Effective Date: January 26, 2026
Last Update: March 18, 2026
Update Notice
This update further refines the commercial framework governing the use of Hashed Skulls intellectual property.
The revisions introduce additional clarity regarding independent commercial use, including the explicit recognition of concurrent commercial activity between Hashed Skulls and NFT holders, ensuring that holder rights remain continuous and are not restricted by future brand-level licensing arrangements.
This update also establishes a structured approach to revenue verification, allowing Hashed Skulls, upon reasonable request, to obtain good faith summaries of commercial activity solely for the purpose of confirming compliance with applicable license terms.
Additionally, the update clarifies the treatment of commercial royalties, confirming that no royalties are owed within the permitted scope of this license, while reserving the ability to define royalty structures under separate agreements for activities exceeding the established thresholds.
These changes are intended to strengthen transparency, preserve holder autonomy, and support the long-term scalability of the Hashed Skulls brand.
No previously granted core holder rights have been removed or reduced. All changes apply prospectively and do not retroactively affect rights exercised in good faith prior to the Last Update date.
1. Acceptance and Scope
Hashed Skulls is a creative brand and intellectual property expressed through a limited collection of 1,000 unique NFT artworks (“Hashed Skulls NFTs”).
By purchasing, holding, or otherwise interacting with a Hashed Skulls NFT (“NFT”), you acknowledge that you have read, understood, and agreed to these License Terms.
2. License Grant
Ownership of a Hashed Skulls NFT grants the holder a limited, non-exclusive, worldwide license to use, display, and commercially exploit the specific artwork associated with that NFT, strictly in accordance with these License Terms.
This license exists solely while the NFT is held and automatically transfers to a new owner upon any valid sale or transfer. Upon transfer, all rights granted to the previous holder immediately terminate.
3. No Transfer of Brand or IP Ownership
The purchase of a Hashed Skulls NFT grants ownership of the digital token and a license to the associated artwork only.
It does not grant ownership, control, or any proprietary interest in the Hashed Skulls brand, including its name, trademarks, logos, visual identity, narrative universe, official lore, or any collective or brand-level intellectual property. All such elements remain the exclusive property of Hashed Skulls.
4. Permitted Commercial Use
While maintaining continuous ownership of a Hashed Skulls NFT, the holder is permitted to use the artwork associated solely with their specific NFT for independent commercial purposes.
This includes the creation and sale of merchandise, apparel, prints, physical goods, digital content, and independent creative projects derived from the holder’s specific NFT artwork.
Commercial use under this license is non-exclusive and does not grant exclusivity by category, territory, or market.
Commercial use is subject to a gross revenue limitation of one hundred thousand United States dollars (USD $100,000) per project, per calendar year, regardless of the number of Hashed Skulls NFTs used.
Any commercial activity that exceeds, or is reasonably expected to exceed, this threshold, or that involves structured retail distribution, organized commercial campaigns, institutional distribution, third-party brand partnerships, large-scale manufacturing, or coordinated commercial releases, requires a separate written licensing agreement with Hashed Skulls.
Hashed Skulls retains the right to commercially exploit the Hashed Skulls brand, artwork, and derivatives across all product categories, markets, and channels.
Such activities may occur concurrently with, and shall not restrict, the independent commercial activities of NFT holders operating within the permitted use defined in this license.
No commercial activity conducted by Hashed Skulls shall limit, revoke, or otherwise interfere with a holder’s right to continue producing and selling products derived from their specific NFT, provided the holder remains within the terms of this agreement.
Hashed Skulls may enter into commercial agreements, including exclusive arrangements at the brand or collection level.
However, such agreements shall not retroactively restrict or prohibit the continued commercial use of individual NFT artwork by holders under this license.
Where commercially and legally feasible, Hashed Skulls may, at its discretion, explore alignment, collaboration, or structured participation with holders. Nothing in this section shall be interpreted as creating an automatic entitlement to compensation, revenue participation, or expanded rights beyond those explicitly granted herein.
Reporting and Revenue Verification
Upon reasonable request by Hashed Skulls, the holder agrees to provide a good faith summary of commercial activities involving the artwork associated with their NFT, including a reasonable estimate of gross revenue generated from such activities.
Such requests shall be limited to verifying compliance with the terms of this license, including adherence to the applicable revenue thresholds.
The holder shall not be required to disclose confidential or sensitive business information beyond what is reasonably necessary to demonstrate such compliance.
Royalty Payments (Commercial Use)
No royalties are owed to Hashed Skulls for commercial use conducted within the permitted scope of this license.
Any commercial activity that exceeds the permitted revenue threshold, or that requires a separate licensing agreement under these terms, may be subject to royalties or other financial conditions, to be defined exclusively in a separate written agreement between the parties.
5. Derivative Works
Holders may create and commercially exploit derivative works based solely on the specific artwork associated with their individual NFT, including reasonable adaptation, stylization, formatting, and contextual use necessary for commercial exploitation.
This permission does not grant any rights to use the Hashed Skulls name, trademarks, logos, brand identity, narrative universe, or official lore.
Derivative works may not be presented as official, licensed, endorsed by, or affiliated with Hashed Skulls, nor may they be used to establish a standalone brand, collection, or recurring identity independent from the original NFT.
Derivative works may not be presented in a manner that creates a likelihood of confusion with officially licensed Hashed Skulls products, taking into account the scale, presentation, and overall market context of such use.
For the purposes of this section, product categories subject to official licensing shall be defined by Hashed Skulls as part of formal licensing agreements entered into with commercial partners.
Hashed Skulls shall exercise such discretion in good faith and in a commercially reasonable manner.
No trademark, copyright, or brand ownership rights may be registered or claimed in connection with any derivative work.
6. Tattoo Use
Tattoo artists are granted a limited, non-exclusive license to use Hashed Skulls artwork strictly for the purpose of tattooing.
This license is limited solely to tattoo application and does not permit merchandising, derivative products, or any other commercial use beyond tattooing without prior written authorization.
This permission applies solely to the physical tattooing of individuals and does not grant rights to reproduce the artwork in digital templates, flash sheets for sale, prints, or any other form of commercial distribution.
7. Prohibited Uses
Use of Hashed Skulls artwork in connection with hate speech, violence, unlawful political activity, explicit adult content, illegal conduct, or any activity that harms, dilutes, or misrepresents the Hashed Skulls brand or intellectual property is strictly prohibited.
Holders may not represent themselves, their products, or their projects as official, licensed, or endorsed by Hashed Skulls.
Nothing in these terms shall be construed as creating any partnership, joint venture, agency, fiduciary, or employment relationship.
8. Indemnification
Holders are responsible for their independent commercial activities. To the extent permitted by applicable law, holders agree to indemnify Hashed Skulls against claims, damages, or liabilities arising directly from their misuse of the artwork, violation of these License Terms, or unlawful commercial conduct.
This provision applies only to matters resulting from the holder’s own actions and does not extend to activities directly performed or authorized by Hashed Skulls.
9. Limitation of Liability
To the fullest extent permitted by applicable law, Hashed Skulls shall not be liable for any indirect, incidental, consequential, special, or punitive damages arising out of or related to the use of a Hashed Skulls NFT or any independent commercial activity conducted by a holder.
Hashed Skulls’ total aggregate liability under these License Terms shall not exceed the greater of (i) USD $1,000 or (ii) the amount directly received by Hashed Skulls from the initial primary sale of the NFT giving rise to the claim.
10. Force Majeure
Hashed Skulls shall not be liable for any delay, interruption, or failure to perform resulting from causes beyond its reasonable control, including but not limited to changes in laws or regulatory frameworks, governmental actions, blockchain network disruptions, smart contract failures not directly caused by Hashed Skulls, cybersecurity incidents, hosting or infrastructure outages, marketplace policy changes, or other technological events outside its control.
Nothing in this section shall excuse obligations that can reasonably continue to be performed despite such events.
11. Breach and Suspension
In the event of a material breach of these License Terms, Hashed Skulls reserves the right to suspend or terminate the holder’s license rights after providing reasonable notice through available contact methods.
Notice may be provided through direct communication when available, or through public notice on official Hashed Skulls channels when direct contact information is not accessible, in recognition of the decentralized nature of NFT ownership.
Immediate action may be taken where necessary to prevent significant harm to the brand or intellectual property.
12. Secondary Sales and Royalties
Upon any resale or transfer of a Hashed Skulls NFT, all license rights automatically transfer to the new owner under these same terms.
Hashed Skulls reserves the right to set and collect a five percent (5%) royalty on secondary market sales of Hashed Skulls NFTs, solely as implemented and enforced through applicable smart contracts and on-chain mechanisms, where technically supported.
Hashed Skulls does not impose any off-chain payment obligation, direct royalty collection requirement, or personal payment liability on NFT holders beyond what is natively executed by the underlying blockchain infrastructure.
13. Governing Law and Jurisdiction
These License Terms are governed by and construed in accordance with the laws of the Federative Republic of Brazil, including Federal Law No. 14,478/2022.
By acquiring a Hashed Skulls NFT, the holder expressly consents to Brazilian jurisdiction, regardless of country of residence. Any dispute shall be resolved exclusively in the courts of the State of Rio de Janeiro.
14. Amendments
Hashed Skulls reserves the right to update these License Terms at any time. Material changes shall not retroactively revoke rights already exercised in good faith prior to the effective date of such updates.