Terms of Service
Please read these terms carefully before using VNFTZ
Last updated: June 11, 2025
Important Legal Notice
These Terms of Service constitute a legally binding agreement between you and VNFTZ. By using our platform, you acknowledge that you have read, understood, and agree to be bound by these terms. If you do not agree, you must not use our services.
Table of Contents
1. Acceptance of Terms
By accessing or using the VNFTZ NFT marketplace ("Platform"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use our Platform.
You must be at least 18 years old to use this Platform. By using the Platform, you represent and warrant that you are of legal age and have the legal capacity to enter into these Terms.
2. Definitions
Key terms used in this agreement:
- •"NFT" means a non-fungible token on a blockchain
- •"Smart Contract" means self-executing code on the blockchain
- •"Wallet" means a digital wallet for cryptocurrency and NFTs
- •"Gas Fees" means blockchain transaction fees
- •"Marketplace Fee" means our platform service fee
- •"Content" means any NFT, text, images, or other materials
- •"Creator" means users who mint or list NFTs
- •"Collector" means users who purchase NFTs
3. Account Registration
3.1 Account Requirements
- •Provide accurate and complete information
- •Maintain the security of your account credentials
- •Connect a compatible cryptocurrency wallet
- •Notify us of any unauthorized access
- •You are responsible for all activities under your account
3.2 Account Restrictions
- •One account per person or entity
- •No automated or bot accounts
- •No impersonation of others
- •Compliance with all applicable laws
4. Marketplace Services
4.1 Our Platform provides:
- •NFT minting and creation tools
- •Listing and sale of NFTs
- •Bidding and auction functionality
- •Discovery and search features
- •Wallet integration services
- •Transaction facilitation (not custody)
4.2 Platform Limitations
VNFTZ is a marketplace platform only. We do not:
- •Hold or custody your NFTs or cryptocurrency
- •Control blockchain networks or gas fees
- •Guarantee NFT value or investment returns
- •Provide financial, legal, or tax advice
5. Fees and Payments
5.1 Marketplace Fees
- •8% fee on all NFT sales
- •Fees are automatically deducted from sale proceeds
- •Additional fees may apply for premium features
- •Creator royalties are separate from marketplace fees
5.2 Blockchain Fees
Users are responsible for:
- •Gas fees for all blockchain transactions
- •Network fees for minting NFTs
- •Transfer fees between wallets
- •Failed transaction fees (non-refundable)
6. Prohibited Uses
You may not use the Platform to:
- •Violate any laws or regulations
- •Infringe on intellectual property rights
- •Upload malicious code or viruses
- •Engage in money laundering or fraud
- •Manipulate prices or engage in wash trading
- •Harass, abuse, or harm other users
- •Create or sell counterfeit NFTs
- •Circumvent platform fees
- •Use automated bots without permission
- •Sell stolen or unauthorized content
7. Intellectual Property
7.1 Your Content
By minting or listing NFTs, you represent that:
- •You own or have rights to the content
- •You have permission to tokenize the content
- •The content doesn't infringe on others' rights
- •You grant us license to display the content
7.2 NFT Ownership
When you purchase an NFT:
- •You own the NFT token itself
- •Underlying IP rights depend on the specific NFT terms
- •Check each NFT's license terms carefully
- •Ownership is recorded on the blockchain
8. Disclaimers and Limitations
8.1 Platform Disclaimers
THE PLATFORM IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING:
- •MERCHANTABILITY AND FITNESS FOR PURPOSE
- •ACCURACY OR COMPLETENESS OF INFORMATION
- •UNINTERRUPTED OR ERROR-FREE SERVICE
- •SECURITY OF TRANSACTIONS
- •VALUE OR AUTHENTICITY OF NFTS
8.2 Risk Acknowledgment
You acknowledge and accept:
- •NFTs are volatile and speculative assets
- •Blockchain transactions are irreversible
- •Smart contracts may contain bugs
- •Regulatory changes may affect NFTs
- •Platform may experience downtime
- •You may lose access to your wallet
9. Indemnification
You agree to indemnify, defend, and hold harmless VNFTZ, its officers, directors, employees, and agents from any claims, damages, losses, or expenses (including legal fees) arising from:
- •Your use of the Platform
- •Your violation of these Terms
- •Your violation of any rights of another
- •Your NFT content or transactions
- •Your negligence or willful misconduct
10. Termination
10.1 Termination Rights
- •Either party may terminate at any time
- •We may suspend or terminate for Terms violations
- •Termination doesn't affect blockchain records
- •Outstanding transactions must be completed
10.2 Effect of Termination
- •Access to Platform will be revoked
- •NFTs remain on the blockchain
- •Pending transactions may be cancelled
- •No refund of fees paid
11. Governing Law and Dispute Resolution
11.1 Blockchain-Specific Considerations
You acknowledge that blockchain transactions are governed by the respective blockchain protocol (e.g., Ethereum, Polygon) and smart contract code, which operate independently of traditional legal jurisdictions.
- •Smart contract execution is deterministic and irreversible
- •Blockchain consensus mechanisms supersede traditional legal enforcement for on-chain activities
- •Code is law for smart contract interactions
11.2 Dispute Resolution Framework
For blockchain-related disputes:
- On-Chain Disputes: Disputes regarding smart contract execution, NFT ownership, or blockchain transactions are resolved by the blockchain protocol itself. The blockchain record is the final authority.
- Platform Disputes: Disputes regarding platform services, account access, or off-chain activities will first attempt resolution through our internal dispute resolution process.
- Decentralized Arbitration: Where applicable, disputes may be submitted to decentralized arbitration protocols (such as Kleros or Aragon Court) for blockchain-native resolution.
11.3 Traditional Legal Framework
For matters not resolvable through blockchain mechanisms or decentralized arbitration:
- •These Terms are governed by the laws of Singapore, a blockchain-friendly jurisdiction
- •Disputes shall be resolved through the Singapore International Arbitration Centre (SIAC)
- •Arbitration shall be conducted in English and decisions shall be final and binding
11.4 Class Action Waiver
You agree to resolve disputes with VNFTZ on an individual basis. You waive your right to participate in a class action lawsuit or class-wide arbitration against VNFTZ, including for blockchain-related claims.
Note: Due to the global and decentralized nature of blockchain technology, users from different jurisdictions may interact on our platform. You acknowledge that cross-border transactions may be subject to multiple regulatory frameworks.
12. Miscellaneous
12.1 Entire Agreement
These Terms constitute the entire agreement between you and VNFTZ regarding the use of the Platform.
12.2 Severability
If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in effect.
12.3 Waiver
No waiver of any term shall be deemed a further or continuing waiver of such term or any other term.
12.4 Assignment
You may not assign or transfer these Terms without our prior written consent.
Your Agreement
By clicking "I Agree" or by using the VNFTZ platform, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy.
Questions About These Terms?
If you have any questions about these Terms of Service, please contact us:
Email: [email protected]
Or visit our Contact Page