Common use of Recognised Blockchain Clause in Contracts

Recognised Blockchain. The Licence applies only to the [NFT Project Name] NFTs on the blockchain that the Creator, in its sole discretion, may designate, which designation shall apply retroactively. Thus, for example, if a fork or other event purports to result in duplicate [NFT Project Name] NFTs, only the [NFT Project Name] NFTs recorded on the blockchain designated by the Creator will be eligible to receive the benefit of the Licence. Any licence purportedly granted hereunder to the owner of a non-fungible token recorded on a blockchain not designated by the Creator is void ab initio.

Appears in 4 contracts

Samples: Licence Agreement, Licence Agreement, Licence Agreement

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