Terms and Conditions

Virtual Land Ownership: Users acquire virtual land NFTs through purchases. Ownership grants the right to use and develop the land within the virtual environment.

Usage Rights: Users are entitled to build, develop, and monetise virtual land subject to platform guidelines and content policies.

Transaction and Fees: Transactions are facilitated through cryptocurrency and fiat payments. VerseX may charge transaction fees and royalties for in-world transactions, specifically 5% Royalties on secondary land sales.

Content Guidelines: Users must adhere to community guidelines when creating content on virtual land. Prohibited content includes illegal, offensive, or infringing material.

Dispute Resolution: Disputes over land ownership, transactions or content are resolved through platform-specific mechanisms, including mediation and arbitration by VerseX.

Intellectual Property: Users retain ownership of intellectual property rights associated with their created content. However, VerseX has a license to display and distribute content within the VerseX platform and websites.

Termination: If you violate the terms and conditions on the platform and virtual land provided by VerseX, your access might be suspended or terminated. However, you have the right to appeal such a termination by reaching out to [e-mail]. When purchasing land on the platform, you are entering an agreement to adhere to the specified terms and conditions. It's important to note that specific wait times for the appeal process are around 30 days.

For guidance on drafting an appeal email, you can refer to general practices in formal communication and consider including details about your account, the reason for termination, your perspective on the matter and any evidence to support your case.