How it Works
How it Works
Last Updated May 9, 2022
Who owns what:
The NFT image is licensed to the holder for use within the rules set out in these terms and conditions.
The artwork is owned by Gigolution.
The NFT holder owns the individual NFT and the rights to the utilities it offers.
The NFT holder may use the NFT image of any 'genre' they own for private use without permission from Gigolution.
The NFT holder can resell the NFT for profit. Reselling the NFT will transfer these terms and conditions to the new NFT holder.
Gigolution may use any artwork for any commercial purpose.
The NFT holder can only use the NFT image commercially with written agreement from Gigolution.
Gigolution will act as an intermediary on behalf of all NFT holders.
Percentage of any profits received directly from the artwork for any 'genre' will be used to generate additional perks for NFT holders that own that 'genre'.
Gigolution reserves the right to:
make changes to perks and utilities offered to NFT holders.
separate the NFT utilities from the artwork.
make changes to NFT utilities.
determine the schedule of release for utilities and applications.
vary the schedule of release and features provided by geographical region.
make changes to these terms and conditions.