Assumption of Risk
ASSUMPTION OF RISK
You accept, acknowledge, and assume the following risks:
(i) To the extent there is a price or market for a blockchain asset such as an NFT, such markets and prices are extremely volatile, and variations in the price of other digital assets could materially and adversely affect the value of any digital asset(s) You own, including NFTs, and there is no guarantee that NFT Sports Zone NFTs will have or retain any value. NFT Sports Zone cannot guarantee that purchasers of NFTs will not lose money. You acknowledge these risks and agree that NFT Sports Zone cannot be held liable for such price fluctuations;
(ii) The cost of transacting on such technologies is variable and may increase at any time causing impact to any activities taking place on the Solana blockchain;
(iii) There are risks associated with using an Internet based digital assets (e.g., non-fungible tokens, cryptocurrencies, etc.), including but not limited to, the risk of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within Your Digital Wallet;
(iv) Upgrades to the Solana platform, a hard fork or other change in the Solana platform, a failure or cessation of Solana, or a change in how transactions are confirmed on the Solana platform may have unintended, adverse effects on all blockchains using such technologies, including without limitation NFT Sports Zone NFTs, ERC-20, ERC-721,ERC-721A, EIP-2981, EIP-998, EIP-2309 or other bespoke smart contracts;
(v) The risk of losing access to an NFT due to loss of private key(s), custodial error or purchaser error, mining attacks, hacking, security weaknesses, fraud, counterfeiting, cyber-attacks and other technological difficulties;
(vi) The risk of changes to the regulatory regime governing blockchain technologies, cryptocurrencies, and tokens and new regulations, unfavorable regulatory intervention in one or more jurisdictions or policies any of which may materially adversely affect the use and value of the NFT Sports Zone NFT;
(vii) The risks related to taxation; and
(viii) That NFTs are not legal tender and are not backed by any government; In addition to assuming all of the above risks, You acknowledge that You have obtained sufficient information to make an informed decision to purchase a NFT Sports Zone NFT and that You understand and agree that You are solely responsible for determining the nature, potential value, suitability and appropriateness of these risks for Yourself. NFT Sports Zone cannot and does not represent or warrant that any NFT, or its supporting systems or technology, is reliable, current or error-free, meets Your requirements, or that any defects in the NFTs, or its supporting systems or technology, will be corrected. NFT Sports Zone cannot and does not represent or warrant that any NFT or the delivery mechanism for it are free of viruses or other harmful components. You acknowledge and understand that NFT Sports Zone will not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience related to any sales or transfers of an NFT, including any delays relating to minting of an NFT on this Website. NFT Sports Zone does not make any promises or guarantees related to Phantom wallet, MetaMask Wallet, Trust Wallet, or any third-party NFT sales or auction platform such as Ozone Networks, Inc. d/b/a OpenSea, Magic Eden, and each of their applications and/or services, including but not limited to the continued availability of either and/or the protection and/or storage of any data or assets You provide to those parties, including, without limitation, Your NFT Sports Zone NFT.
You further acknowledge and understand that NFT Sports Zone does not store, send, or receive cryptocurrency assets. Any transfer of cryptocurrency assets that occurs within the supporting blockchain that is not controlled by NFT Sports Zone Transactions relating to NFT Sports Zone NFTs may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some transactions pertaining to the NFT shall be deemed to be made when recorded on a public blockchain ledger, which is not necessarily the date or time that You initiated the transaction. You further acknowledge and understand (i) that digital assets, including blockchain based assets such as the NFTs, are subject to developing laws and regulations throughout the world (ii) that the purchase of digital assets such as a NFT Sports Zone NFT requires a comprehensive understanding and appreciation of the inherent risks associated with the purchase and sale of such digital assets, including those listed above, and (iii) that You, in fact, possess such relevant knowledge and skills which enable you to assess and understand those risks.
Availability of Utilities
NFT Sports Zone will use all reasonable efforts to make the utilities available for use by you on a continuous basis. Notwithstanding, it is expressly understood by you that some of the utilities may become unavailable for use at any particular time through no fault of NFT Sports Zone (i.e. the venue does not have ownerβs suites). In such an event, NFT Sports Zone will use its best efforts to provide you with a comparable utility. It is further understood and agreed that NFT Sports Zone will not be subject to any liability or damages resulting from the unavailability of utilities or any errors in the operation or functionality of the utilities.
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