Terms and Conditions

Last changed: 20 Sep 2022 Valid from: 26 Sep 2022

Please read through these terms ("Agreement") carefully prior to interacting with any WOAI programmes, websites, smart contracts, NFTs, or services.

01. General Terms and Conditions

World of AI ("WOAI") is a collection of digital artworks (NFTs) running on a blockchain network. The website available at woai.io is only one possible interface allowing participants to mint, generate, view, and otherwise interact with WOAI NFTs. Users are entirely responsible for the safety and management of their own private keys and other means of accessing their NFTs. Furthermore, users are entirely responsible for verifying any contract approvals, transactions, signatures and other blockchain interactions generated by the website (woai.io) before approval. WOAI does not have the ability to undo, reverse, or restore any transactions or actions undertaken by the user.

01.01. The Website

The website hosted at woai.io ("Website") and its connected services, including but not limited to subdomains, aliases, or other web resources provided by WOAI, are provided "as is" and "as available" without warranty of any kind. By using the Website you are accepting sole responsibility for any and all transactions involving WOAI NFTs.

01.02. Disclaimer of Direct, Incidental, Speculative, Consequental, Indirect, or Special Damages

Neither WOAI or any party affiliated, directly or indirectly, with WOAI will be liable to the other party for direct, incidental, speculative, consequental, indirect, or special damages, or for lost profits arising from or relating to transacting or interacting with any WOAI programmes, websites, smart contracts, NFTs, or services.

01.03. Third-Party Technologies

WOAI may use technologies provided by third-parties to produce NFTs. If an NFT has been generated using a third-party technology, the user must ensure that they comply with all terms, content policies, and any other relevant agreements. WOAI expressly disclaims any damages related to the user's inability to adhere with these terms. Furthermore, the copyright and licencing policy of the third-party, where relevant, will always be considered senior to the terms set in this Agreement.

01.04. Fees and Payment

If you elect to purchase any WOAI NFT, any financial transactions that you engage in will be conducted solely through the relevant blockchain network. Some blockchain networks may require the payment of transaction, processing, or other fees (such as the 'Gas Fee' on Ethereum) for every transaction that occurs on the relevant blockchain network. These fees will need to be paid by the user, or some other third-party. WOAI will not reimburse any such fees to the user or any other party.

01.05. Ownership

  1. You Own the NFT. When you purchase or mint an NFT, you also own the underlying metadata and art completely, unless otherwise stipulated in the terms of relevant NFT or in the terms of technology used to derive, produce, modify, or create the art work for the NFT. Ownership of the NFT is emdiated entirely by the Smart Contract and the relevant blockchain: at no point may WOAI seize, freeze, or otherwise modify the ownership of any WOAI NFT.
  2. Personal Use. Subject to your continued compliance with this Agreement, WOAI grants you a worldwide, royalty-free licence to use, copy, display, modify, and derive from the purchased or minted NFT, subject to any and all terms, content policies, and other relevant agreements related to the technology used to generate the NFT. You may do so solely for the following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase, sale, lending, and/borrowing of your NFT, provided that the marketplace cryptographically verifies each NFT owner's rights to display the NFT; or (iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your NFT, provided that the website/application cryptographically verifies each NFT owner's rights to display the NFT.
  3. Commercial Use. Subject to your continued compliance with this Agreement, WOAI grants you an unlimited, worldwide licence to use, copy, display, modify, and derive from the purchased or minted NFT, subject to any and all terms, content policies, and other relevant agreements related to the technology used to generate the NFT.
  4. Intellectual Property. Other than rights to the NFT metadata and artwork, nothing herein gives you any rights to any other trademarks or other intellectual property rights belonging to WOAI.

01.06. The Smart Contracts

The smart contracts deployed by WOAI or its affiliates ("Smart Contracts") are provided "as is" and "as available" without warranty of any kind. By using the Smart Contracts you are accepting sole responsibility for any and all transactions involving WOAI NFTs. Furthermore, WOAI expressly disclaims any and all damages, including but not limited to hacks, drained funds, or unauthorised transactions, arising from a flaw or error in the Smart Contracts.

01.07. Risk Assumption

You accept and acknowledge each of the following:

  1. To the extent that you sell, lend, borrow, purchase, or mint an NFT, please be aware that the prices of NFTs are extremely volatile and fluctuations in prices of other NFTs may impact the price of your NFT positively and/or negatively. Given this volatility, WOAI NFTs should not be considered an investment. You assume all risks in that connection.
  2. It remains your sole responsibility to assure that the purchase of an NFT and the associated metadata and artwork is in compliance with laws and regulations in your jurisdiction.
  3. You assume all risks associated with WOAI's ability to extract, transform, load, host and serve the metadata and artwork of your NFTs. WOAI recommends you to copy all relevant metadata and artwork of your NFT, should WOAI be unable to serve the contents. Some WOAI NFTs may have a planned sunsetting or migration date. In these cases you understand and assume the risks associated with such actions.
  4. You assume all risks associated with using an Internet-based currency.
  5. NFTs, artificial intelligence, and blockchain technology are relatively new and the regulatory landscape is unsettled. New regulations could negatively impact such technologies impacting the value of your NFT. You understand and accept all risk in that regard.
  6. You assume all responsibility for any adverse effects of disruptions or other issues impacting the relevant blockchain network, blockchain platform, hosting services, storage services, and other services provided by WOAI.

01.08. Indemnification

You agree to hold harmless and indemnify WOAI and its subsidiaries, affiliates, officers, agents, employees, advertisers, licensors, suppliers, or partners from and against any claim, liability, loss, damage of any kind of nature, suit, judgement, and litigation cost arising out of or in any way related to your breach of this Agreement, your misuse of the Website, or your violation of applicable laws, rules, or regulations in connection with your access to or use of the Website or the Smart Contracts.

01.09. Sanctioned Individuals and Entities

By interacting with the WOAI Smart Contracts or Website you represent and warrant that you, or the entity you represent, does not belong to any sanctions list that could prohibit you from interacting with the Smart Contracts or Website. These sanctions lists include but are not limited to the OFAC Specially Designated Nationals.

01.10. Children

WOAI Website or Smart Contracts are not inteded for use by children. By using the Website or Smart Contracts, you represent and warrant that you of legal age.

01.11. Changes to This Agreement

The terms and conditions of this Agreement are valid starting from the date defined in the beginning of this Agreement. WOAI reserves the right to prospectively change the terms and conditions hereof at any time without notice.

02. WOAI/Zero

WOAI/Zero is an NFT collection consisting of 2500 NFTs mintable for the price of 0.05 Ether on the Ethereum blockchain. These NFTs ("Zeros") can be minted beginning Sep 6 2022, 12:00 UTC by anyone holding a valid Ethereum wallet with adequate funds, given they meet the terms defined in section 01.

02.01. Role of OpenAI, L.L.C.

Zeros utilise OpenAI, L.L.C's ("OpenAI") DALL-E 2 to generate artwork from user defined input to the Zeros' Smart Contracts. WOAI is not affiliated, associated, expressly authorised, endorsed by, or in any way officially connected with OpenAI, or any of its subsidiaries or its affiliates. The website of OpenAI can be found at https://openai.com/

The names OpenAI and DALL-E 2 as well as related names, marks, emblems, and images are registered trademarks of their respective owners.

By interacting with Zeros, you represent and warrant that you, or the entity you represent, has carefully read, accepted, and abides by all the relevant terms, conditions, policies, and other agreements set by OpenAI in relation to any of the NFTs that are a related to OpenAI's technologies.

02.02. Reserved Zeros

WOAI reserves the right to mint 125 Zeros for its own use.

02.03. Generating Zeros

Zeros give the users a right to an NFT on the Ethereum blockchain. The owner of a Zero can set the "generator value" of the relevant Zero once by interacting with the Zeros' Smart Contract. This generator value is used by WOAI to produce an image representation of the generator value. This image representation is then uploaded to a hosting service. Upon doing so, the artwork of the NFT changes irreversibly. By setting a generator value, you represent and warrant that you, or the entity you represent, understand that the action can only be done once and is irreversible. Furthermore, setting an invalid generator value, as defined by the OpenAI Content Policy, may lead to the destruction or unexpected modification of the NFT. Additionally, WOAI reserves the right to limit the setting of generator values by automated and manual means. WOAI makes no warranties as to the timeliness of updating the metadata, including but not limited to the image of the NFT.

02.04. Minting Zeros

Zeros can only be minted by entities residing outside of the EU. Minting of Zeros by individuals, businesses, or other entities based within the EU or EEA is expressly prohibited.

02.05. Secondary Sales of Zeros

Zeros can only be sold on secondary platforms based outside of the EU. Secondary sales of Zeros that invoke the payment of royalties is expressly prohibited on platforms based in the EU or EEA.