Based on these Terms you may have exposure to certain cryptocurrencies and NFTs. Before obtaining such exposure, it is required to read these risk warnings, and by proceeding to use the Services, You accept and acknowledge the associated risks in dealing with cryptocurrencies, NFTs, and Tokens.
You are fully aware that the trading of goods and products, real or virtual, as well as virtual currencies and NFTs involves significant risk. Prices can and do fluctuate on any given day. Such price fluctuations may increase or decrease the value of the assets at any given moment. Any currency, virtual or not, may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling, or trading anything on the market.
Cryptocurrency and NFTs exchanges also carry special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, cryptocurrencies and NFTs are backed by technology and trust. There is no central bank that can take corrective measures to protect the value of cryptocurrency or NFTs in a crisis, or issue more currency or NFTs.
Traders put their trust in a digital decentralized and partially anonymous system that relies on peer-to-peer networking and cryptography to maintain its integrity. All transactions involving NFTs purchased or exchanged will be recorded in the Ethereum blockchain. PTF does not control the blockchain with which you are interacting and PTF does not control certain smart contracts and protocols that may be integral to your ability to complete transactions on the blockchains. Additionally, blockchain transactions are irreversible and PTF has no ability to reverse any transactions on the blockchain.
There are risks associated with using the Internet and blockchain-based products, 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 account. You accept and acknowledge that PTF will not be responsible for any communication failures, disruptions, errors, distortions, or delays you may experience when using the PTF Platform, any blockchain network, or the Purchased NFTs.
A lack of use or public interest in the creation and development of distributed ecosystems could negatively impact the development of those ecosystems and related applications and could therefore also negatively impact the potential utility or value of Purchased Tokens.
The regulatory regime governing blockchain technologies, non-fungible tokens, cryptocurrencies, tokens, and other crypto-based items is uncertain, and new regulations or policies may materially adversely affect the development of the PTF Platform and the utility of Purchased Tokens.
You must take into account, before deciding to acquire any and all Tokens, that (i) the rights you acquire in the form of Tokens constitute a contractual obligation for PTF and not for the Talent with whom you have no contractual link in respect of Tokens and that (ii) these rights are only exercisable under the condition that and for the period during which the Primary Agreement remains in force.
Accordingly, termination, cancellation or modification of the Primary Agreement or Talent’s breach of contract under the Primary Agreement may result in (a) a total or partial loss of the amount invested in Tokens by you and/or (b) non-payment.