Ownership & Commercial Use

i. You Own the NFT. Each CGF is an ASA on the Algorand blockchain. When you purchase a NFT, you own the underlying CGF, the Art, completely. Ownership of the NFT is mediated by the Algorand blockchain: at no point may we seize, freeze, or otherwise modify the ownership of any CGF. Once you transfer an NFT to a wallet not belonging to you, you also transfer the right to use the Art, tied to the NFT, to the owner of that wallet. This means you no longer hold the license for Personal Use or Commercial Use.

ii. Personal Use. Subject to your continued compliance with these Terms, Crazy Goose Flock 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 forthe following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase and sale of your CGF , provided that the marketplace cryptographically verifies each CGF owner’s rights to display the Art; or (iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your CGF, provided that the website/application cryptographically verifies each CGF owner’s rights to display the Art for their CGF to ensure that only the actual owner can display the Art.

iii. Commercial Use. Subject to your continued compliance with these Terms, Crazy Goose Flock grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the purchased CGF (“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. This could extend to but is not limited to (i) Selling merchandise products of your NFT art; (ii) Displaying copies of your NFT art; (iii) owning or operating a marketplace that permits the use and sale of CGFs generally, provided that the marketplace cryptographically verifies each CGF owner’s rights to display the Art for their CGF to ensure that only the actual owner can display the Art; (iv) Creating art with the inclusion of your specific CGF.