Collectable Tokens  

Collect 3 collectables from creators from the same country and receive a token which acts as your membership to the country's community space in the metaverse.


About Provvy Collectables

Each creator who joins Provvy has their creations allocated to a collection from a country based on where the creator is from and where they live. Provvy does this to recognise and celebrate where creators and creations come from.

All Provvy collectibles allocate a portion of their sale proceeds to climate action projects globally through our partnership with One Tree. Provvy being Indigenous founded is built on the First-nations value of the founder including love for the land.


This license is designed to accompany all Collectible NFTs listed, sold and transferred on the Provvy marketplace. To check whether the NFT you've listed or purchased is a Collectible NFT, you can search the listing to view the category of the NFT located at the top of the listing.

Collectible NFTs are non-fungible tokens that are sold and traded purely for entertainment.

Provvy's Collectible NFT Purchase and License Agreement

 

This license is designed to address the tokenisation of creative assets such as paintings, drawings, designs and photos (“art”) using blockchain technologies and outline a user’s rights as the owner of a non-fungible token (“NFTs”). Provvy’s license centers around the three different types of NFTs that Provvy offers its creatives and users. These 3 different NFT types contain 3 different utilities for users. These are: (1) Collectible NFTs, (2) Fanshare NFTs, (3) Permit NFTs. This particular license is for type (1) Collectible NFTs.

1. Definitions.

"License" means authorize the use, performance, or release of (something).

"Tokenisation" means a process where some form of assets are converted into a token that can be moved, stored, or recorded on a blockchain.

"creative" means a person whose job involves creative work.

"assets" means an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

"blockchain technologies" means a decentralized, distributed ledger that records the provenance of a digital asset.

“Art” means any artwork, paintings, drawings, designs, illustrations and photo’s that are associated with blockchain technologies.

"NFT" means cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.

 

2. Intellectual Property Ownership.

You acknowledge and agree that the Creator (or, as applicable, its licensors) owns all legal right, title and interest in and to the Art, and all intellectual property rights therein. The rights that you have in and to the Art are limited to those described in this License. Creator reserves all rights in and to the Art not expressly granted to you in this License.

3. Collectibles NFT License.

(i) Subject to your continued compliance with the terms of this License, the Creator grants you a worldwide, non-exclusive, non-transferable, royalty-free license to use, copy, and display the Art for your Purchased NFTs, 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 NFTs, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs 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 NFTs, provided that the website/application cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs 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 NFT leaves the website/application.

 

4. Restrictions.

You agree that you may not, nor permit any third party to do or attempt to do any of the foregoing without Creator’s express prior written consent in each case: (i) modify the Art for your Purchased NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes (your use of Extensions will not constitute a prohibited modification hereunder); (ii) use the Art for your Purchased NFTs to advertise, market, or sell any third party product or service; (iii) use the Art for your Purchased NFTs 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) use the Art for your Purchased NFTs in movies, videos, or any other forms of media (b) above or solely for your own personal, non-commercial use; (v) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the Art for your Purchased NFTs (vi) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Art for your Purchased NFTs; or (vii) otherwise utilize the Art for your Purchased NFTs for your or any third party’s commercial benefit.

  1. Terms of License.

The license granted in Section 3 above applies only to the extent that you continue to Own the applicable Purchased NFT. If at any time you sell, trade, donate, give away, transfer, or otherwise dispose of your Purchased NFT for any reason, the license granted in Section 3 will immediately expire with respect to those NFTs without the requirement of notice, and you will have no further rights in or to the Art for those NFTs.

 

  • What am I allowed to do with the art associated with my Collectible NFT?
    • Display the art for your own personal use. Use it as your profile photo on social media. You may display the art in a virtual art gallery.
  • What am I NOT allowed to do with the art associated with my NFT?
    • Use the art associated with your NFT in a way that breaches the intellectual property rights of the Creator which includes using the art on products sold for commercial gain etc.
  • What does “personal, non-commercial use” mean?
    • Non-commercial means something is not primarily intended for, or directed towards, commercial advantage or monetary compensation by an individual or organisation.
  • Why can’t I modify the art of my NFT?
    • The intellectual property in the art belongs to the creator unless included in the NFT license. The Collectible NFT license does not include any transfer of intellectual property.
  • Am I allowed to commercialise my art?
    • Not without the consent of the creator of the art.

 


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