Akord

Customizing UDL

You can choose to customize the UDL for your Atomic NFT with the following options.

Access

Charge a one-time fee for access to your data.

If no access fee is specified, by default access to the data is free. If a value is specified, then the currency can be specified in the field below. By default the currency will be the $U token.

Derivations

You can grant the right to create derivative works, which is not allowed by default. Your options are:

  • Allowed With Credit – grants derivation rights but only if named credit is given, see Section 7 - Credit in the UDL terms.

  • Allowed With Indication – grants derivation rights but with the requirement that the derived work indicates the source content. This is used to identify the source content as compared with "Credit" which names the creator.

  • Allowed With License Passthrough – grants derivation rights but only if the license parameters of the original content are preserved in the derivative work.

  • Allowed With Revenue Share – grants derivation rights but only if a portion of the revenue is shared with the creator. This is defined as percentage.

Unknown rights

Unknown rights will cover usage for future uses that aren’t covered.

Including unknown rights means that if there are new digital formats, types of products, emerging technologies and developments of this nature, then the usage rights will be included. For example, in the future there may be a new way to display digital art that wasn't known when you this agreement was committed on-chain. If 'Unknown Rights' are included, the company or individual might automatically have the right to use your artwork in this new format.

Commercial Use

Grant the right to use the content for commercial purposes. You have the following options.

  • Allowed – grant licensees use of the content for commercial purposes.

  • Allowed With Credit – grant licensees use of the content for commercial purposes, but only if credit is given.

Data Model Training

Specify whether your data can be used for data model training.

By default usage for data model training is not allowed. If it is allowed there are the following options.

  • With One-Time Fee: you allow data model training use only with a one-time payment. The currency is specified in a later field, and by default is the $U token.

  • With Monthly Fee: you allow data model training with a monthly payment. The currency is specified in a later field, and by default is the $U token.

Currency

Currency paramater specifies the denomination or type of currency in which payment should be made. It is crucial to ensure that the chosen currency aligns with the owner address(es) associated with the asset. There are two scenarios:

  • Currency Not Provided – if the currency parameter is not present, the default currency for payment is assumed to be the $U token on the Arweave network. In this case, the owner address(es) should be Arweave network addresses, and payments will be made in $U tokens unless specified otherwise

  • Currency Provided – if the currency parameter is present, it overrides the default currency. This means that the payment terms, such as license fees, should be paid in the specified currency, and the corresponding owner addresses should be compatible with that currency.

    • Example: "AR" overrides the default $U token as the currency and denominates the payment in AR token.

Duration

The duration parameter is designated in years and allows you to indicate the duration for which the license terms are valid.

Payment address

The UDL supports a variety of payment methods and means of indicating which owner addresses should receive payments:

  • By default, if no payment address parameter is present, the address to receive payment is the one that signed the transaction that posted the content to Arweave.

  • If payment address parameter is present, it overrides the default payment recipient. This allows you to specify a separate Arweave wallet address for receiving payments, different from the address used to post the content transaction.

  • Additionally, when a smart contract is attached to the content transaction, the contract's tags are considered authoritative regarding the current ownership status, including proportional ownership if the contract is tokenized.

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