Vault – Terms and Conditions
Last Updated: September 28, 2024
Introduction
Welcome to Vault, a digital collectibles marketplace operated by Awen LLC. Vault enables users to buy, sell, and trade digital collectibles in the form of non-fungible tokens (NFTs) on the Cardano blockchain using NMKR technology. These Terms and Conditions (“Terms”) govern your access to and use of our website, platform, services, and any associated content (collectively, “Services”). By accessing or using Vault, you agree to comply with and be bound by these Terms. If you do not agree to these Terms, please do not use our Services.
1. Definitions
- “Vault”: The digital marketplace operated by Awen LLC.
- “NFT”: Non-fungible token, a unique digital asset based on blockchain technology.
- “User” or “You”: Refers to any individual accessing or using Vault.
- “Awen LLC”: The company responsible for operating Vault.
- “NMKR”: The Cardano-based tool for minting and selling NFTs.
2. Eligibility
By using Vault, you represent that you are at least 18 years of age and have the legal capacity to enter into contracts. You must comply with all applicable laws and regulations in your region when using Vault.
3. User Account
To participate in buying or selling NFTs, you must create an account. You are responsible for maintaining the confidentiality of your account credentials and for any activity that occurs under your account.
- You agree to provide accurate and complete information when registering for an account.
- You agree to notify Awen LLC immediately of any unauthorized use of your account.
4. Buying and Selling NFTs
Vault allows users to buy and sell NFTs through the Cardano blockchain using NMKR technology.
- Sales: Once a sale is completed, all transactions are final, and no refunds or exchanges are permitted, except as required by law.
- Royalties and Fees: Sellers may set royalties on NFTs sold. Vault may charge a transaction fee for the sale or transfer of NFTs, which will be displayed before finalizing the transaction.
- Ownership: When you purchase an NFT, you own the underlying digital collectible associated with the NFT but not the intellectual property rights to the content, unless explicitly stated.
5. Blockchain Technology
Vault operates on the Cardano blockchain, and NFTs are minted and transferred using NMKR technology.
- Decentralization: Vault is not responsible for the operation of the Cardano blockchain. Any disruption, delays, or failures in the blockchain may affect the use of NFTs.
- Irreversible Transactions: Transactions on the blockchain are irreversible. Once an NFT is transferred, the transaction cannot be undone.
- Gas Fees: Users are responsible for any blockchain transaction fees (gas fees) required for minting, transferring, or purchasing NFTs.
6. Intellectual Property
Awen LLC retains ownership of all intellectual property rights related to Vault, including logos, designs, and content not associated with third-party NFTs. Users are prohibited from copying, modifying, or distributing Vault’s content without express permission.
- Third-Party NFTs: Intellectual property rights associated with the digital content linked to NFTs remain with their respective creators, unless explicitly transferred.
7. User Responsibilities
When using Vault, you agree to the following:
- You will not engage in any unlawful or fraudulent activities on the platform.
- You will not use Vault for money laundering, terrorist financing, or any illegal activity.
- You will not attempt to gain unauthorized access to Vault or its infrastructure.
8. Limitation of Liability
Vault and Awen LLC provide the platform “as is” without any warranties, either express or implied. To the fullest extent permitted by law, Awen LLC disclaims all liability for any damages, including, but not limited to:
- Loss of NFTs due to technical issues, unauthorized access, or user error.
- Any disruption or failure of the Cardano blockchain or NMKR technology.
- Loss of data or revenue resulting from the use of Vault.
9. Termination
Awen LLC reserves the right to suspend or terminate your access to Vault for any reason, including breach of these Terms or any illegal activity. Upon termination, your access to Vault and any associated NFTs may be revoked.
10. Privacy Policy
By using Vault, you agree to the collection and use of personal information as described in our [Privacy Policy]. Vault will not sell or distribute your personal information to third parties without your consent.
11. Amendments
Awen LLC reserves the right to amend these Terms at any time. We will notify users of any significant changes, and your continued use of Vault after such changes constitutes your acceptance of the new Terms.
12. Governing Law
These Terms and your use of Vault shall be governed by the laws of the State of Wyoming, without regard to its conflict of laws principles.
13. Contact Information
If you have any questions or concerns about these Terms, please contact us at:
Awen LLC
1309 Coffeen Avenue STE 13973
Sheridan, WY 82801
14. Entire Agreement
These Terms constitute the entire agreement between you and Awen LLC regarding the use of Vault and supersede any prior agreements or understandings.