BAYC License

This is a generic version of the BAYC license that is used by many projects on Instant NFT. The owner of each project is free to choose a license, many pick this license. It is identical to the BAYC license, except it uses the generice terms Project to denote the project for which it is adopted, and Art or NFT is substituted for the particular artworks produced.

The distinguishing feature of the BAYC license (compared to most other licenses) is the allowance of full commercial rights for the NFTs owned by a particular entity. In other words, if you own an NFT, you can use the Art associated with that NFT however you want without restriction, including commercially.

TERMS & CONDITIONS

Project is a collection of digital artworks (NFTs) running on the Ethereum network. This website is only an interface allowing participants to exchange digital collectibles and/or art. 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 Project 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 Project digital collectibles or art.

OWNERSHIP

1. You Own the NFT. Each generated NFT is on the Ethereum blockchain. When you purchase an NFT, you own the underlying 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 Art.
2. Personal Use. Subject to your continued compliance with these Terms, Project 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 Art / NFT, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Art 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 Art, 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.
3. Commercial Use. Subject to your continued compliance with these Terms, Project 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 the Art generally, provided that the marketplace 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; (ii) owning or operating a third party website or application that permits the inclusion, involvement, or participation of the Art generally, provided that the third party website or 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 Purchased NFT leaves the website/application; or (iii) earning revenue from any of the foregoing.