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In this video tutorial, Nick discusses how not all open source software is created equal due to different licensing rights attached to the software. Most licenses grant the user various rights over the code, with some being more permissive and others more restrictive. He goes on to explore the most commonly used licenses for free and open source software, and the rights they provide. The sponsor, Linode, offers a hundred dollars to set up a Linux or gaming server easily through their app marketplace, making it a great choice for both development and gaming environments.