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VOSSO® \ Raptare™

NFT Terms of Use

Ownership and License: Purchasing a VOSSO® NFT grants you ownership of the NFT asset on the blockchain and a non-exclusive license to display and use the digital art for personal, non-commercial purposes only.

Intellectual Property: VOSSO® retains all intellectual property rights to the digital art associated with the NFT. You do not own the copyright or any other reproduction rights to the digital art.

Restrictions: You may not reproduce, modify, distribute, or commercially exploit the digital art associated with the NFT without express written consent from VOSSO®.

No Transfer of Rights: Ownership transfer of the NFT on the blockchain does not grant the new owner additional rights beyond the limited display and personal use rights originally granted.

Termination of License: Violation of these terms may result in the immediate termination of your usage license for the digital art, even if ownership of the NFT remains unchanged.

Updates: VOSSO® reserves the right to modify these terms. Continued display or use of the VOSSO® NFT indicates acceptance of any updated terms.

Contact: For questions or permissions, please contact VOSSO® at info@vosso.co.uk.

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Everything You Need to Know About NFTs (Non-Fungible Tokens)
What is an NFT?
An NFT (Non-Fungible Token) is a digital asset that represents ownership or proof of authenticity for a unique item or piece of content. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible (each unit is identical and interchangeable), NFTs are unique and cannot be exchanged on a one-to-one basis.
NFTs are typically stored on a blockchain, most commonly Ethereum, which ensures transparency and security. The blockchain acts as a public ledger that verifies ownership and the history of transactions related to the NFT.

Characteristics of NFTs
1. Unique: Each NFT has a unique identifier, making it distinct from others. This is what gives NFTs their value—they represent ownership of something one-of-a-kind.

2. Indivisible: Most NFTs cannot be divided into smaller parts. You either own the whole NFT or you don’t.

3. Proof of Ownership: Blockchain technology provides a transparent and unalterable record of ownership, ensuring authenticity.

4. Interoperable: NFTs can often be used across different platforms or ecosystems. For example, an NFT purchased on one marketplace can sometimes be displayed or used on another platform.


What Can NFTs Represent?
NFTs are not just digital images or art—they can represent various forms of unique assets, including:
• Digital Art: One of the most popular uses of NFTs, where artists mint their works as NFTs to sell and track ownership.
• Music and Audio: Musicians can sell tracks or albums as NFTs, sometimes with exclusive rights or perks for buyers.
• Video Content: Clips, short films, or iconic moments (like sports highlights) are often minted as NFTs.
• Virtual Real Estate: Properties in virtual worlds like Decentraland or The Sandbox are sold as NFTs.
• In-Game Items: NFTs can represent weapons, skins, or avatars in video games.
• Real-World Assets: Some NFTs represent real-world assets like real estate, event tickets, or even luxury goods, bridging the gap between physical and digital ownership.
• Domain Names: Blockchain-based domains can be owned as NFTs.

How Does an NFT Work?
NFTs are created through a process called minting, where a digital file is turned into a blockchain-based asset. Here’s how it works:
1. Creation: A creator uploads their digital file (e.g., an image, music, or video) to an NFT platform.
2. Minting: The platform generates a unique token for the file on the blockchain. This token includes metadata (e.g., title, description, creator, ownership rights).
3. Ownership: Once minted, the NFT is owned by the creator until sold. Each subsequent owner is recorded on the blockchain.
4. Sale or Trade: NFTs can be sold on marketplaces like OpenSea, Rarible, or Foundation. Buyers pay in cryptocurrency, typically Ethereum.

Why Are NFTs Valuable?
1. Scarcity: Limited supply increases demand. A creator may only mint a handful—or even just one—of an NFT.
2. Ownership Rights: Buyers gain ownership of the asset, even though others can view or copy it digitally. Think of it like owning an original painting versus a print.
3. Community Perks: Some NFTs come with additional benefits, like access to exclusive events, content, or communities.
4. Speculation: Many investors buy NFTs hoping their value will increase over time, similar to other collectibles or stocks.

Risks of Investing in NFTs
1. Volatility: The value of NFTs can fluctuate significantly based on market trends, hype, or changes in technology.
2. Liquidity: Finding a buyer at your desired price can sometimes be difficult.
3. Copyright Issues: Some NFTs have been minted without the original creator’s permission, leading to disputes.
4. Environmental Concerns: Blockchain transactions, especially on Ethereum, can consume a lot of energy, raising sustainability concerns.
5. Regulation: Laws around NFTs are still evolving, which might impact their usage or taxation.

Why Should Someone Invest in NFTs?
1. Support for Creators: NFTs allow creators to earn directly from their work without intermediaries.
2. Potential Returns: Some NFTs have sold for millions, providing significant returns for early investors.
3. Exclusive Ownership: Owning a piece of digital culture or history can be appealing.
4. Utility: Certain NFTs offer practical benefits, like game functionality or real-world perks.

Tips for NFT Investing
1. Do Your Research: Understand the creator, the community, and the platform where the NFT is minted.
2. Evaluate the Utility: Some NFTs offer added value beyond ownership—like access to events or future collaborations.
3. Diversify Your Portfolio: Just like traditional investing, avoid putting all your money into one NFT or project.
4. Use Reputable Platforms: Stick to established NFT marketplaces to avoid scams.
5. Understand Gas Fees: Be aware of blockchain transaction fees, which can be substantial on platforms like Ethereum.

By understanding these aspects of NFTs, you’ll be better equipped to explain their value to potential investors, highlight the unique aspects of your product, and position yourself for success in the growing NFT space.