Collectr Terms of Service

Last Updated: June 19, 2024

Welcome to Collectr

By using Collectr, you agree to the following terms.

1. Overview of Collectr

Collectr enables users to mint NFTs. As the platform interacts with decentralized code hosted on the Base blockchain, there is no user registration, or custody of user funds, assets, or property. All transactions are executed via a smart contract, which automatically allocates payments among the designated parties as determined by the Collectr team.

By using the platform and minting our NFTs, users agree to waive their right to pursue legal action against Collectr and its affiliates, acknowledging that all transactions are final and any disputes must be resolved through the platform's decentralized mechanisms. Users also acknowledge and accept the inherent risks associated with blockchain technology and smart contracts, including but not limited to, potential loss of funds and technical malfunctions.

Collectr reserves the right to modify these terms at any time, with or without notice to users.

2. Definitions

  • Platform: The Collectr website and its associated services.
  • User: Anyone who uses the Collectr platform.
  • Artist: The individual or entity that creates the Digital Artwork featured on the platform each month.
  • Community: A group, project, or collective represented in the featured Digital Artwork each month.
  • Community Member: A member from the featured community, who is represented in the featured Digital Artwork.
  • Digital Artwork: The artwork created for usage by Collectr, illustrated by an artist and representing a community and its members.
  • NFT: The digital asset created on the blockchain that users purchase.
  • Smart Contract: A censorship-resistant and decentralized contract on the Base blockchain that accepts mint funds and provides the NFTs.

3. User Responsibilities

Users are responsible for any activities that occur under their interactions with the smart contract. They must ensure that their use of the platform complies with all applicable laws and regulations.

  • Compliance: Users must comply with all relevant laws and regulations, including those related to financial transactions and digital assets.
  • Security: Users are responsible for the security of their digital wallets and private keys. Collectr cannot recover lost or stolen private keys.

4. Payment and Transactions

Payments on Collectr are decentralized. When users send ETH to the smart contract to mint an edition, the payment is automatically split among the designated parties. These parties may include but are not limited to, Collectr, the featured community(ies), community member(s), and the artist(s).

  • Decentralized Payments: Users send ETH to the smart contract to mint an edition. The payment is automatically divided among the designated parties.
  • Smart Contract Execution: The smart contract manages all financial transactions on the blockchain.
  • No Custody of Funds: Collectr never holds user funds; the smart contract directly manages all transactions.

5. Use of Platform

Users can mint NFTs without the need for an account. Collectr facilitates transactions through a smart contract between users and the featured artists and communities but does not take custody or possession of any funds, except for the agreed operating share. The smart contract manages the distribution of payments directly.

  • Accessibility: The platform is accessible to anyone with a compatible digital wallet, such as MetaMask. No registration or personal data is required.
  • Minting Process: Users interact with the platform to mint NFTs. The process involves connecting a digital wallet, sending the specified amount of ETH, and receiving the minted NFT.

6. Prohibited Activities

Users must not engage in unlawful activities on the platform. Any illegal activity will be reported to the appropriate authorities.

  • Examples of Prohibited Activities: This includes, but is not limited to, money laundering, financing of terrorism, and any other activities that violate applicable laws and regulations.
  • Monitoring and Enforcement: Collectr does not actively monitor user activities. However, any detected illegal activities will be investigated and reported to the relevant authorities.

7. Intellectual Property Rights

Collectr obtains the right to use and commercially distribute the featured art from the artists and community members. These rights are used for the marketing and promotion of the platform and the featured artists and communities.

  • License to Collectr: By participating, artists and communities grant Collectr a non-exclusive, royalty-free, worldwide license to use, reproduce, distribute, and display the Digital Artwork for promotional and commercial purposes.
  • Artist and Community Rights: The artist and community are granted a non-exclusive license to use, distribute, display, and remix the artwork for promotional purposes.

8. Limitation of Liability

Collectr is not responsible for any losses or damages resulting from the use of the platform. The smart contract handles all transactions, and users understand the inherent risks involved in participating in blockchain technology and smart contracts.

  • Risk Acknowledgment: Users acknowledge they are responsible for the actions they perform with their wallet, including any potential risks such as loss of funds or Digital Artwork associated with using the platform.
  • No Guarantees: Collectr does not guarantee the performance of our website interface, smart contracts, the blockchain network, or any third-party services. Collectr does not guarantee the security of the smart contract.

9. Dispute Resolution

All transactions are final and governed by the smart contract. There is no arbitration process, as users understand and accept the decentralized nature of the platform.

  • Finality of Transactions: All transactions conducted through the smart contract are final and irreversible.
  • Waiver of Legal Action: By using Collectr and minting our NFTs, users agree to waive their right to pursue any form of legal action, including but not limited to arbitration or court proceedings, against Collectr, its affiliates, and associated parties. Users acknowledge that all transactions are final and governed by the smart contract.

10. Changes to the Terms

Collectr reserves the right to modify these terms at any time, with or without notice to users.

  • Notification of Changes: Updates to the Terms of Service will be posted on the platform. Users are encouraged to review the terms periodically.
  • Effective Date: Changes to the terms will become effective 14 days after they are posted, except for changes addressing new functions of the platform, which will be effective immediately.

11. Fees and Royalties

Collectr receives a portion of the payment submitted for the NFTs sold on our platform that cover costs that may include but are not limited to development, operation, and management. Royalties are not enforced as part of the smart contract for Collectr.

  • Minting Price: A payment is made to the smart contract to mint the NFT.
  • Gas Fees: Users are responsible for paying the Gas Fees required to process transactions on the blockchain.

12. Privacy

Collectr respects user privacy and users can opt-in to provide email addresses. The platform uses Google Analytics for traffic analysis. We are committed to protecting user privacy and ensuring that any data collected is used responsibly and in compliance with applicable laws.

13. Contact Information

For any questions or concerns, please contact us at collectr@uwulabs.com.