OpenSea NFT Terms: The Helga Norse Music Catalog Collection
Welcome to the Helga Norse Music Catalog NFT Collection. These Terms of Sale ("Terms") govern your purchase of a non-fungible token ("NFT") from the “Helga Norse Music Catalog” collection (the “Collection”) on the OpenSea marketplace. These NFTs represent a unique digital collectible and grant you specific rights and perks related to a musical composition created by Helga Norse.
By purchasing an NFT from this Collection, you (“Holder,” “you,” or “your”) expressly agree to be bound by these Terms and all applicable laws. If you do not agree with these Terms, you may not purchase or hold an NFT from this Collection.
Helga Norse is on a mission to create one AI-fueled song per week, drawing inspiration from global events and cultures. This project will result in hundreds of unique tracks, each minted as a corresponding NFT. The future of music is community-driven, and these Terms outline how you can be a part of it.
When you purchase an NFT from the Collection, you own the NFT itself as a digital token on the blockchain. Ownership of the NFT is governed by the smart contract and the license granted herein. The copyright to the underlying musical composition (the “Song”) is not sold to you and remains with Helga Norse and its licensors.
Your purchase of an NFT grants you, for as long as you verifiably own the NFT, a worldwide, non-exclusive, royalty-bearing license to the associated Song, including the following specific perks and rights:
Royalties from the Song’s exploitation (your 25% share) will be collected by Helga Norse or its designated agent. Distributions to the Holder of record will be made once per year, on the anniversary of the NFT's original minting date. Payments will be made in ETH, USDT or USDC to the Ethereum wallet address that holds the NFT on the distribution date.
Please Note: If the accrued royalty amount for a given year is less than $5.00 (USD), the payment will be deferred and added to the following year's distribution. No payments will be issued for amounts under $5.00 until the cumulative total meets or exceeds that threshold.
Curation Process: Not every Song created weekly will be commercially distributed on streaming platforms (e.g., Spotify, Apple Music, Amazon Music). Approximately four (4) Songs per month will be selected for distribution, some might be rejected from streaming platforms.
The license granted is subject to the following restrictions. You may not:
THE NFT AND ALL RELATED ASSETS ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND. HELGA NORSE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED. IN NO EVENT SHALL HELGA NORSE, ITS AFFILIATES, OR HELGA NORSE BE LIABLE FOR ANY INDIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATED TO YOUR PURCHASE, USE, OR INABILITY TO USE THE NFT.
Helga Norse reserves the right to modify these Terms at any time. We will provide notice of material changes by updating the "Last Updated" date and posting the new Terms on our website and official social channels. Your continued ownership of the NFT after such changes constitutes acceptance of the new Terms.
For any questions regarding these Terms, please contact us at admin@helganorse.com
Our support team is here to assist you with any questions or issues you might have.
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