Legal

Terms and Conditions

Terms and Conditions for Decentraland Property NFTs

Introduction

These terms govern the sale, purchase, and transfer of Non-Fungible Tokens (NFTs) representing virtual properties in Decentraland. By engaging in transactions related to Decentraland Property NFTs, you agree to these terms.

Eligibility

To participate, you must be at least 18 years old or the age of majority in your jurisdiction and must have the legal capacity to enter into a contract.

Ownership and Rights

Ownership of a Decentraland Property NFT confers ownership of the corresponding virtual property in Decentraland, subject to the limitations set out herein.

  • The owner has the right to sell, transfer, or lease their property NFT, but these actions must comply with Decentraland’s community guidelines and applicable laws.

    Purchase and Sale

    Transactions must be conducted through approved platforms using Ethereum or other accepted cryptocurrencies.

  • Buyers are responsible for ensuring that they understand the nature of NFTs and blockchain-based transactions.

    Fees and Taxes

    Buyers and sellers are responsible for any fees related to the transaction, including but not limited to transaction fees, network gas fees, and platform fees.

  • All parties are responsible for the taxes arising from the transaction of NFTs.

    Use of Virtual Property

    Properties may be used for personal, commercial, or promotional purposes, provided they do not violate any laws, regulations, or rights of other users.

    Prohibited Activities

    Users must not engage in activities that involve the use of Decentraland Property NFTs for illegal purposes, including but not limited to money laundering, illegal gambling, or the financing of terrorism.

    Intellectual Property

    Purchasing a property NFT does not transfer any intellectual property rights related to the design, layout, or branding of Decentraland, unless explicitly stated.

    Dispute Resolution

    Any disputes related to transactions of Decentraland Property NFTs will be resolved through arbitration in accordance with the rules of the American Arbitration Association.

    Amendments

    These terms can be amended at any time by posting a revised version on the relevant platform. Continued use of the platform after such amendments constitutes acceptance of the new terms.

    Liability Limitations

    The platform facilitating the transaction of Decentraland Property NFTs is not responsible for any loss or damage incurred as a result of transaction failures, fraudulent activities, or any other issues arising from the use of blockchain technology.

    Governing Law

    These terms are governed by the laws of NSW, Australia in which the platform operates, excluding its conflict of law principles.