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Nick discusses the variability of open source software licenses, explaining that they determine the rights you have over the code. Some licenses are more permissive while others are more restrictive. He explores commonly used licenses for free and open source software and breaks down the rights they grant users. This video is sponsored by Linode, offering $100 towards your own linux or gaming server deployment through their app marketplace, making it easy to set up and configure your server with just a few clicks.