Terms and Conditions
Kosmo Twelve NFT (Non-fungible token) is a collection of digital artworks (NFTs) running on the Elrond network. This website is only an interface for introducing the project. Users are entirely responsible for the safety and management of their own private Elrond wallets and validating all transactions and contracts generated by this website before approval. Furthermore, as the Kosmo Twelve smart contract runs on the Elrond 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 Kosmo Twelve digital collectibles.
Ownership
i. You Own the NFT. Each Kosmo Twelve NFT is an NFT on the Elrond blockchain. When you purchase an NFT, you own the underlying Kosmo Twelve, the Art, completely. Ownership of the NFT is mediated entirely by the Smart Contract and the Elrond Network: at no point may we seize, freeze, or otherwise modify the ownership of any Kosmo Twelve NFT.
ii. Personal Use. Subject to your continued compliance with these Terms, Kosmo Twelve 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 Kosmo Twelve NFT, provided that the marketplace cryptographically verifies each Kosmo Twelve NFT owner’s rights to display the Art for their Kosmo Twelve NFT 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 Kosmo Twelve NFT, provided that the website/application cryptographically verifies each Kosmo Twelve NFT owner’s rights to display the Art for Kosmo Twelve 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 Kosmo Twelve NFT leaves the website/application.
iii. Commercial Use. Subject to your continued compliance with these Terms, Kosmo Twelve NFT 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 Kosmo Twelve NFT generally, provided that the marketplace cryptographically verifies each Kosmo Twelve NFT owner’s rights to display the Art for their Kosmo Twelve 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 Kosmo Twelve NFT generally, provided that the third party website or application cryptographically verifies each Kosmo Twelve NFT owner’s rights to display the Art for their Kosmo Twelve 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 PurchasedKosmo Twelve NFT leaves the website/application; or (iii) earning revenue from any of the foregoing.
Kosmo Twelve NFT reserves the right of final decision in case of any dispute.
(Last updated: 1 February 2022)