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Nick explains that not all open source software is the same, as the rights you have are defined by the license attached to the software. Some licenses are more permissive, while others are more restrictive. He discusses the most commonly used licenses for free and open source software and the rights they grant. The sponsor of the video, Linode, offers $100 to set up a Linux or gaming server through their easy-to-use app marketplace, making it simple to deploy a server for development or personal use.