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Nick discusses the importance of understanding open source software licenses and the varying levels of rights they grant you over the code. He highlights that not all licenses are equal, with some being more permissive and others more restrictive. Nick goes on to explore the most commonly used licenses and the rights they offer. Additionally, he mentions the sponsor of the video, Linode, and how they are offering a $100 credit to set up your own Linux or gaming server through their easy-to-use app marketplace.