Recent content by Ace85

But to what degree? Just cancel anything in the agreement they do not like? Like loyalties to the Licensor or who the Licensor is?

Yes i knew the risk. Quick question. Would a statement like this allow this leader to modify the contract in every way "This document does not attempt to be a comprehensive long-term roadmap, and details outlined herein may be amended by the leadership in order to ensure the most favorable...

We are probably getting scammed by the district leader, which is why I am on here. As far as the imaginary land, It is a digital asset. The market cap of the project is 2 billion US, with real world companies investing and renting out these imaginary lands

Land in a virtual space (DCL). We are named a licensor in the agreement and to be paid 1/n of contributions of operating income. Even included an example in the agreement ROYALTY - ABC LAND Holdings, LLC to LAND Contributors ○ The approximate royalty payment per pooled District managed land...

It is digital land. It is worth quite a bit actually

Well we purchased the land on behalf of the district with currency. It isn't like we owned the land at any point (it was always in decentraland control). There was a startup plan (the agreement) and people bought into it with the digital currency. The original team stepped down and this guys...

But is it true that you cannot pay a royalty on an asset you own even if you agreed to if given the asset? Like how does an angel investor collect a royalty when giving funds to a company?

Hello, I bought a digital asset know as land that was to be contributed to a district in a virtual space. The district set up a company and entered into an agreement that district controlled land would operate and give a royalty to contributors. This land was then grouped up and given to the...