1. Overview
These Terms of Use (“Terms”) govern the ownership and usage of NFTs from the GENESIS Artwork collection (“GENESIS NFTs” or “NFTs”), released as part of the PORTAL POINT project (“Project”, “we”, “us”).
By purchasing, receiving, or interacting with any GENESIS NFT, you acknowledge that you have read, understood, and agree to be bound by these Terms.
2. About GENESIS NFTs
GENESIS NFTs are unique digital assets that provide their holders with:
- Access to entire worlds within the PORTAL POINT game;
- Participation in shaping the lore and narrative development of those worlds;
- Collectible and aesthetic benefits within the broader PORTAL ecosystem;
- The potential to receive in-game perks, such as non-guaranteed royalty bonuses linked to activity within associated worlds.
Important: GENESIS NFTs do not provide ownership rights in the underlying intellectual property, any equity interest in the project or its creators, or any guaranteed financial return.
3. Not an Investment or Security
GENESIS NFTs are not:
- Securities or investment contracts under the U.S. Securities Act of 1933;
- Financial instruments or digital representations of equity, dividends, or profit-sharing;
- Products marketed or intended as financial investments.
You expressly agree that you are not purchasing GENESIS NFTs as an investment, and the Project makes no representations or warranties regarding any future value, resale potential, or income from these NFTs.
4. License and Usage Rights
As a holder of a GENESIS NFT, you are granted a limited, non-exclusive, non-transferable, revocable license to use, display, and share the associated artwork and metadata for personal, non-commercial purposes only.
You may not use the GENESIS NFTs or related content in any commercial context without prior written permission.
5. Disclaimers and Limitation of Liability
The PORTAL POINT team and affiliated entities shall not be held liable for:
- Loss of NFT or wallet access;
- Volatility or depreciation in market value;
- Network or platform disruptions on the TON blockchain, Telegram, or IPFS;
- Regulatory changes or actions affecting your ability to use, access, or transfer the NFTs.
Use of the GENESIS NFTs is at your own risk.
6. Governing Law & Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of the United States, specifically under the jurisdiction of the State of Delaware, without regard to its conflict of law principles.
Any disputes arising out of these Terms shall be subject to the exclusive jurisdiction of the courts located in Delaware, USA.
7. Regulatory Disclaimer
You acknowledge and agree that blockchain technologies and NFTs are rapidly evolving and may be subject to increased regulation. We reserve the right to modify our policies or restrict functionality to comply with future regulations in the U.S. or internationally.
8. Amendments
We may update these Terms from time to time. Any such changes will take effect immediately upon publication. Continued use or ownership of GENESIS NFTs after updates constitutes acceptance of the revised Terms.