Our intention is two-fold
-
We want people to enjoy MyFi. Explore the collection. Display the
work IRL and in the metaverse. Get lost in our network.
-
We want you to use the media from MyFi in creative ways. Put the music
in a video game you’re making. Use the videos as source material in
your own video art. Place the media in other videos you are
producing. Get creative.
We want owners of MyFi NFTs to commercialize the media from
their NFTs. Updates to this license
will be made for the purpose of making it easier for MyFi owners
to commercialize their media.
🍄🍄🍄🍄🍄🍄
What do I own when I buy a MyFi NFT???
Imagine buying an album and receiving commercial rights to the
audio. And the music video. That's what we are providing our owners.
Once you own a MyFi NFT, you share a commercial license with MyFi
Studio: you are the only NFT owner who has these commercial
rights. However MyFi studio shares a non-exclusive commercial
license for the media with you.
Why does MyFi Studio also have commercial rights to the media?
We are sharing commercial rights with owners because we want to
use the contents of the NFT for concerts, installations,
exhibitions; both irl and virtual experiences.
🍄🍄🍄🍄🍄🍄
This license is an agreement between MyFi Studio and owners of MyFi
ERC-721 NFTs minted on the following ethereum contract: 0x207e8b8167890ce966d8486b2954114a269a40cc. In this license, the phrase 'MyFi NFTs' are any
NFTs minted on the above contract. Additionally, the 'media' of a MyFi NFT refers to
any of the following:
-
The video content pointed to by the 'animation_url' metadata. This
is an .mp4 file.
-
The audio content pointed to by the 'audio' metadata. This is an .wav file.
-
Any of the text metadata associated with the NFT.
The commercial rights granted by this license only apply during the
span of time that the MyFi NFT is held in the owner's
wallet. Commercial rights end the NFT is transfered out of
the wallet.
MyFi Studio grants all owners of MyFi NFTs a non-exclusive license to
the full commercial rights of the media of each MyFi NFT they own. MyFi studio
also has full commercial rights to the media
of every NFT from the MyFi collection. MyFi Studio shares commercial rights
with owners so that the studio can use the collection media for
future creative endeavours.
Any revenue from products that use the media from MyFi NFTs sold by
MyFi NFT owners is royalty free, until the MyFi NFT owner has earned
$1 million dollars of revenue. Once the owner has earned more than
$1 million dollars of revenue, they must contact MyFi studio to
obtain a license that contains a reasonable royalty on any future revenue.
Please give MyFi Studio credit when you use our content! We want you
to use it for whatever you want, however let people know that you used
our media. If you have any questions on how to acknowledge us, just send an email or DM.
MyFi Studio reserves the right to edit / update this license.
|