TERMS AND CONDITIONS
SUPRA MULTIVERSE STAGE I is a digital Artwork collection (NFTs) running on the Ethereum network. This webpage is only an interface allowing participants to exchange digital collectibles and the users are entirely responsible for the safety and management of their own private Ethereum wallets. The users (hereinafter referred to as “you” or “your”) who purchase or own SUPRA MULTIVERSE STAGE I NFT(s) shall be deemed to have agreed to these TERMS AND CONDITIONS. If you do not review or do not agree with the TERMS AND CONDITIONS, you should not make any purchases of the SUPRA MULTIVERSE STAGE I NFT(s).
This webpage and its connected services are provided “as is” and “as available” without warranty of any kind. By using this webpage, you are accepting sole responsibility for any and all transactions involving SUPRA MULTIVERSE STAGE I NFT(s).
“Artwork” means the artwork that was minted as a SUPRA MULTIVERSE STAGE I NFT.
“SUPRA MULTIVERSE STAGE I NFT” means a unique Ethereum blockchain-tracked, “non-fungible token that serves as a digital collectible and was originally offered for sale by F&F Co., Ltd.
Personal Use. Subject to your continued compliance with the TERMS AND CONDITIONS, for as long as you own the applicable NFT, F&F Co., Ltd. grants you a worldwide, royalty-free, non-exclusive, personal, limited license, with respect to any SUPRA MULTIVERSE STAGE I NFT(s) you own, to copy, and display the Artwork, along with any extensions that you choose to create or use (hereinafter referred to as “Derivative works”), privately or publicly, solely for personal, non-commercial purposes, including on social media platforms, digital galleries, or otherwise on the internet or in association with your offer to sell or trade your SUPRA MULTIVERSE STAGE I NFT(s). This license does not grant you any rights in or to the Artwork separate from the associated SUPRA MULTIVERSE STAGE I NFT(s), including any of the intellectual rights described in Section 4 below.
You will have no other license other than those expressed in the foregoing. For the avoidance of doubt, you agree that you and any third-party may not engage in the following acts without our express prior written consent. If we confirm that you have engaged in any of the following acts, you may lose your right to use your License, which has been granted to you under the TERMS & CONDITIONS:
a) use the Artwork or any Derivative works for commercial purposes, which includes but is not limited to (i) using the Artwork or any Derivative works to advertise, market, or sell any product or service, (ii) using or incorporating the Artwork or any Derivative works in movies, videos, video games, or any other forms of media for a commercial purpose, (iii) selling, distributing for commercial gain, or otherwise commercializing merchandise that includes, contains, or consists of the Artwork or any Derivative works, (iv) registering trademark, copyright, or seeking to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Artwork or any Derivative works, including any SUPRA name, trademark, logo trade dress, or other source indicators contained or depicted therein, (v) attempting to mint, tokenize, or create an additional cryptographic token representing the Artwork or any Derivative works on any platform, and (vi) commercially using or exploiting any Artwork for your or any third party’s benefit, including by selling copies of any Artwork or selling Derivative works embodying any Artwork;
b) use the Artwork or any Derivative works in relation to texts, images, videos, or other forms of media that (i) depict defamation, abuse, offense, harassment, violence, hatred, intolerance, violence, cruelty, or any other behavior that could reasonable be found to constitute hate speech or otherwise infringe third- parties’ rights, (ii) depict drugs (including, without limitation, both prescription and non-prescription drugs, supplements etc.), weapons, death, sexually explicit or pornographic materials/activities, or any dating or escort activities, (iii) depict discrimination based on race, sex, religion, nationality, disability, sexual orientation, age, medical conditions, or political views, d) impersonates another person, infringes any patent, trademark, trade secret, copyright, or other rights of any other person, (iv) encourages, promotes or participates in illegal activities;
c) falsify, misrepresent, or conceal the authorship of the Artwork or the SUPRA MULTIVERSE STAGE I NFT; or
d) any other use that may hinder any business conducted by F&F Co., Ltd. or damage the reputation or credibility of F&F Co., Ltd., including creation of products or services that may compete with [Project name].
4. INTELLECTUAL PROPERTY RIGHTS
The rights that you have in and to the Artwork are limited to those expressly described in Section 2 of the TERMS AND CONDITIONS, and you acknowledge and agree that F&F Co., Ltd. and/or its licensor if any, owns all intellectual property rights in and to the Artwork. Nothing hereinabove gives you any rights to trademarks or other intellectual property that belongs to F&F Co., Ltd. and/or its licensor if any, including, without limitation, the logos associated with SUPRA, and any other logos and images associated with the NFTs that we issue. All such rights are expressly reserved for F&F Co., Ltd. and/or its licensor if any.
6. RISK ASSUMPTION
You acknowledge and agree with the following:
a) The resale value of SUPRA MULTIVERSE STAGE I NFT(s), like all NFTs, is extremely volatile, speculative, and subject to fluctuation. SUPRA MULTIVERSE STAGE I NFT(s) should not be considered an investment, and do not constitute securities or derivatives pursuant to the Financial Investment Services and Capital Markets Act.
b) You acknowledge and agree that no information or content on this webpage (or any other documents mentioned therein) is or is intended to be an advice or an invitation to enter into an agreement for any investment purpose, nor is it an offering of securities in any jurisdiction or an invitation to purchase securities, shares, or any other financial products. Due to the Artistic nature of the project, SUPRA MULTIVERSE STAGE I NFT(s) has not been registered or approved by any regulator in any jurisdiction. It remains your sole liability to confirm that the purchase of the SUPRA MULTIVERSE STAGE I NFT(s) and the associated Artwork is compliant with the laws and regulations in your jurisdiction.
c) You agree to assume all risk associated with any change in the value of your SUPRA MULTIVERSE STAGE I NFT(s), and all risks associated with your used of the Ethereum network, including without limitation, risks posed by any disruptions (including disruptions related to the OpenSea platform or any other NFT platform), hardware and software failures, internet connection failures, malware, and unauthorized access to your wallet by third-parties.
d) NFTs, digital assets, and blockchain technologies are relatively new and the regulatory landscape is unsettled. We are not liable and will not be liable for any of your loss regarding the purchase of the NFT(s). You acknowledge and agree that new regulations could impact such technologies and the value of your SUPRA MULTIVERSE STAGE I NFT(s) negatively or your ability to resell it, and you assume all risks associated therewith.
e) All NFT transactions take place on the Ethereum blockchain. As we have no control over the transactions or the Ethereum network, we cannot undo, reverse, restore, any of your transaction, and will not issue refunds in connection with the transactions.
You shall indemnify, defend (at F&F Co,, Ltd.’s request) and hold harmless F&F Co., Ltd., its affiliates and licensors, and its and their respective officers, agents, directors, representatives, contractors, and employees, from and against any and all claims, suits, demands, actions, losses, liabilities, damages, judgments, penalties, fines, expenses, and other costs, including reasonable attorney’s fees, arising from your breach or alleged breach of the TERMS AND CONDITIONS.
8. LIMITATION OF LIABILITY
In no event will F&F Co., Ltd. be liable to you for any special, incidental, exemplary, indirect, punitive, or consequential damages including loss of profits with respect to the subject matter of the TERMS AND CONDITIONS, whether such liability arises from any claim based upon contract, warranty, tort (including negligence), strict liability or otherwise, and whether or not you have been advised of the possibility of such loss or damage.
9. UPDATES TO THE TERMS AND CONDITIONS
We, F&F Co., Ltd., may update the TERMS AND CONDITIONS from time to time in our discretion. Please check the TERMS AND CONDITIONS periodically as we do not provide separate notices for updates. Updates to the TERMS AND CONDITIONS shall be announced 7 days before the date on which the updated TERMS AND CONDITIONS becomes effective and shall include both versions of the previous and updated TERMS AND CONDITIONS, the effective date, and the reasons for the amendments. However, any changes to your significant rights or obligations shall be announced at least 30 days before the effective date in the manner prescribed above.
10. JURISDICTION AND GOVERNING LAW
TERMS AND CONDITIONS, including your access to and use of our website, the NFTs, or any products purchased or distributed through the website, etc., shall be governed by and construed in accordance with the laws of the Republic of Korea. Any disputes arising out of or in connection to the TERMS AND CONDITIONS shall be subject to the exclusive jurisdiction of the Seoul Central District Court as the court of first instance.