to not use the Art in any way that is unlawful, pornographic, defamatory, abusive, harassing, obscene, libelous, harmful to minors, racist, sexist, homophobic, or otherwise objectionable to a reasonable person.

NFT License template provided by BLOCK::BLOCK
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