📔Terms of Service

Outlining the IP rights for your NFTs

In short

1. You own your Monkeez

2. You own the underlying rights to your Monkeez

3. You can use your Monkeez for whatever purpose you would like

4. You may not use the official Monkeez name

In long

1. You Own your NFT. Each Monkeez collectible is an NFT on the Avalanche blockchain. Your purchase gives you complete ownership rights to the underlying Monkee and art. Ownership of each Monkee is mediated by the smart contract and the Avalanche network. We may not sieze, freeze, or modify the ownership of any Monkee at anytime.

2. Personal Use. Subject to your continued compliance with these Terms, Catalyst Digital LLC 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 NFT, provided that the marketplace cryptographically verifies each Monkee owner’s rights to display the Art for their Monkee 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 Monkee, provided that the website/application cryptographically verifies each Monkee owner’s rights to display the Art for their Monkee 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 Monkee leaves the website/application.

3. Commercial Use. Subject to your continued compliance with these Terms, Catalyst Digital LLC 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 Monkeez generally, provided that the marketplace cryptographically verifies each Monkee owner’s rights to display the Art for their Monkee 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 Monkeez generally, provided that the third party website or application cryptographically verifies each Monkee owner’s rights to display the Art for their Monkee 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 Monkee leaves the website/application; or (iii) earning revenue from any of the foregoing.