Thank you for being a part of the Only Wolves community! We have prepared these Only Wolves NFT License Terms (“Terms”) to explain what rights the lawful owner of an Only Wolves NFT (defined below) has in the unique image of the Only Wolves associated with their Only Wolves (“NFT Art”). “Only Wolves NFT” means an Only Wolves-branded or themed non-fungible token (“NFT”) created by Only Music NFT. (“Creator” or “we” or “our” or “us”). These Terms are intended to promote consistency, cohesiveness, and quality in communications, products, and experiences associated with Only Wolves. By purchasing or acquiring an Only Wolves NFT, you agree to these Terms.
1. You Own the Only Wolves NFT and that Ownership Gives You Important Rights in the NFT Art for Your Only Wolves NFT
1.1 Only Wolves NFT
When you lawfully acquire an Only Wolves NFT, you own the actual token of the Only Wolves NFT (e.g., the right to freely sell, transfer, or otherwise dispose of that Only Wolves NFT). Owning your Only Wolves NFT also gives you important rights in the NFT Art for your Only Wolves NFT. Below we describe exactly what those rights are, which are intended to be broad, enabling you to make both personal and commercial uses of your NFT Art, in any and all media.
2. What Rights You Are Granted in the NFT Art for Your Only Wolves NFT
2.1 NFT Art Personal license
Subject to your compliance with these Terms, for as long as you lawfully own an Only Wolves NFT, we grant you a non-exclusive, non-sublicensable, worldwide, royalty-free, license to use, reproduce, display, modify, and create derivative works of the NFT Art for your Only Wolves NFT for personal, non-commercial use, such as to print and hang the NFT Art in your room, display as your profile picture, or use as a metaverse avatar.
2.2 NFT Art Commercial license
“Commercial Use” means any lawful activity that is performed with the intent to generate revenue, such as sale or transfer of items (including NFTs) on any marketplace, creating and selling merchandise or creating a comic book or video game that displays the NFT Art. Subject to your compliance with these Terms, for as long as you lawfully own an Only Wolves NFT, we grant you a non-exclusive, non-sublicensable, worldwide, royalty-free, license to use, copy, reproduce and display the NFT Art for your Only Wolves NFT for any Commercial Use; provided that you may not include the NFT Art for more than one Only Wolves NFT in any single work (such as multiple Only Wolves in a comic book or movie) for a Commercial Use except as set forth below.This license does permit you to mint and create new NFTs and NFT projects based on your NFT Art for your Only Wolves NFT that you lawfully own, but in no event can you use or display the Only Wolves Trademarks (or any confusingly similar trademarks) on, or to promote, such new NFTs.
2.3 Third Party Content Displayed in Only Wolves NFTs
We may collaborate with third parties to create Only Wolves NFTs or versions thereof which include artwork, images, works of authorship artwork, logos, trademarks, service marks, or trade dress owned by a third party (“Third Party Content”). The licenses granted do not extend to any Third Party Content included in any NFT Art, and you may not use, copy, reproduce, display, create derivative works of, or create new NFTs based on such Third Party Content, or any portion thereof, unless we or the applicable third parties expressly provide our consent in writing or by public announcement.
2.4 Usage Standards
We care deeply about ensuring that Only Wolves NFTs are used in a kind and positive manner. You are not permitted to use the NFT Art in any way that is deceptive, offensive, is intentionally divisive, promotes hatred, violence, substance abuse, drug & alcohol related products, gambling, mature themes, a specific political or religious ideology, or is otherwise unsuitable for all audiences.
2.4 Usage Standards
We understand that you may want to create derivative works of the NFT Art (“NFT Art Derivatives”) for your specific Only Wolves NFT, for example, by building out the rest of their body to use as an avatar in a game, or depicting them in other art styles such as pixel art. We allow you to create NFT Art Derivatives under the licenses granted above, provided that you do not create any NFT Art Derivatives that (i) are the same as or substantially similar to (x) NFT Art for other Only Wolves NFTs that you do not own, or (y) to other NFT Art Derivatives that others have already created, or (ii) could mislead the public into thinking that we have created, sold or endorsed your NFT Art Derivatives. Also, you acknowledge and agree that (a) we may also create our own future NFT Art Derivatives, and (b) other holders of their own Only Wolves NFTs may also create their own NFT Art Derivatives of any NFT Art linked to their own Only Wolves NFTs. These other NFT Art Derivatives may be similar or identical to your own NFT Art Derivatives. Accordingly, on behalf of yourself and your heirs, successors and assigns, you irrevocably covenant and agree not to assert or bring any suit, claim, demand or challenge against (I) Creator or its affiliates or licensees (or any of their partners, members, officers, directors, and stockholders) in connection with their use of any NFT Art or any of their own NFT Art Derivatives or (II) any other Only Wolves NFT holder or its affiliates or licensees (or any of their partners, members, officers, directors, and stockholders) in connection with use of NFT Art relating to their own Only Wolves NFTs or any of their own NFT Art Derivatives. The foregoing is the case even if such NFT Art or NFT Art Derivatives is similar to, or the same as, any NFT Art Derivatives that have been created by you.
3. How You May Transfer Your Rights in the NFT Art
The licenses granted in these Terms are non-transferrable, except that if you sell or transfer your Only Wolves NFT, you will no longer be granted the foregoing licenses in the NFT Art, and such licenses will transfer to the lawful new owner of the Only Wolves NFT associated with such NFT Art. In connection with any sales, transfers or similar transactions of the Only Wolves NFTs, the transferee agrees that by purchasing, accepting, or otherwise acquiring the Only Wolves NFT, they hereby accept these Terms.