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In this video, Nick discusses the importance of understanding the rights granted to you in open source software based on the attached license. Not all open source licenses are equal, with some being more permissive and others more restrictive. He delves into the most commonly used licenses and the varying rights they offer over the code. The video is sponsored by Linode, which is recommended for deploying your own Linux or gaming server with ease through their app marketplace. Starting is simple, with numerous configuration options and one-click deployment available.