Terms and Conditions
The W3 Studio Premium Membership Pass is a collection of digital artworks (the “NFTs”) running on the Ethereum network. This website is only an interface allowing participants to exchange digital collectibles. Users are entirely responsible for the safety and management of their own private Ethereum wallets and validating all transactions and contracts generated by this website before approval. Furthermore, as the W3 Studio Premium Membership Pass smart contract runs on the Ethereum network, there is no ability to undo, reverse, or restore any transactions.
This website and its connected services are provided “as is” and “as available” without warranty of any kind. By using this website, you are accepting sole responsibility for any and all transactions involving W3 Studio Premium Membership Passes.
OWNERSHIP
i. You Own the NFT. Each W3 Studio Premium Membership Passes is an NFT on the Ethereum blockchain. When you purchase an NFT, you own the underlying W3 Studio Premium Membership Pass and the art on that NFT (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 W3 Studio Premium Membership Passes.
ii. Personal Use. Subject to your continued compliance with these Terms, W3 Equality 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 NFT, provided that the marketplace cryptographically verifies each owner’s rights to display the Art for their NFT 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 NFT, provided that the website/application cryptographically verifies each NFT owner’s rights to display the Art for their NFT 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 NFT leaves the website/application.
iii. Commercial Use. Subject to your continued compliance with these Terms, W3 Equality 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 NFTs generally, provided that the marketplace cryptographically verifies each owner’s rights to display the Art for their NFT 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 owner’s rights to display the Art for their NFT 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; or (iii) earning revenue from any of the foregoing.
iv. Restrictions. You agree not to use the Art associated with 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.
v. Term of License. The license granted herein applies only to the extent that you continue to own the applicable NFT. If at any time you sell, trade, donate, give away, or otherwise transfer ownership of your NFT for any reason, the license granted herein will immediately be transferred to the new owner with respect to that NFT without the requirement of notice, and you will have no further rights in or to the Art associated with that NFT.