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WELCOME TO ROYA EDITION
We are pleased to have you here. Roya Edition is a Multichain-powered NFT platform and Marketplace for fair and communal financial and cultural value creation operating on the Ethereum blockchain. The Platform uses specially-developed smart contracts enabling artists to sell their digital creations to collectors on a peer-to-peer digital marketplace. Collectors can trade, transfer, sell, or display their collected Roya items on the Roya Edition Platform.
THESE TERMS SET FORTH THE LEGALLY BINDING TERMS AND CONDITIONS THAT GOVERN YOUR USE OF THE SITE OR PLATFORM. BY ACCESSING OR USING THE SITE, SERVICES, OR SMART CONTRACTS, YOU ARE ACCEPTING THESE TERMS (ON BEHALF OF YOURSELF OR THE ENTITY THAT YOU REPRESENT), AND YOU REPRESENT AND WARRANT THAT YOU HAVE THE RIGHT, AUTHORITY, AND CAPACITY TO ENTER INTO THESE TERMS (ON BEHALF OF YOURSELF OR THE ENTITY THAT YOU REPRESENT). IF YOU DO NOT AGREE WITH ALL OF THE PROVISIONS OF THESE TERMS, YOU ARE PROHIBITED FROM ACCESSING, USING, OR TRANSACTING ON THE SITE OR PLATFORM. YOU FURTHER REPRESENT AND WARRANT THAT YOU ARE OTHERWISE LEGALLY PERMITTED TO USE THE SERVICES IN YOUR JURISDICTION AND THAT THE COMPANY IS NOT LIABLE FOR YOUR COMPLIANCE WITH SUCH APPLICABLE LAWS.
These Terms and Conditions of Use (hereinafter the "Terms and Conditions") govern the use of the" Roya Edition Platform" available at www.royaedition.com (hereinafter the "Platform") managed by Syndikators AB with a registered office on Sankt Eriksgatan 94A, 113 62 Stockholm, Sweden, Organization Number (5591938179), and e-mail [email protected] (hereinafter "Roya Edition").
To most easily access and use the Platform, first install the Google Chrome or Brave web browser. Once you have installed Chrome or Brave, you will need to install a browser extension called MetaMask. MetaMask is an electronic wallet that allows you to purchase, store, and engage in transactions using our cryptocurrency, ROY. You will not be able to engage in any transactions on the Platform other than through MetaMask (or other Ethereum-compatible browsers). The Platform will only recognize you as a User, and you will only be able to interact with the Platform if your Ethereum electronic wallet is connected and unlocked through your MetaMask account. There is no other way to sign up as a User or interact directly with the Platform.
Transactions on the Platform are managed and confirmed via the Ethereum blockchain. The User understands that your Ethereum public address will be made publicly visible whenever you engage in a transaction on the Platform. We neither own nor control MetaMask, Google Chrome, the Ethereum network, or any other third-party site, product, or service that you might access, visit, or use to enable you to use the various features of the Platform. We will not be liable for the acts or omissions of any such third parties, nor will we be liable for any damage that you may suffer as a result of your transactions or any other interaction with any such third parties.
You acknowledge and agree that we (or, as applicable, our licensors) own all legal rights, titles and interests in and to all elements of the Platform. The graphics, design, systems, methods, information, computer code, software, services, visual identity, organization, a compilation of the content, code, data, and all other elements of the Platform (collectively, the "Roya Edition Materials") are owned by Roya Edition and are protected by copyright, trade dress, patent, and trademark laws, international conventions, other relevant intellectual property and proprietary rights, and applicable laws. All Roya Edition Materials are the copyrighted property of Roya Edition or its licensors, and all trademarks, service marks, and trade names contained in the Roya Edition Materials are proprietary to Roya Edition or its licensors. Except as expressly set forth herein, your use of the Platform does not grant you ownership of or any other rights with respect to any content, code, data, or other materials that you may access on or through the Platform. We reserve all rights in and to the Roya Edition Materials not expressly granted to you in the Terms.
You may choose to submit comments, bug reports, ideas, or other Feedback about the Platform, including without limitation about how to improve the Platform (collectively, "Feedback"). By submitting any Feedback, you agree that we are free to use such Feedback at our discretion and without additional compensation to you and disclose such Feedback to third parties (whether on a non-confidential basis or otherwise). You hereby grant us a perpetual, irrevocable, non-exclusive, worldwide license under all rights necessary for us to incorporate and use your Feedback for any purpose.
The Smart Contracts and the Site facilitate User collection of Roya Edition Items, but Roya Edition and its affiliates, the Platform, and the Smart Contracts are not the custodians of any User-owned Roya Edition Items. The User understands and acknowledges that the Smart Contracts do not give Roya Edition custody, possession, or control of any Roya Edition Item or cryptocurrency at any time to facilitate Roya Edition Item transactions. You affirm that you are aware and acknowledge that Roya Edition is a non-custodial service provider and has designed this Platform to be directly accessible by the Users without any involvement or actions taken by Roya Edition or any third party.
The Platform or Site may include hyperlinks to other websites or resources (collectively, "External Sites"), which are provided solely as a convenience to our users. We have no control over any External Sites. You acknowledge and agree that we are not responsible for the availability of any External Sites and that we do not endorse any advertising, products, or other materials on or made available from any External Sites. Furthermore, you acknowledge and agree that we are not liable for any loss or damage which may be incurred as a result of the availability or unavailability of the External Sites or as a result of any reliance placed by you upon the completeness, accuracy, or existence of any advertising, products or other materials on, or made available from, any External Sites.
The User must provide accurate and complete registration information when creating an account for the Platform. By creating an account, you agree to provide accurate, current, and complete account information about yourself and to maintain and promptly update as necessary your account information.
You are solely responsible for the security of your account and your MetaMask wallet (and other Ethereum wallets and accounts). You agree to undertake to maintain at all times adequate security and control of all of your Account details, passwords, personal identification numbers, or any other codes that you use to access the Platform or the Services. You must ensure that Account(s) registered under your name will not be used by any other person. You must notify us immediately of any security breach, loss, theft, or unauthorized use of your username, password or security information at [email protected].
Roya Edition reserves the right to terminate, suspend or restrict your access to any Account(s) if there is reasonable suspicion by us that the person logged into your Account(s) is not you or if we suspect that the Account(s) have been or will be used for any illegal, fraudulent, or unauthorized purposes. Under no circumstances shall Roya Edition or indemnified persons per these Terms be responsible or liable for any direct or indirect losses (including loss of profits, business or opportunities), damages or costs suffered by you or any other person or entity due to any such termination, suspension or restriction of access to any Account(s).
You agree to use the Platform only for purposes that are legal, proper, and per these Terms and any applicable laws or regulations. Without limitation, you may not, and may not allow any third party to: (i) send, upload, distribute or disseminate any unlawful, defamatory, harassing, abusive, fraudulent, obscene, or otherwise objectionable content; (ii) undertake any unlawful activity which would violate, or assist in violation of, any law, statute, ordinance, or regulation, sanctions program administered in any relevant country, or which would involve proceeds of any unlawful activity; (iii) distribute viruses, worms, defects, Trojan horses, corrupted files, hoaxes, or any other items of a destructive or deceptive nature; (iv) impersonate another person (via the use of an email address or otherwise); (v) upload, post, transmit or otherwise make available through the Platform any content that infringes the intellectual proprietary rights of any party; (vi) operate to defraud Roya Edition, other users, or any other person or provide false, inaccurate or misleading information; (vii) use the Platform to violate the legal rights (such as rights of privacy and publicity) of others; (viii) engage in, promote, or encourage illegal activity (including, without limitation, terrorism, tax evasion or money laundering); (ix) interfere with another individual’s or entity’s access to or use of the Platform; defame, abuse, extort, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights or privacy, publicity and intellectual property) of others; incite, threaten, facilitate, promote, or encourage hate, racial intolerance or violent acts against others; harvest or otherwise collect information from the Platform about others, including without limitation email addresses, without proper consent; (x) exploit the Platform for any unauthorized commercial purpose; (xi) modify, adapt, translate, or reverse engineer any portion of the Platform; (xii) remove any copyright, trademark or other proprietary rights notices contained in or on the Platform or any part of it; (xiii) reformat or frame any portion of the Platform; (xiv) display any content on the Platform that contains any hate-related or violent content or contains any other material, products or services that violate or encourage conduct that would violate any criminal laws, any other applicable laws, or any third party rights; (xv) use any robot, spider, site search/retrieval application, or other device to retrieve or index any portion of the Platform or the content posted on the Platform, or to collect information about its users for any unauthorized purpose; (xvi) create user accounts by automated means or under false or fraudulent pretenses; or (xvii) access or use the Platform for the purpose of creating a product or service that is competitive with any of our products or services.
You affirm that you are over the age of 18, as the Platform is not intended for children under 18. IF YOU ARE 13 OR OLDER BUT UNDER THE AGE OF 18, OR THE LEGAL AGE OF MAJORITY WHERE YOU RESIDE IF THAT JURISDICTION HAS AN OLDER AGE OF MAJORITY, THEN YOU AGREE TO REVIEW THESE TERMS WITH YOUR PARENT OR GUARDIAN TO MAKE SURE THAT BOTH YOU AND YOUR PARENT OR GUARDIAN UNDERSTAND AND AGREE TO THESE TERMS. YOU AGREE TO HAVE YOUR PARENT OR GUARDIAN REVIEW AND ACCEPT THESE TERMS ON YOUR BEHALF. IF YOU ARE A PARENT OR GUARDIAN AGREEING TO THE TERMS FOR THE BENEFIT OF A CHILD OVER 13, THEN YOU AGREE TO AND ACCEPT FULL RESPONSIBILITY FOR THAT CHILD'S USE OF THE PLATFORM, INCLUDING ALL FINANCIAL CHARGES AND LEGAL LIABILITY THAT THEY MAY INCUR.
All Artwork ("Art", "Work(s)", "Artwork(s)", or "Creation(s)") on the Roya Edition Platform is represented by a unique cryptographic token exclusively Minted by one of Roya Edition's approved Artists. Each Roya Edition Item ("Item(s)", "Token(s)", "Non-fungible token(s)", or "NFT(s)") is Minted by an Artist using the Roya Edition Smart Contracts based on an Artist's original Artwork. Roya Edition Items are forever tracked and stored on the Ethereum blockchain, providing the Collector of a Roya Edition Item with a permanent record of authenticity and ownership.
Only Artists invited and approved by Roya Edition can use the Platform to "Mint" and sell Roya Edition Items. Artwork Minted and sold on the Roya Edition Marketplace includes, but is not limited to: visual works, audiovisual works, animations, audio, photographs, 3D works, GIFS, and other creative digital works.
By Minting a Roya Edition Item, Artists expressly represent and warrant that their Work is an original creation. Artists are prohibited from Minting Works consisting of unlicensed or unauthorized copyrighted content, including any imagery, design, audio, video, human likeness, or other unoriginal content not created by the Artist, not authorized for use by the Artist, not in the public domain, or otherwise without a valid claim of fair use. Artists can only mint works that they personally created and must refrain from minting works to which copyright ownership is unknown or disputed (i.e., commissioned works or "works made for hire").
Artist expressly represents and warrants that works Minted on the Roya Edition Platform contain only original artistic content otherwise authorized for use by the Artist. To the extent a Work contains unoriginal content, including content from Works by other Roya Edition Artists, the Minting Artist further represents and warrants that it has permission to incorporate the unoriginal content. Artist represents and warrants that the sale, display or performance of minted Roya Edition Item on the Platform is not a violation of any agreement, contract, or obligation owed to a third party.
Failure to abide by these Terms may result in, without limitation, suspension or deletion of the Artist's account, revocation of the Artist's minting privileges and other permissions to the Roya Edition Smart Contracts or Platform, delisting the Artist's items on the Site, or paying monetary damages. Roya Edition has the unilateral authority and discretion to remove, suspend, or revoke Artists' access to the Roya Edition Smart Contracts or any other aspect of the Platform.
Artist hereby agrees to indemnify Roya Edition and be held liable for any claim against Roya Edition arising out of the Artist's breach of these Terms. Artist hereby releases and forever discharges Roya Edition from any damages or causes of action resulting from a sale of any of the Artist's listed Roya Edition Items occurring after the Artist's breach of these Terms.
The Roya Edition Platform facilitates a peer-to-peer digital art Marketplace and auction house where Artists, Collectors, and other Users can sell, purchase, list for auction, make offers and bid on Roya Edition Items. Collectors can obtain Roya Edition Items by making an offer accepted by the Artist, purchasing at an established List Price, or bidding on Items available in one of our revolutionary smart contract-enabled auctions.
Roya Edition Items are optionally offered for immediate acceptance at a List Price (in ROY) established by the Artist. Collectors can purchase Roya Edition Items with a List Price through the Site by sending an equivalent amount of ROY to a Smart Contract configured to initiate a transfer of the Roya Edition Item, plus additional fees and gas.
Users can make offers on all listed Roya Edition Items through the Site. Offers on the Roya Edition Marketplace are legally binding, revocable offers to purchase the Item capable of immediate acceptance by the Owner of the Item. By making an offer, the Collector agrees to temporarily send and lose control over an amount of offered ROY to a Smart Contract. The Smart Contract is configured to hold the offered ROY until either the offer is accepted by the Owner of the Item, a higher offer is received, or the offer is revoked. The Owner of the Item has the unilateral authority to accept the bid.
The User agrees and understands that all fees, commissions, and royalties are transferred, processed, or initiated directly through one or more of the Smart Contracts on the Ethereum blockchain network. By transacting on the Platform and by using the Smart Contracts, the User hereby acknowledges, consents to, and accepts all automated fees, commissions, and royalties for the sale of Items on the Roya Edition Platform. The User hereby consents to and agrees to be bound by the Smart Contracts' execution and distribution of the fees, commissions, and royalties. Users hereby waive any entitlement to royalties, commissions, or fees paid to another by operation of the Smart Contracts.
The User consents to the automated collection and disbursement to Artists of royalties for Secondary Market sales of Roya Edition Items. The User hereby waives any first sale defense or argument with respect to Secondary Market activities resulting in royalty to a Roya Edition Artist.
Roya Edition does not generally collect any fees, commissions, or royalties for transactions occurring outside of the Roya Edition Marketplace and not involving the Roya Edition Smart Contracts. To support the Roya Edition Artists and the Platform, we encourage Collectors to list Items for sale on the Roya Edition Marketplace, however, Collectors are permitted to sell or transfer their Items on third party exchanges. The Artist and all other Users hereby waive any entitlement to royalties, commissions, or fees for off- market transactions. The User irrevocably releases, acquits, and forever discharges Roya Edition and its subsidiaries, affiliates, officers, and successors of any liability for royalties, fines, or fees not received by the User from any off-market transaction.
All User transactions on the Roya Edition Platform, including, without limitation, minting, tokenizing, bidding, listing, offering, purchasing, or confirming, are facilitated by Smart Contracts existing on the Ethereum network. The Ethereum network requires the payment of a transaction fee (a "Gas fee") for every transaction that occurs on the Ethereum network, and thus every transaction occurring on the Roya Edition Platform. The value of the Gas Fee changes, often unpredictably, and is entirely outside of the control of Roya Edition or the Roya Edition Platform. The User acknowledges that under no circumstances will a contract, Agreement, offer, sale, bid, or other transaction on the Platform be invalidated, revocable, retractable, or otherwise unenforceable on the basis that the Gas Fee for the given transaction was unknown, too high, or otherwise unacceptable to a User. Users also acknowledge and agree that gas is non-refundable under all circumstances.
Users are responsible for paying any and all sales, use, value-added and other taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority, "associated with your use of the Platform (including, without limitation, any taxes that may become payable as the result of your ownership, transfer, purchase, sale, or creation of any artworks).
No art marketplace would be complete without an auction house, which is why Roya Edition has expanded upon its core set of smart contracts to introduce Auctions. But delivering the excitement of a live, peer-to-peer digital auction within a smart contract- enabled art marketplace introduces certain risks for auction participants. Roya Edition is steadily progressing the decentralization of art through these new market mechanics, but not without ensuring that its Users understand, acknowledge, and accept the risks of participating in Auctions.
In a Scheduled Auction, the Owner establishes a specific start and end time for an Auction for artwork to go live. Owners may optionally include a Starting Price. As long as the Starting Price is met by an Auction Participant, the work will be sold. Works without a Starting Price will be sold to the highest bidder, no matter what the bid is. A Scheduled Auction may be canceled prior to the start of the auction, i.e., when it is counting down to kick-off. After the auction begins, it cannot be stopped, canceled, or undone. Owners who initiate Scheduled Auctions should be prepared to sell their works at the Starting Price or any price if no Starting Price is established.
In a Reserve Auction, an Auction for artwork is configured to automatically go live once a bid is received equal or greater to a public Reserve Price established by the Owner. Once the Reserve Price is met, the Auction is instantiated and configured to last for approximately 24-hours. The work goes to the highest bidder at the end of the Auction. In a Reserve Auction, an Auction for artwork is configured to automatically go live once a bid is received equal or greater to a public Reserve Price established by the Owner. Once the Reserve Price is met, the Auction is instantiated and configured to last for approximately 24-hours. The work goes to the highest bidder at the end of the Auction.
To initiate a transaction on the Roya Edition Marketplace, a User must voluntarily invoke one or more Smart Contract operations from an Ethereum Wallet. All transactions on the Roya Edition Marketplace, including but not limited to transfers, offers, bids, listings, sales, or purchases of Roya Edition Items, are initiated through one or more Smart Contracts at the sole discretion and at the complete risk of the Users. The Smart Contracts are configured to facilitate the execution of a voluntary User offer, an acceptance of an offer, or other confirmation to purchase, sell, bid on, list, or transfer a Roya Edition Item. The User acknowledges the risk of Smart Contracts and agrees to be bound by the outcome of any Smart Contract operation by invoking, calling, requesting, or otherwise engaging with the Smart Contract, whether or not the Smart Contract behaves as the User expects.
Roya Edition Marketplace transactions, including but not limited to primary sales, secondary market sales, listings, offers, bids, acceptances, and other operations through the Site utilize experimental smart contract and blockchain technology, including non- fungible tokens, cryptocurrencies, consensus algorithms, and decentralized or peer-to- peer networks and systems. Users acknowledge and agree that such technologies are experimental, speculative, and inherently risky. Users acknowledge and agree that the Roya Edition smart contracts may be subject to bugs, malfunctions, timing errors, hacking and theft, or changes to the protocol rules of the Ethereum blockchain (i.e., "forks"), which can adversely affect the smart contracts and may expose you to a risk of total loss, forfeiture of your digital currency or Roya Edition Items, or lost opportunities to buy or sell Roya Edition Items. Roya Edition assumes no liability or responsibility for any such smart contract or related failures, risks, or uncertainties.
Users hereby acknowledge and assume the risk of initiating, interacting with, participating in Marketplace or Auction transactions and take full responsibility and liability for the outcome of any transaction they initiate, whether or not the smart contracts, the Roya Edition Site, or other market participants behave as expected or intended. Users hereby represent that they are knowledgeable, experienced and sophisticated in using blockchain technology, the Roya Edition site, and in initiating Ethereum-based transactions.
Users are forbidden from engaging in any attack, hack, denial-of-service attack, interference, or exploit of any Roya Edition smart contract. Operations performed by a User that is technically permitted by a Roya Edition smart contract may nevertheless be a violation of our Terms of Service and the law.
Roya Edition makes no representations or warranties, express or implied, written or oral, made by or on behalf of Roya Edition in connection therewith, including any representations or warranties of title, non-infringement, functionality, merchantability, usage, security, suitability or fitness for any particular purpose, workmanship or technical quality of any Roya Edition Item or work, smart contract code, or software.
Roya Edition shall not be liable to you for contract, tort, or any other types of damages, including indirect, special, incidental, consequential, punitive or exemplary damages arising out of or related to participation in or the outcome of a Marketplace transaction, whether or not Roya Edition has been advised or knew of the possibility of such damages. Roya Edition's liability for damages under this Agreement shall in all cases be limited to, and under no circumstances shall exceed, the number of proceeds actually received by Roya Edition arising out of the damage after deducting all costs, fees, and liabilities incurred by or on behalf of Roya Edition.
Roya Edition reserves the right, in its sole and absolute discretion, to amend, modify, alter or supplement these Terms and the smart contracts accessible through the Roya Edition Site from time to time.
All Marketplace transactions are executed by one or more Smart Contracts processed on the Ethereum Virtual Machine and not under any direct control by Roya Edition or any other third party. The User acknowledges and agrees that Roya Edition is not a party to any agreement or transaction between any Users involving the purchase, offer, sale, auction, or transfer of Roya Edition Items, whether or not a commission or fee is received by Roya Edition as a consequence of the transaction. Items listed for sale on the Roya Edition Marketplace are not offered on consignment or held in trust on behalf of any Artist, Collector, Owner, or User. Roya Edition reserves the right to execute Smart Contract transactions on the Roya Edition Marketplace as a collector of Roya Edition items.
The Roya Edition Marketplace is a transparent and open digital art platform that depends on the honest participation of all Users.
Users are expressly forbidden from accepting, soliciting, offering, bidding, engaging with the Smart Contracts, or otherwise transacting on or off of the Roya Edition Platform with the intent to artificially devalue, inflate, or otherwise deceptively influence, misrepresent, or cause to be misrepresented the price a Roya Edition Item, groups of Roya Edition Items, or Roya Edition Items created by particular Artists.
Roya Edition Artists, Owners, and Collectors are expressly forbidden from bidding, purchasing, or making offers on their own listed or offered Roya Edition Items, especially for the purpose of artificially influencing the price of the listed Item(s).
Users are generally forbidden from engaging in any deceptive conduct that may prevent competitive or fair bidding, artificially inflate or deflate the price of a work, simulate demand for work (i.e., "wash trading"), or any other anti-competitive bidding conduct such as but not limited to "puffing," "chill bidding," "shill bidding," "sham bidding," or "sock puppet bidding."
Users are expressly forbidden from selling works, listing items for Auction, making bids during an auction, purchasing a work, or engaging in any other Marketplace transaction for the purpose of concealing economic activity, laundering money, or financing terrorism. For example, and without limitation, Users are forbidden from using the Platform and any Smart Contract to conceal or transfer proceeds or assets relating to criminal activity or to pay for an Item for any other reason than to obtain the Item. All Users expressly represent and warrant by performing transactions involving the Roya Edition Site or Smart Contracts that their actions are legal under Swedish law and the jurisdiction from which they initiate the transaction.
Users agree to report suspicious market activity of other Roya Edition Users. If a User suspects that one or more Roya Edition Users are in violation of these Terms, the User should promptly inform the Roya Edition team at [email protected].
The User hereby agrees and acknowledges that any forbidden Marketplace conduct described herein may be a violation of the law and/or these Terms. Roya Edition hereby reserves the right to completely or partially restrict or revoke a User's access to the Site for violating these Terms. Roya Edition reserves the right to amend, rectify, edit, or otherwise alter Roya Edition Market transaction data to mitigate market harm caused by a User's violation of these terms.
The User irrevocably releases, acquits, and forever discharges Roya Edition and its subsidiaries, affiliates, officers, and successors for and against any and all past or future causes of action, suits, or controversies arising out of another User's violation of these Terms.
All works Minted on the Platform are subject to the Roya Edition License, the terms of which are described below. All Users who receive a Roya Edition Item acknowledge and agree to accept or purchase the Item subject to the conditions of the License.
Owning a Roya Edition Item is similar to owning a piece of physical art. You own a cryptographic token representing the Artist's creative Work as a piece of property, but you do not own the creative Work itself. Collectors may show off their ownership of collected Roya Edition Items by displaying and sharing the Underlying Artwork, but Collectors do not have any legal ownership, right, or title to any copyrights, trademarks, or other intellectual property rights to the underlying Artwork, excepting the limited license granted by these Terms to Underlying Artwork. The Artist reserves all exclusive copyrights to Artworks underlying Roya Edition Items Minted by the Artist on the Platform, including but not limited to the right to reproduce, to prepare derivative works, to display, to perform, and to distribute the Artworks.
Owning a Roya Edition Item is also different than owning a piece of physical art. Art on the Roya Edition Platform is digital, meaning that it is inherently easier to share, display, replicate, and distribute around cyberspace. By Minting Items on the Platform, Artist affirmatively grants a limited, worldwide, non-assignable, non-sublicensable, royalty-free license to display the Artwork underlying Roya Edition Items legally owned and properly obtained by the Collector.
The Collector's limited license to display the Work, or perform the Work in the case of audiovisual works, includes, but is not limited to, the right to display or perform the Work privately or publicly:
(i) for the purpose of promoting or sharing the Collector's purchase, ownership, or interest in the Work, for example, on social media platforms, blogs, digital galleries, or other Internet-based media platforms;
(ii) for the purpose of sharing, promoting, discussing, or commenting on the Work;
(iii) on third party Marketplaces, exchanges, Platforms, or applications in association with an offer to sell, or trade, the Token associated with Work; and
(iv) within decentralized virtual environments, virtual worlds, virtual galleries, virtual museums, or other navigable and perceivable virtual environments, including simultaneous display of multiple copies of the Work within one or more virtual environments.
Collectors have the right to sell, trade, transfer, or use their Roya Edition Items, but Collectors may not make "commercial use" of the underlying Work including, for example, by selling copies of Work, selling access to the Work, selling derivative works embodying the Work, or otherwise commercially exploiting the Work.
The Collector agrees that it may not, nor permit any third party, to do or attempt to do any of the foregoing without the Artist's express prior written consent in each case:
(i) modify, distort, mutilate, or perform any other modification to the Work which would be prejudicial to the Artist's honor or reputation;
(ii) use the Work to advertise, market, or sell any third-party product or service;
(iii) use the Work in connection with images, videos, or other forms of media that depict hatred, intolerance, violence, cruelty, or anything else that could reasonably be found to constitute hate speech or otherwise infringe upon the rights of others;
(iv) incorporate the Work in movies, videos, video games, or any other forms of media for a commercial purpose, except to the limited extent that such use is expressly permitted by these Terms or solely for your Collector's personal, non-commercial use;
(v) sell, distribute for commercial gain, or otherwise commercialize merchandise that includes, contains or consists of the Work;
(vi) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Work;
(vii) attempt to Mint, tokenize, or create an additional cryptographic token representing the same Work, whether on or off of the Roya Edition Platform;
(viii) falsify, misrepresent, or conceal the authorship of the Work or the Roya Edition Item; or
(ix) otherwise utilize the Work for the Collector's or any third party's commercial benefit.
The User agrees and acknowledges that the lawful ownership, possession, and title to a Roya Edition Item is a necessary and sufficient condition precedent to receiving the limited license rights to the underlying Work provided by these Terms. Any subsequent transfer, dispossession, burning, or another relinquishment of a Roya Edition Item will immediately terminate the former Owner's rights and interest in the license or Roya Edition Item as provided by these Terms.
The Artist owns all legal rights, titles, and interests in all intellectual property rights to creative Works underlying Roya Edition Items Minted by the Artist on the Platform, including but not limited to copyrights and trademarks. As the copyright owner, the Artist enjoys several exclusive rights to the Work, including the right to reproduce, the right to prepare derivative works, the right to distribute, and the right to display or perform the Art. Subject to, and per these Terms, the Artist hereby acknowledges, understands, and agrees that Minting a Work on the Platform constitutes an express and affirmative grant of the limited license rights to the Work to all subsequent Owners of the Roya Edition Item, as provided herein.
Roya Edition Items are unique, meaning that there should only ever be one digital token for a given Work of Art. Artist hereby acknowledges, understands, and agrees that Minting a Work on the Platform constitutes an express representation, warranty, and covenant that the Artist has not, will not, and will not cause another to Mint, tokenize, or create another cryptographic token representing a digital collectible for the same Work, excepting, without limitation, the Artist's ability to Mint, tokenize, or create a cryptographic token or other digital asset representing a legal, economic, or other interest relating to any of the exclusive rights belonging to the Artist under copyright law.
The Artist hereby acknowledges, understands, and agrees that Minting a Work on the Platform constitutes an express and affirmative grant to Roya Edition, its affiliates and successors a non-exclusive, worldwide, assignable, sub-licensable, perpetual, and royalty- free license to make copies of, display, perform, reproduce, and distribute the Work on any media whether now known or later discovered for the broad purpose of operating, promoting, sharing, developing, marketing, and advertising the Platform, the Site, the Marketplace, or any other purpose related to the Roya Edition Platform or business, including without limitation, the express right to:
(i) display or perform the Work on the Site, a third-party platform, social media posts, blogs, editorials, advertising, market reports, virtual galleries, museums, virtual environments, editorials, or to the public;
(ii) create and distribute digital or physical derivative works based on the Work, including without limitation, compilations, collective works, and anthologies;
(iii) indexing the Work in electronic databases, indexes, catalogues, the Smart Contracts, or ledgers; and
(iv) hosting, storing, distributing, and reproducing one or more copies of the Work within a distributed file keeping system, node cluster, or other databases or causing, directing, or soliciting others to do so.
The Artist and all Users irrevocably release, acquit, and forever discharge Roya Edition and its subsidiaries, affiliates, officers, and successors of any liability for direct or indirect copyright or trademark infringement for Roya Edition's use of a Work in accordance with these Terms, including without limitation, Roya Edition solicitation, encouragement, or request for Users or third parties to host the Work for the purpose of operating a distributed database and Roya Edition's deployment or distribution of a reward, a token, or any other digital asset to Users or third parties for hosting Works on a distributed database.
Roya Edition account names are available on a first-come, first-served basis. Only one (1) username can be assigned to a public Ethereum wallet address. Usernames are not the User's intellectual property or personal property. Roya Edition reserves the absolute right to delete, modify or change a username associated with a User's wallet address without notice for actual or suspected violation of these policies.
Roya Edition prohibits username squatting and the practice of reserving usernames for future use, especially where there is a likelihood that the username may confuse or mislead others. Users violating this name squatting policy may be removed or renamed without notice. Attempts to sell, buy or solicit other forms of payment in exchange for usernames are prohibited and may result in permanent account suspension.
Roya Edition prohibits reserving inactive accounts for future use. Roya Edition has the absolute authority to delete or modify inactive users. Users that have not conducted any transactions on the Roya Edition Marketplace collected any Roya Edition Items or initiated any transaction on the Ethereum blockchain for six (6) months may be deleted without notice.
Roya Edition respects the intellectual property rights of others. Our policy is to respond promptly to any claim that content posted on the Site infringes the copyright or other intellectual property rights of any person. Roya Edition will use reasonable efforts to investigate notices of alleged infringement and will take appropriate action under the European Copyright Initiative act, and these Terms, including removing or disabling access to content claimed to be infringing and/or terminating accounts and access to the Site.
Roya Edition reserves the right to remove any Content that allegedly infringes another person's copyright or trademark rights, thereby restricting access to or visibility of the Work on the Site and restricting the Owner's ability to sell, access, or view the Work on the Marketplace. All transactions involving Roya Edition Items are conducted with the knowledge and assumption of the risk that the Item may subsequently be removed from the Roya Edition Site and Marketplace as a consequence of a User's violation of these Terms. Roya Edition shall not be liable to a Collector or Artist of an Item that was subsequently taken down by Roya Edition pursuant to a determination of a User's violation of these Terms.
Roya Edition implements a strict "repeat infringer" policy, which requires it to terminate a User's access to the Site and Smart Contracts, including restricting minting privileges and terminating a User's account if, under appropriate circumstances, the User is determined to be a repeat infringer. Roya Edition also reserves the right to restrict an Artist's account for reasons other than copyright infringement, such as but not limited to, minting pornographic, obscene, or hateful content, or excessive or suspicious minting conduct. We may at any time, without prior notice and in our sole discretion, remove such material and/ or terminate a User's account for submitting such material in violation of our Terms of Service.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, ROYA EDITION AND ITS OFFICERS, EMPLOYEES, DIRECTORS, SHAREHOLDERS, PARENTS, SUBSIDIARIES, AFFILIATES, AGENTS, AND LICENSORS DISCLAIM ALL WARRANTIES, CONDITIONS, AND REPRESENTATIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING THOSE RELATED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND THOSE ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, ROYA EDITION AND ITS AFFILIATES MAKE NO REPRESENTATIONS OR WARRANTIES ABOUT THE ACCURACY OR COMPLETENESS OF CONTENT AVAILABLE ON OR THROUGH THE SITE OR ABOUT PRODUCTS, THE VALUE OR TITLE OF ROYA EDITION ITEMS, OR THE CONTENT OF ANY THIRD-PARTY WEBSITES OR SERVICES LINKED TO OR INTEGRATED WITH OUR SITE. ROYA EDITION AND ITS AFFILIATES WILL HAVE NO LIABILITY FOR ANY: (A) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT; (B) PERSONAL INJURY OR PROPERTY DAMAGE RESULTING FROM YOUR ACCESS TO OR USE OF THE SITE OR CONSUMPTION OF ANY PRODUCTS; (C) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS OR OF ANY PERSONAL INFORMATION OR USER DATA; (D) ANY INTERRUPTION OF TRANSMISSION TO OR FROM THE SITE; (E) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED ON OR THROUGH THE SITE OR SERVICES BY ANY THIRD PARTY; (F) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED OR SHARED THROUGH THE SITE OR SERVICES; OR (G) LOSS OR DAMAGED CAUSED BY ANOTHER USER'S VIOLATION OF THESE TERMS.
TO THE EXTENT PERMITTED BY LAW, OUR COMPANY AND ITS AFFILIATES WILL NOT BE RESPONSIBLE FOR LOST PROFITS, REVENUES, DATA, FINANCIAL LOSSES, OR INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES.
TO THE EXTENT PERMITTED BY LAW, THE TOTAL LIABILITY OF OUR COMPANY AND ITS AFFILIATES, FOR ANY CLAIMS UNDER THESE TERMS, INCLUDING FOR ANY IMPLIED WARRANTIES, IS LIMITED TO THE TOTAL AMOUNT YOU PAID TO US IN FEES OVER THE PAST TWELVE (12) MONTHS.
Some jurisdictions do not allow the exclusion of certain warranties and limitations of liability provided in this Section. If you are in such a jurisdiction, some of the above limitations and disclaimers may not apply to you. To the extent we may not, as a matter of applicable law, disclaim any implied warranty or limit our liabilities, the scope and duration of such warranty and the extent of our liability will be the minimum permitted by applicable law.
YOU FURTHER REPRESENT AND WARRANT THAT YOU UNDERSTAND AND ARE WILLING TO ACCEPT THE RISKS ASSOCIATED WITH CRYPTOGRAPHIC SYSTEMS SUCH AS THE SMART CONTRACTS, THE ETHEREUM BLOCKCHAIN, NON- FUNGIBLE TOKENS, AND THE INTERPLANETARY FILE SYSTEM. WE WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSSES YOU INCUR AS THE RESULT OF YOUR USE OF THE ETHEREUM NETWORK OR THE METAMASK ELECTRONIC WALLET, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES, OR CLAIMS ARISING FROM: (A) USER ERROR, SUCH AS FORGOTTEN PASSWORDS OR INCORRECTLY CONSTRUED SMART CONTRACTS OR OTHER TRANSACTIONS; (B) SERVER FAILURE OR DATA LOSS; (C) CORRUPTED WALLET FILES; (D) UNAUTHORIZED ACCESS OR ACTIVITIES BY THIRD PARTIES, INCLUDING BUT NOT LIMITED TO THE USE OF VIRUSES, PHISHING, BRUTE-FORCING OR OTHER MEANS OF ATTACK AGAINST THE PLATFORM, ETHEREUM NETWORK, THE METAMASK,WALLET CONNECT ,BINANCE WALLET CONNECT, ELECTRONIC WALLET OR ETHEREUM-COMPATIBLE BROWSER OR WALLET.
ROYA EDITION IS NOT RESPONSIBLE FOR LOSSES DUE TO BLOCKCHAINS OR ANY OTHER FEATURES OF THE ETHEREUM NETWORK OR THE METAMASK ELECTRONIC WALLET OR ANY ETHEREUM-COMPATIBLE BROWSER OR WALLET, INCLUDING BUT NOT LIMITED TO LATE REPORTS BY DEVELOPERS OR REPRESENTATIVES (OR NO REPORT AT ALL) OF ANY ISSUES WITH THE BLOCKCHAIN SUPPORTING THE ETHEREUM NETWORK, INCLUDING FORKS, TECHNICAL NODE ISSUES, OR ANY OTHER ISSUES HAVING FUND LOSSES AS A RESULT.
Upgrades by Ethereum to the Ethereum platform, a hard fork in the Ethereum platform, or a change in how transactions are confirmed on the Ethereum platform may have unintended, adverse effects on all blockchains using the ERC-20 or ERC-721 standards, including the Roya Edition ecosystem.
You acknowledge that the Platform is subject to flaws and acknowledge that you are solely responsible for evaluating any code provided by the Platform. This warning and others provided in this Agreement by Roya Edition in no way evidence or represent an on-going duty to alert you to all of the potential risks of utilizing or accessing the Platform. The Platform may experience sophisticated cyber-attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions to or delays on the Platform. You agree to accept the risk of the Platform failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks, and you agree not to hold us accountable for any related losses. We will not bear any liability, whatsoever, for any damage or interruptions caused by any viruses that may affect your computer or other equipment, or any phishing, spoofing, or other attacks.
The prices of blockchain assets are extremely volatile. Fluctuations in the price of other digital assets could materially and adversely affect the value of your Roya Edition Items, which may also be subject to significant price volatility. A lack of use or public interest in the creation and development of distributed ecosystems could negatively impact the development of the Roya Edition ecosystem and, therefore, the potential utility or value of Roya Edition Items. The Platform, ROY, and digital assets could be impacted by one or more regulatory inquiries, regulatory actions, or legislative policies, which could impede or limit the ability of Roya Edition to continue to develop the Roya Edition Platform, or which could impede or limit your ability to access or use the Platform or Ethereum blockchain. Roya Edition Items may be encumbered by actual or possible copyright or trademark claims against the Item.
Use of the Platform, including the creating, buying, or selling trading digital assets, may carry financial risk. Digital assets are, by their nature, highly experimental, risky, volatile, and transactions carried through the Platform are irreversible, final and there are no refunds. You acknowledge and agree that you will access and use the Platform at your own risk. The risk of loss in trading digital assets can be substantial. You should, therefore, carefully consider whether creating, buying, or selling digital assets is suitable for you in light of your circumstances and financial resources. By using the Platform, you represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of a given transaction and the underlying digital assets. You represent that you have sufficient knowledge, market sophistication, professional advice, and experience to make your own evaluation of the merits and risks of any transaction conducted via the Platform or any underlying digital asset. You accept all consequences of using the Platform, including the risk that you may lose access to your digital assets indefinitely. All transaction decisions are made solely by you. Notwithstanding anything in this Agreement, we accept no responsibility whatsoever for and will in no circumstances be liable to you in connection with the use of the Platform for performing digital asset transactions. Under no circumstances will the operation of all or any portion of the Platform be deemed to create a relationship that includes the provision or tendering of investment advice.
These Terms may be discretionarily modified or replaced at any time unless stated otherwise herein. The most current version of this Agreement will be posted on the Site with the "Last Revised" date at the top of the Agreement changed. Any changes or modifications will be effective immediately upon posting the revisions to the Site. You shall be responsible for reviewing and becoming familiar with any such modifications. You waive any right you may have to receive specific notice of such changes or modifications. Use of the Platform by you after any modification to the Agreement constitutes your acceptance of the Agreement as modified. If you do not agree to the Agreement in effect when you access or use the Platform, you Platform. We may, at any time and without liability or prior notice, modify or discontinue all or part of the Platform (including access to the Platform via any third-party links).
The User acknowledges that Roya Edition may modify, change, amend, or replace one or more of the Smart Contracts from time to time. The User agrees that a modification to one or more of the Smart Contracts does not alter any right or obligation conferred by these Terms.
Users may voluntarily contact Roya Edition to report serious misuses of the Roya Edition Platform, including, for example, suspicious market activity, hate speech, or other serious violations of these Terms. User agrees to keep confidential all private correspondence with any members of the Roya Edition Team pertaining to another member's alleged violation of these Terms or other inquiries about Roya Edition's policies.
You agree to indemnify and hold harmless our company and its affiliates from and against any and all claims, costs, proceedings, demands, losses, damages, and expenses (including, without limitation, reasonable attorney's fees and legal costs) of any kind or nature, arising from or relating to, any actual or alleged breach of these Terms by you, a co-conspirator, or anyone using your account. If we assume the defense of such a matter, you will reasonably cooperate with us in such defense.
If any provision of these Terms is found to be unlawful or unenforceable, then that provision will be deemed severable from these Terms and will not affect the enforceability of any other provisions.
You may terminate these Terms at any time by canceling your account on the Platform and discontinuing your access to and use of the Platform. You will not receive any refunds if you cancel your account or otherwise terminate these Terms. You agree that we, in our sole discretion and for any or no reason, may terminate these Terms and suspend and/or terminate your account(s) for the Platform. You agree that any suspension or termination of your access to the Platform may be without prior notice and that we will not be liable to you or to any third party for any such suspension or termination. If we terminate these Terms or suspend or terminate your access to or use of the Platform due to your breach of these Terms or any suspected fraudulent, abusive, or illegal activity, then termination of these Terms will be in addition to any other remedies we may have at law or in equity. Upon any termination or expiration of these Terms, whether by you or us, you may no longer have access to information that you have posted on the Platform or that is related to your account, and you acknowledge that we will have no obligation to maintain any such information in our databases or to forward any such information to you or to any third party.
Neither party may assign or transfer any rights or obligations under this Agreement without the prior written consent of the other party, provided that Roya Edition may assign this Agreement without your prior consent to any of Roya Edition affiliates or to its successors in interest of any business associated with the services provided by Roya Edition. This Agreement shall be binding upon the permitted assigns or transferees of each party.
These Terms are governed by Swedish Law. Any dispute that may arise between the contracting parties regarding the interpretation or execution of these Terms will be subject to the exclusive jurisdiction of the Stockholm District Court. The failure by us to enforce any right or provision of these Terms will not prevent us from enforcing such right or provision in the future. We may assign our rights and obligations under these Terms, including in connection with a merger, acquisition, sale of assets or equity, or by operation of law.