←NFT USER RIGHTS AGREEMENT
Effective Date: Mar-12-2025
Collection Name: Phi by Onr-a
Issuer: Onr-a
Contract address: link to basescan
1. Ownership of the NFT
When you purchase an NFT from the "Phi by Onr-a", you own the unique, cryptographic token recorded on the blockchain. This token serves as proof of ownership of the associated digital artwork or content (the “NFT Artwork”).
2. Intellectual Property Rights
The original creator or Onr-a retains all intellectual property rights, including copyrights, trademarks, and moral rights, associated with the NFT Artwork. Your purchase of the NFT does not transfer any copyright ownership but grants you the limited rights outlined below.3. Permitted Uses
As an NFT holder, you are granted a non-exclusive, worldwide, royalty-free license to:
- Display & Use: You may display, share, and use the NFT Artwork for personal, non-commercial purposes, including as a profile picture, on social media, in virtual galleries, and within metaverse environments.
- Resale & Transfer: You may sell, trade, or transfer the NFT, provided that the new owner agrees to these terms.
4. Commercial Use
The NFT Artwork is strictly for personal use. Any commercial exploitation, including reproduction, merchandise, or licensing, is prohibited.5. Prohibited Uses
You may not:
- Modify, alter, or create derivative works of the NFT Artwork without explicit permission.
- Use the NFT Artwork for hate speech, violence, defamatory content, or any illegal activities.
- Misrepresent ownership or imply endorsement by the original creator.
6. Royalties & Smart Contracts
A resale royalty of 5% is automatically applied via smart contract on secondary sales. This ensures ongoing support for the artist/creator.7. Termination of Rights
If you violate these terms, your rights to the NFT Artwork may be revoked, and legal action may be taken. Ownership of the NFT token remains, but all licensed rights to use the NFT Artwork may be withdrawn.8. Updates & Amendments
The issuer reserves the right to update these terms. Any changes will be communicated to NFT holders through official channels.
By purchasing an NFT from the Phi by Onr-a, you acknowledge and agree to these terms.