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Nick explains that not all open source software licenses are the same, and the rights you have over the code are defined by the license attached to the software. Some licenses are more permissive while others are more restrictive. The video discusses commonly used licenses for free and open source software and the rights they grant you. The sponsor, Linode, offers $100 to set up your own Linux or gaming server easily through their app marketplace. Deploying a server with Linode is simple and can be used for both development and gaming purposes.