NFT Disclaimer for GUARDIANS OF THE BALL LTD (“GOB”)
ANY NFTS ARE PROVIDED ‘AS IS’, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL GOB, THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH NFTS OR THE USE OF NFTS OR OTHER DEALINGS OF NFTS.
Nothing on this platform is a financial product or investment. These are digital artworks, designs and drawings. You are purchasing only a license and not a real product. You should not purchase any NFTs with the intent of investing or financially profiting. By minting any NFTs, you agree to these terms. If any part of this agreement is deemed invalid by law the rest of the agreement will still be binding. You’re purchasing or in any way using the license granted (to you or a third party you contract with) means you acknowledge that you are doing so only for entertainment purposes.
NFTs are for entertainment only. Even lands or parcels you purchase are licenses to use a certain space in a virtual world, and you can use it to build a virtual building of any type on it. If you intend to build a store to offer products or services to the user, you are doing so at your own risk as GOB only provides you the space as-is and anything you build on it, it is to fulfill your desire and thus your entire activity is your responsibility.
Please note that owning an NFT does not give you any rights to the design or copyright of the artwork and grants you only a license. YOU UNDERSTAND THAT THE ENTIRE LIABILITY OF GUARDIANS OF THE BALL LTD, ITS AFFILIATES, OFFICERS, SHAREHOLDERS, INVESTORS, PARTNERS, CONTRACTORS, OR EMPLOYEES, SHOULD YOU MAKE ANY TYPE OF CLAIM, WILL BE LIMITED TO REIMBURSEMENT OF THE ORIGINAL COST OF ACQUISITION THAT GOB RECEIVED IN THE FIRST TRANSACTION AS ROYALTY FOR THE LICENSE OF THE NFT THE CLAIM RELATES TO, WHETHER YOU ARE THE INITIAL OR A SUBSEQUENT LICENSOR.
Risks Associated with Tokens, NFTs (Non-Fungible Tokens), and the Technology Used
- Software Risk: The tokens are traded via smart contracts based on the Ethereum protocol or another as specified in the whitepaper. Any technical issues, failures, or abandonment of the Ethereum project, or the selected network, could adversely impact the operation of the tokens. Advances in technology, such as quantum computing, could introduce additional risks affecting the tokens’ functionality. Smart contracts and the underlying software are in early stages of development, meaning there is an inherent risk of defects and vulnerabilities that could result in the loss of invested funds or acquired tokens.
- Security (Theft) Risk: Smart contracts and the software platform on which they operate (e.g., Ethereum) may be exposed to cyber-attacks, such as malware, denial of service, consensus attacks, Sybil attacks, smurfing, and spoofing. Any of these attacks could result in the theft or loss of funds paid or tokens, as well as hinder the fulfillment of the issuer’s objectives.
- Incompatibility Risk with Wallet Services: The digital wallet or wallet service provider used to receive tokens must comply with the ERC-20 standard to ensure technical compatibility with the tokens. Failing to meet this standard may result in the subscriber losing access to their tokens•
- Technological Interoperability Risk: Tokens may only be compatible with certain platforms and technologies. Changes to blockchain networks or incompatibilities with new software versions may impact the interoperability and effective use of tokens and NFTs in different applications or environments.
- Infrastructure Instability Risk: The underlying blockchain infrastructure, such as the Ethereum network, relies on multiple validation nodes and the stability of technology service providers. Any disruption, attack, or failure in this infrastructure could directly impact the ability to transact with tokens and NFTs.
