T&C Soundverse UAE

1. Acceptance of NFT Terms; Modification of NFT Terms

Welcome to the Soundverse NFT Platform owned and operated by Simulatech FZC, whose address is at Business Centre,Sharjah Publishing City Free Zone, Sharjah, United Arab Emiratesi, United Arab Emirates, registered under License No: 4203674.01 (“Company,” “we,” “us,” or “our”). These Terms and Conditions (“NFT Terms”) constitute a legally binding agreement between the Company and each registered or unregistered end user (each, a “User,” “you” or “your”) of the Soundverse NFT Platform located at or such other URL as may be designated by Company from time to time, as well as any mobile apps or other related services or applications to it (collectively, the “NFT Platform”). By accessing or using the Platform, connecting your Digital Wallet or viewing, accessing, transmitting, transacting, uploading or downloading any information or content from the Platform and launching Soundverse rooms you represent and warrant that you have read and understood our terms of service.

We may change or amend the NFT Platform or these NFT Terms at any time at our sole and absolute discretion. Any changes to these NFT Terms will be in effect as of the “LAST REVISED” date at the top of this page. You acknowledge and agree that the form and nature of the NFT Platform, 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 NFT Platform.


2. What is Soundverse?

The Soundverse is a social and cultural Platform. Soundverse operates a platform to connect artists and music rightsholders (“Artists”) with Users.

Soundverse provides you with the opportunity to create (or as in technical terms we call it to mint), sell, purchase, bid on, collect, trade, showcase, and otherwise transact digital blockchain sound recordings, which may be represented as a non-fungible token (“NFT”) linked with certain digital media and art (“NFT Media”). Artists may use the Platform to create NFT collections of their music and to permit Users to listen to the Audio Content related to such NFTs on-demand.

Soundverse is an online technical intermediary; it is not a party to any agreement between the buyer and seller of music NFTs. Soundverse is freely accessible to Users, but some functions of the Platform are only available to members owning certain NFTs or verified artists. If you are an Artist wishing to use the Platform to mint and sell your songs as an NFT, there is additional terms and conditions in the Appendix that applies (the “Artist Terms & Conditions”). Artists Terms & Conditions are part of overall platform term and conditions.

Smart-Contract:  Soundverse NFTs are represented in smart contracts on the Ethereum blockchain.All these transactions on and off the Platform are recorded in an immutable ledger“Smart Contracts”.

Therefore, Any NFTs listed or traded within Soundverse platform are not under the control of any one party, including Soundverse.  Metamask, the Ethereum network, your browser, or any other third-party site, product, or service that you may access, visit or use to enable you to use the Platform are neither owned nor controlled by us.

In no event will we be liable for third parties, acts or omissions, nor will we be liable for any damages you may suffer from your interactions with any third parties. When you engage in a transaction on the Platform, your Ethereum public address will be made public.

Non-custodial.  Soundverse does not buy, sell, or ever take custody or possess any Soundverse NFTs. Users can purchase and collect NFTs through the Platform, but Soundverse does not own them.  To facilitate transactions on the Platform, Soundverse does not acquire, possess, or control any Soundverse NFTs or cryptocurrency by means of the Smart Contracts and users have full understanding on the nature of these transactions.  Soundverse is a non-custodial service provider and has designed the Platform so that Users can access it directly without Soundverse's involvement or involvement in any way. Purchasing an NFT gives you ownership of the NFT associated with certain NFT, but you do not own intellectual property rights ins such NFT except as expressly granted in this document.

3. License to Your Content

When you use the Soundverse platform, you may be able to upload or submit content to the NFT Marketplace. You may post, upload, or submit NFT Media related to the NFTs you wish to sell through the NFT Marketplace as a seller, as well as any other content related to your NFTs ("Your Content").

You retain all rights to Your Content you post, upload, submit, or otherwise made available through the NFT Marketplace, except for rights expressly granted herein. We must obtain from you certain license rights in Your Content so that actions we take in operating Soundverse platform are not considered illegal.

For technical purposes (e.g., making sure content is viewable on smartphones as well as computers and other devices) You grant us a license to access, use, host, cache, store, copy, reproduce, transmit, display, publish, distribute, adapt and modify Your Content in any and all media or distribution methods (now know or later developed) but solely as required to be able to operate and provide services of the NFT Marketplace.

You agree that this license includes the right for us to provide, promote, and improve the NFT Marketplace and to make Your Content available to other companies, organizations or individuals for the distribution, promotion or publication of Your Content on other media and services.

As long as Your Content is stored with us you agree that these rights and licenses are royalty-free, transferable, sub-licensable, worldwide, and irrevocable.

As part of this, we may make Your Content available to others with whom we have contractual relationships in relation to the provision of the NFT Marketplace, as well as pass along these rights to others. Providing the NFT Marketplace is the sole purpose for which we permit access to disclose Your Content to third parties if we determine that such access is necessary to comply with our legal obligations.

Upon signing this license, you agree that the other Users of the NFT Marketplace may use, publish, display, modify, or include a copy of Your Content in their own use of the NFT Marketplace; however, the above shall not apply to any Content you post privately on the NFT Marketplace for non-public display.

It is your responsibility to ensure that the rights granted herein for Your Content have been acquired or possessed by you, or that you have obtained the necessary rights and licenses.

It is your responsibility to ensure that Your Content does not contain any materials protected by copyright or other proprietary rights unless you have the required permission or are otherwise legally entitled to post the material.

You grant the buyer of an NFT through the Soundverse a royalty-free, non-exclusive, non-transferable, worldwide license to use, copy, and display the NFT Media for that purchased NFT, solely for the following purposes:

The buyer can use the NFT Media for their personal use; or (b) on a marketplace that allows the purchase and sale of these NFTs, provided that the marketplace cryptographically verifies the rights of the NFT owners to display the NFT Media for their NFTs to ensure that only the actual owners have access to the NFT Media; or (You may include, involve, or participate your NFT in the third party website or application if that website/application cryptographically verifies that only the actual owner of each NFT has the right to display the NFT Media on their NFT, provided that the website/application cryptographically verifies that the NFT Media is not visible once the owner of each NFT leaves the website/application.”).

If you are a buyer of NFTs, then you acknowledge and agree that the NFT Purchase License set forth above only lasts as long as you are the valid owner and holder of the NFT associated with the licensed NFT Media.

NFT Purchase Licenses will be valid only during the period that you hold the NFT associated with the licensed NFT Media and are the valid owner and holder of the NFT.

You will no longer be able to benefit from this NFT Purchase License if you sell or transfer the NFT to another person.

A NFT or its related NFT Media cannot be publicly displayed, performed, distributed, sold, or otherwise reproduced for any commercial purpose without the written permission of the seller. The seller agrees not to bring any claims against Company if the purchaser breaches any of these NFT Terms, including if they make commercial use of the related NFT Media.

We have the right to remove or refuse to post any of Your Content, including NFTs, (a) for any or no reason in our sole discretion; and (b) Regardless of the nature of Your Content, we may take any action that we deem necessary or appropriate in our sole discretion, including if we consider Your Content to violate these NFT Terms, violate any intellectual property rights of others, threaten the personal safety of Users or the public, or create liability for Company or other Users.

4. Specific Terms for the Premium Platform and Creators

It is the Company's intention to offer a Soundverse platform to invited Artists that only allows them to mint songs as an NFT, sell NFTs, and showcase those NFTs associated with their original song. If a Creator is invited to use the Platform as an Invited Creator, the Company may enter into an addendum with the Creator (an "Artists appendix").

If there is a conflict between a Creator Addendum and these NFT Terms, the provisions of the Artists appendix shall take precedence for the such Invited artist. In order to promote the artist's music NFTs, the artist's NFTs, and the Soundverse platform, the Invited artist's grants Company a perpetual, irrevocable, and exclusive license to use, reproduce, display, and showcase the artist's music NFT.

The exclusive license granted above means that Invited artists cannot use, reproduce, or display any of their music NFTs in connection with non-fungible tokens or any other blockchain collectible, platform, or service, or grant the right to any third party to do so, unless otherwise specified in an Artist Appendix. The Invited artists are required to provide Company with high-quality audio files and other embodiments of the artists' music NFTs in order for Company to exercise its rights.

Promotion and marketing of the Creators' NFTs shall be solely controlled by the company, including selecting certain Creators' NFTs to participate in events.

Through participation in marketing activities as agreed in a Creator Addendum, Invited Creator assists Company in promoting or marketing the Creator's NFTs.

As part of promoting the Artist's NFTs, the Invited music Artist hereby grants Company the right to use the name, image, photo, biography, signature, and likeness of the Invited Creator exclusively for the purpose of marketing and promoting the Creator's NFTs.

It is prohibited for any Invited music artists to promote or market Company, the NFT Marketplace, or any artist's NFTs in a way that is misleading or deceptive. Whenever Invited Creator is promoting any product or service, it is required to clearly and conspicuously disclose to the public any connection between Invited Creator and Company, including close to any marketing statements.

If the Invited music artist promotes or markets the artist's music NFTs, the Buyer will not be misled into thinking that such NFTs are investment products or can be expected to gain capital appreciation or generate profits, or that such NFTs may be characterized as securities or regulated investment products in any applicable jurisdiction. In exchange for reasonable cooperation, the Invited music artist will be required to validate the authenticity of the artist’s music NFTs if requested by the Company.

Upon the sale of the Creator's NFTs on the Platform, the Company will charge the Artist a platform fee of 3,5% (or another percentage as specified in the Artist Appendix). Any User (including an Invited Creator) using or interacting with the Platform is subject to these NFT Terms, in addition to the rest of these terms.

5. Copyright Policy

It is possible for Company to monitor NFTs, NFT Media, and Your Content uploaded to the NFT Marketplace for infringement of the intellectual property rights of third parties, but it is not required to do so.

The Company can't review all such material before it is posted, and it can't remove objectionable material after it has been posted. Consequently, Company assumes no responsibility for the actions of users or third parties in regard to transmissions, communications, and content.

In addition to the Soundverse Content, all other trademarks, product names, logos, and copyright material on the Platform belong to their respective owners and may not be copied, imitated, or used without permission. Please contact Soundverse at if you find any content on the Platform that you believe infringes your copyright.

Please include the following information in your written notice if you prefer:

  • The URL of Soundverse content that infringes your or a third party's copyright found on your site
  • A physical or electronic signature of a person authorized to act on behalf of the owner of the work(s) that has/have been allegedly infringed;
  • Identification of works or materials being infringed, or, if multiple works are covered by a single notification, a representative list of such works;
  • Information reasonably sufficient to permit Anghami to contact you, such as an address, telephone number, and, if available, an electronic mail address at which you may be contacted;
  • A statement that you have a good faith belief that use of the material relied upon is not authorized by the copyright owner, its agent, or the law;
  • Your proof of authorization to act on behalf of the owner of the exclusive right that is allegedly infringed;
  • Your message must be sent to our email at

Copyright is the only area covered by the process described above. Please let us know if you find content that infringes your trademark rights by emailing Please report any content that infringes or violates any other right you have, that is defamatory, pornographic, obscene, racist, or otherwise responsible for the widespread offense to, or that violates these Terms or applicable laws, or is blatantly forgery, abuse, spam, or otherwise violates any other right you have.

User accounts that repeatedly violate the rights of others are usually disabled or terminated, at our discretion, based on the circumstances. If three valid infringement notices are received, Soundverse will close the account if there are no aggravating or mitigating circumstances. When you materially misrepresent that content or activity does not infringe on someone's copyright, you may be liable for damages.

6. Verification and Payment

If you engage in payments or transactions through the NFT Marketplace, or conduct any other payments or transactions through the NFT Marketplace, we are not liable for any claims or damages that may arise.The NFT Marketplace does not provide refunds for any purchases made on or through the NFT Marketplace, regardless of whether those purchases are for NFTs or anything else. Since all payments are handled by protocols, it is technically impossible to provide any refunds or fund management services. Regardless of whether or not you use the NFT Marketplace or NFTs, you will be solely liable for all taxes, duties, and assessments (except taxes on our net income) claimed or imposed by any governmental authority related to your use of the NFT Marketplace or NFTs, except for income taxes imposed by governmental authorities on such purchases.

7. Assumption of Risks

If you engage in payments or transactions through the NFT Marketplace, or conduct any other payments or transactions through the NFT Marketplace, we are not liable for any claims or damages that may arise.The NFT Marketplace does not provide refunds for any purchases made on or through the NFT Marketplace, regardless of whether those purchases are for NFTs or anything else. Since all payments are handled by protocols, it is technically impossible to provide any refunds or fund management services. Regardless of whether or not you use the NFT Marketplace or NFTs, you will be solely liable for all taxes, duties, and assessments (except taxes on our net income) claimed or imposed by any governmental authority related to your use of the NFT Marketplace or NFTs, except for income taxes imposed by governmental authorities on such purchases.
You will be entirely responsible for any purchase, sale, or facilitation you make, accept or facilitate outside of the NFT Marketplace.In order to make an informed decision to purchase an NFT, you acknowledge that you have obtained sufficient information, including carefully reviewing the code of the smart contract and the NFT, and fully understanding their functions. We do not control or endorse NFTs purchased or sold outside of the NFT Marketplace.

The NFT Marketplace expressly disclaims all liability for any losses you may incur when transacting, facilitating transactions in, NFTs outside the NFT Marketplace, or facilitating transactions in any NFTs outside the NFT Marketplace. Third-party materials may be displayed, included, and/or made available in certain sections of the NFT Marketplace. The Company does not undertake any examination or evaluation of the content, accuracy, completeness, availability, timeliness, validity, copyright compliance, legality, decency, or quality of Third Party Materials by you or your organization by using the NFT Marketplace. Third-party materials, products, or services that are provided by third parties are not warranted or endorsed by us, nor do we assume and will not have any liability or responsibility for them. You acknowledge and accept that Soundverse platform is currently at the Beta version and constantly we are testing and improving our concept.

8. Right transfer

All rights and obligations under these Terms may be freely assigned, subcontracted, or otherwise transferred by Soundverse. It is not permitted for you to assign your rights or obligations under these Terms.

9. Termination

Any time and for any reason, we reserve the right to terminate your access or use of the Platform without notice. Such an event shall not entail any liability or obligation on our part.

10. Severability

Consider the following hypothetical situation: any of these Terms are invalid, unenforceable, or unenforceable for any reason. Those terms, clauses, or provisions shall then be severable from these Terms. These Terms will not be affected by this change, nor will any other terms, clauses, or provisions be invalidated or unenforceable.

11. Entire Agreement

This agreement represents the entire understanding between Soundverse and you concerning your access to and use of the Platform and Content and supersedes any previous discussions, agreements, or understandings (including previous versions). These Terms are intended exclusively for the parties benefit, except as otherwise provided herein. Any other person or entity does not have a right to benefit from them.

12. Survival

You agree and understand that all provisions of these Terms shall survive the termination or expiration.

13. Contact Information

If you have any questions, want to leave your feedback, or want to learn more information about Soundverse, please drop us an email at For any legal matter please drop us an email to

General questions or comments about the NFT Marketplace or these NFT Terms should be sent to the customer support team at

Artist appendix

1. Rules for Creating a Listing on Soundverse

Invitation-only. Creating a new listing on Soundverse is only available to Artists upon receiving an invitation from Soundverse. If you would like to be considered as a future invitee, please contact us at You can create a new listing on Soundverse only after receiving an invitation from Soundverse.

Agreement. It is your sole responsibility to fulfill such contracts when you sell Soundverse NFTs to a User via the Platform. As between Soundverse, you, and the User, you are solely responsible for fulfilling such contracts.

Content uploaded to the Platform.
In the event that an artist is invited, they can create a profile where they can include information about themselves, link to other websites (collectively, "Profile Information"); upload their Audio Content, along with associated artworks and metadata (collectively, the Profile Information, Audio Content, and Artwork shall be referred to as the "User Content") It is understood that any Profile Information you post to the Platform will be for general informational purposes only and will not be considered confidential or proprietary. We maintain the right to prohibit, cancel, remove or reassign certain Profile Information based on appropriate circumstances, as determined by us in our sole discretion.

Contributors. The Artist shall obtain, maintain, and pay for any rights, permissions, licenses, waivers, and consents necessary to the extent these Additional Artist Terms do not grant such rights, and until otherwise expressly agreed between the parties in writing. Including hosting, reproducing, performing publicly, and communicating to the public the User Content created by the minting, production, creation, sale, and distribution of Soundverse NFTs.

No infringement of third-party rights. Any unauthorized use of copyright-protected material within User Content, regardless of whether it is or becomes unauthorized later, is strictly prohibited and may constitute a violation of third-party rights. It is illegal to upload User Content that you do not own or possess the necessary rights to. You may be subject to termination of your access to the Platform and criminal or civil charges if you commit any such violation.

Restrictions and conditions.When using the Platform, you understand and agree that:

  • All Soundverse NFTs and User Content must comply with these Terms
  • Soundverse may (to the extent practicable or technically possible) obfuscate or remove any Soundverse NFT or User Content that violates these Terms or Soundverse's policies;
  • Soundverse NFTs will not be manipulated or interfered with in any way by you;

You will not upload any content that (i) infringes any intellectual property or other proprietary rights of third parties; (ii) you do not have the right to upload under any law or contract or fiduciary relationship;

  • All Soundverse NFTs and User Content must comply with these Terms.
  • Any Soundverse NFT or User Content that violates any of these Terms or any of Soundverse’s policies may be obfuscated or removed from the Platform by Soundverse (to the extent practicably or technically possible), in its sole discretion;
  • You will not manipulate the price of Soundverse NFTs in any way or interfere with any listings on the platform;
  • You will not upload any content that (i) infringes any intellectual property or other proprietary rights of any third party; (ii) you do not have a right to upload under any law or contractual or fiduciary relationships; (iii) A computer virus or another type of computer code, file or program which interrupts, destroys or limits the functionality of any computer software, hardware, or telecommunications equipment; (iv) poses or creates a privacy or security threat; or (v) constitutes unsolicited or unauthorized advertising, promotional materials, commercial activities, and sales, such as junk mail, spam, chain letters, pyramid schemes, contests, sweepstakes, or other forms of solicitation;
  • Posting false, inaccurate, misleading, deceptive, defamatory, or libelous material is prohibited;
  • Falsely representing or otherwise misrepresenting your affiliation with anyone or anything is forbidden;
  • As a result of minting and listing Soundverse NFTs on the Platform, Soundverse makes no representation or guarantee that Artists will achieve any particular outcome.
  • Neither you nor anyone on your behalf will violate or circumvent any laws, regulations, third-party rights, or our systems, services, policies, or determinations of your account status, including but not limited to the Department of Treasury’s Office of Foreign Assets Control ("OFAC").
  • Many of our services are accessible internationally. You are responsible for complying with all local laws and regulations applicable to the sale and purchase of items;
  • Using robots, spiders, scrapers, data mining tools, data gathering, or extraction tools, or other automated means to access our Services is prohibited;
  • The Platform or servers or networks connected to it will not be interfered with or disrupted by you, or you will not disobey any requirements, procedures, policies, or regulations of networks connected to the Platform;
  • If you are under the age of 18, you will not solicit personal information from anyone; You will not advertise or offer any goods or services for business purposes that are not expressly authorized; Providing instructional information about illegal activities, such as concealing economic activity, laundering money, or financing terrorism, or furthering or promoting criminal activity or enterprises is prohibited;
  • Through any means not intentionally made accessible or provided through the Platform, you will not obtain any materials or information; You will not create user accounts by automated means or under false or fraudulent pretenses; and You will not access or use the Platform to create a product or service that is competitive to ours.

Reservation of Rights. You may be prohibited from uploading User Content or minting Soundverse NFTs at our sole discretion. We are not required to monitor User Content, but we may, at our sole discretion, remove User Content at any time. For the purpose of detecting and preventing fraudulent activity and violation of these Terms, the Soundverse may monitor User Content.

Smart Contract. Artists are able to use Soundverse's standard Smart Contract for Soundverse NFTs, but they are not allowed to edit or adapt it. It is the artist's responsibility to ensure the Soundverse Smart Contract is fit for purpose and that they use it at their own risk. Soundverse does not warrant or represent that the Smart Contract is error-free, nor does it make any warranties or representations regarding suitability.

Soundverse NFT particulars. As between Soundverse and you, you are responsible for determining various aspects of the prior sale for your Soundverse NFTs, including the sale price, several editions, descriptions, and other details. Soundverse may provide tools to help you determine these details on the Platform.

2. Grant of Rights for User Content

Perpetual and irrevocable license. You grant Soundverse a non-exclusive, royalty-free, paid up, perpetual and irrevocable license if you upload User Content to the Platform. The User Content may be used, copied, shared, reproduced, or otherwise distributed, publicly displayed, publicly performed, and available to the public (including digital streaming), from time to time, the public will be informed of these developments. You are granted a separate license for each piece of User Content you upload and each Soundverse NFT you mint.

As soon as User Content is minted, it will irrevocably be linked to the Soundverse NFT associated with it on the Ethereum blockchain. Additionally, Artist acknowledges and accepts the fact that each user who purchases a Soundverse NFT on the Platform has the right to resell, gift, transfer ownership to third parties, or use these songs royalty free even after these Terms are terminated or expire.

In addition to the rights granted hereunder, Artist acknowledges that the Soundverse NFT grant to all users the right to stream, playback, and access User Content, as embodied and featured therein, for Soundverse and its successors and designees to facilitate the same for perpetuity.

In accordance with these Terms, Artist retains all rights, titles, and interests to all User Content, including all copyrights and intellectual property rights embodied in or associated with it, subject to the rights and licenses granted by Artist in these Terms.

Upon uploading User Content to the Platform, Artist acknowledges and agrees that it also uploads copies of that content (and enables Soundverse to upload copies of such content on Artist's behalf) to a distributed server protocol (or IPFS) in addition to uploading copies of that content to Soundverse's owned or controlled servers.

This content may be copied multiple times and stored on multiple nodes across multiple locations once it is uploaded to IPFS. Soundverse will not be responsible for the use or access of such content outside of the Platform.

User Content uploaded to IPFS is beyond Sound's control and cannot be removed or taken down. Any service that links to IPFS User Content does not obligate Soundverse to take action on Artist's behalf.

Marketing purposes.
Soundverse grants you the right to use your name, image, and likeness in the Audio Content (including as it may be embodied in the Artwork), as well as the title, appearance, and equality of any other performer or artist featured in the Audio Content or Artwork, for marketing or promotional purposes at this time. To promote the Soundverse NFTs you create, you agree that your name, image, likeness, biography, and other public information about you, along with any other performer or artist included in the Audio Content or Artwork, can be used.

3. Representations and Warranties

To Soundverse, you hereby represent and warrant that: (i) all of your User Content, including its parts, is your original work, or you have obtained all rights, licenses, consents, and permissions necessary to allow Soundverse to use it at all times, and (where applicable) to authorize Soundverse to use it, By uploading (including to IPFS), minting, reproducing, storing, transmitting, distributing, sharing, publicly displaying, publicly performing, making available and otherwise communicating to the public your User Content, including all parts thereof, to the Platform, you consent to these Terms, including, without limitation, rights to mint, reproduce, store, transmit, distribute, share, and share your User Content. The Platform and the User Content you post do not and will not violate the rights of any third party, including intellectual property rights, performer rights, publicity and privacy rights, or confidential information rights of third parties; In order to publish your User Content on the Platform, you must have obtained all necessary consents, permissions, and releases from all persons appearing in your User Content (iv) your User Content, including any comments that you may post on the Platform, is not and will not be unlawful, abusive, libelous, defamatory, pornographic or obscene, and will not promote or incite violence, terrorism, illegal acts, or hatred on the grounds of race, ethnicity, cultural identity, religious belief, disability, gender, identity or sexual orientation; (v) Soundverse can freely exploit User Content in accordance with these Terms, including allowing Users to playback Audio Content, without obtaining permission, consent, license or authorization from any third party; In addition, NFT collectors and Soundverse platform will not be required to pay any royalties, fees, remuneration or other payments to any Artists or third parties through its exploitation of the User Content; (vi) The User content you submit will not cause Soundverse and its subsidiaries, affiliates, successors, and assigns any liability, including any liability arising from their respective employees, agents, directors, officers, or shareholders. Upon discovering that any of your User Content breaches any of the previous representations or warranties, or infringes on another person's rights or violates any law, rule or regulation, Soundverse reserves the right to remove your User Content, suspend or terminate your access to the Platform, and pursue all legal remedies.

4. Fees and Accounting

Soundverse agrees to waive its payment for providing its services to Artists on a non-precedential, temporary basis. It is expressly agreed that Soundverse may modify the Terms from time to time by amending Section 1 of the Terms ('Modification to these Terms').

Artist acknowledges that the Soundverse NFT Smart Contract used to mint the Soundverse NFT is the sole method of determining, administering, and paying all costs resulting from direct sales of Soundverse NFTs on the Platform and secondary sales of Soundverse NFTs outside of the Platform. Through the Smart Contract, Users, subsequent purchasers, and marketplaces or exchanges make payments directly to the Artist's Digital Wallet. It is important to note that Soundverse does not make any payments to Artists or any other parties from the sale proceeds. The Soundverse NFT Smart Contract requires that the Artist review and approve the Smart Contract used to mint the NFT before it is minted. Payments are made automatically based on the cryptocurrency used for the purchase.

After the Smart Contract has been approved and the Sound Verse NFT has been minted, a change to these terms is technologically impossible, including (without limitation) royalties/fees for secondary sales, number of royalties/fee recipients, percentages of royalties/fees to be paid to each recipient, and the address of each digital wallet (including the artist).

Accounting, invoicing, and administration. In relation to the sale of Soundverse NFTs and the collection of fees and receipts from Users, purchasers, marketplaces and exchanges through the Smart Contract, Artist shall be solely responsible for all accounting, invoicing, and reporting requirements imposed by local law, tax regulation, or other conditions of competent authorities. Contributors and rightsholders will also be paid through the Smart Contract.

Adequate consideration. As a result of the Smart Contract, the Artist acknowledges and agrees that the fees received by the Artist, together with Soundverse's provision of tools and functionality on the Platform in relation to the Soundverse NFT, represent the entire compensation and consideration under these Terms. No further payments, royalties, fees, or other sums shall be due to the Artist or any other rightholder in connection with the Soundverse NFT or User Content when it is streamed, played back, reproduced, or monetized.

Contributors and rightsholders. It is the artist's sole responsibility to pay any fees or proceeds due to rightsholders and contributors for the User Content or In any case, Soundverse shall not be liable for any payment to any rightsholders, contributors, or third parties, and Artist at this time indemnifies the Soundverse Parties from any claims made by or on behalf of such persons, without limiting the indemnification provided by Artist in section 12 of the Terms. From time to time, you may be able to identify specific Digital Wallet addresses through the Platform so that a portion of the sale proceeds can be transferred to the Digital Wallet address. Artist may be provided with this functionality as an accommodation, provided that Artist is solely responsible for ensuring all relevant rightsholders are adequately compensated. In addition, the artist acknowledges that Soundverse reserves the right to remove or add specific terms or restrictions to the fee split feature at its discretion.

Withholding. Any fees due to Artist under the Smart Contract may be deducted and withheld by Soundverse if it receives any fees from the Smart Contract.The artist must remove any such parts and withhold according to applicable law in order to eliminate or reduce such deductions or withholdings.

Taxes. All taxes (including net income, gross receipts, franchise and property taxes, and other taxes) that apply to the parties or their affiliates in connection with these Terms or the transactions contemplated by these Terms are the responsibility of each party and their respective affiliates.

5. General

Relationship between the parties. There is no intention by the parties to become employees, agents, joint ventures, or partners of Soundverse. As a result of these Terms, no relationship is created or established.

In accordance with both parties, Artist is not taxable in either federal or state taxes and does not qualify for any benefits provided by Soundverse, including workers' compensation, unemployment benefits, disability benefits, health benefits, and retirement benefits.

No injunctions. The Artist waives the right to forbid the minting, sale, re-selling, exploitation or promotion of the Soundverse NFTs if Soundverse breaches any of these Terms; and (ii) agrees that its rights and remedies shall be limited to the right to recover damages at law if Soundverse breaches any of these Terms.