LAST HOPIUM TERMS AND CONDITIONS

(Effective February 9th, 2022) 

Table of Contents

  1. Acceptance of NFT Terms
  2. Overview of the NFTs site
  3. Specific Terms for NFT Creators
  4. Gas Fees and Payment
  5. Assumption of Risks
  6. Sophistication and Risk of Cryptographic Systems
  7. Risk of Weaknesses or Exploits in the Field of Cryptography
  8. Use of Crypto Assets
  9. Non-fungible tokens are not an investment
  10. Ownership
  11. Contacts


PLEASE READ CAREFULLY

  1. Acceptance of NFT Terms

Welcome to the Last Hopium.io NFTs site. These Terms and Conditions (“NFT Terms”) constitute a legally binding agreement between Last Hopium (“Last Hopium”, “we”, “us” or “our”) and each registered or unregistered end user (each, a “User”, “you” or “your”) of the Last Hopium.io NFTs site located at Last Hopium.io or such other URL as may be designated by Last Hopium from time to time. The NFT Terms regulate your access to and use of the NFTs site. By accessing and using the NFTs site (including by purchasing or minting on any items herein), you are deemed to have read, accepted, and agreed to be bound by these Last Hopium NFT Terms. We may change or amend these NFT Terms at any time at our sole discretion. Any changes to these NFT Terms will be in effect as of the “LAST REVISED” date referred to at the top of this page. You acknowledge and agree that the form and nature of the NFTs site, and any part of it, may change from time to time without prior notice to you, and that we may add new or remove existing features and change any part of the NFTs site.

  1. Overview of the NFTs site

The NFTs site provides you with the ability to create (or, as we call it, a mint), sell, buy, collect, exchange, display and otherwise transact certain digital media and works of art including real world art objects („NFT Media“) that can be represented as Last Hopium non-fungible tokens („NFT“) on opensea. 

  1. Specific Terms for NFT Creators 

As part of the NFTs site, Last Hopium offers a platform (the “NFT Platform”) which allows users to create, mint and sell NFTs (the “Last Hopium NFTs”) associated with Last Hopium NFT token. Participants or users hereby grants to Last Hopium a perpetual, irrevocable and exclusive right and license to use, reproduce, display the Creator’s NFT Media in connection with the promotion of the Creator’s NFT Media. 

As reasonably requested by Last Hopium, all participants will support Last Hopium in the promotion or marketing of each Creator’s NFTs through participation in the marketing activities as agreed upon by the parties. 

  1. Gas Fees and Payment

The Last Hopium NFT can be purchased via Opensea. Opensea requires the payment of a transaction fee (a “Gas Fee”) for every transaction that occurs on the network. The Gas Fee funds the network of computers that run the decentralized Ethereum network. This means that you will need to pay a Gas Fee for each transaction. 

We do not provide refunds for any purchases that you might make on or through the NFTs site – whether for NFTs or anything else. You will be solely responsible to pay any and all sales, use, value-added and other taxes, gas fees, and assessments (except taxes on our net income) now or hereafter claimed or imposed by any governmental authority associated with your use of the NFTs site or NFTs, except for income taxes levied on us as a result of such purchases of NFTs. 

  1. Assumption of Risks

Any purchase or sale you make, accept will be entirely at your risk. You acknowledge that you have obtained sufficient information to make an informed decision to purchase an NFT, including carefully reviewing the code of the smart contract and the NFT and fully understand and accept the functions of the same. Certain parts of the NFTs site may display, include or make available content, data, information, applications or materials from third parties (“Third Party Materials”). 

  1. Sophistication and Risk of Cryptographic Systems

By utilizing the Last Hopium Tools, the Site or interacting with the Tools or platform or anything contained or provided therein in any way, you represent that you understand the inherent risks associated with cryptographic systems; and warrant that you have an understanding of the usage, risks, potential bugs based on novel technology (where applicable), and intricacies of native cryptographic tokens, like Ether (ETH) and Bitcoin (BTC), smart contract based tokens such as those that follow the Ethereum Token Standard and blockchain-based software systems.

  1. Risk of Weaknesses or Exploits in the Field of Cryptography

You acknowledge and agree that cryptography is a progressing field. Advances in code cracking or technical advances such as the development of quantum computers may present risks to smart contracts, cryptocurrencies and the tools, which could result in the theft or loss of your cryptographic tokens or property, among other potential consequences. By using the Tools you acknowledge and agree to undertake these risks.

  1. Use of Crypto Assets

There are risks associated with using an Internet-based currency, including, but not limited to, the risk of hardware, software and Internet connections failure or problems, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your wallet. You accept and acknowledge that Last Hopium will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Ethereum network or similar device for processing transactions, however caused.

  1. Non-fungible tokens are not an investment
     

All Last Hopium NFTs are merely collectibles and should be treated as such. The Last Hopium collectibles is determined by user interest, adoption, and social adoption. As a participant, you agree that your purchase of the Last Hopium NFT collection is just as a collectible and have no inherent monetary value. 

 

By minting Last Hopium from our website or the smart contract; you acknowledge that you have read, and do hereby accept these terms and conditions.

  1. Ownership

If you purchase a Last Hopium NFT collectibles, you own the NFT. Each Last Hopium NFT belongs to the user who purchase and holds it in a wallet. Last Hopium grants you a worldwide, royalty-free license to personal and commercial use, copy, and display the purchased collectibles, along with any extensions that you choose to create or use, solely for your own personal, non-commercial use. As part of a marketplace that permits the purchase and sale of your NFT, provided that the marketplace cryptographically verifies each Last Hopium owner’s rights to display the Art freely. 

Owning a Last Hopium collectible NFT does not grant you the rights to duplicate, steal, remake, or redo any of the artwork associated with Last Hopium.

11. Contacts

If you have any questions or comments about the NFTs site or these NFT Terms please contact the customer support team at Last Hopium discord.