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Nick discusses how not all open source software is the same, as the rights you have are defined by the software's license. Some licenses are more permissive, while others are more restrictive. He goes on to explain the most commonly used licenses for free and open source software, detailing the rights they grant you. The video is sponsored by Linode, a company that offers easy deployment of Linux or gaming servers through their app marketplace. Starting is quick and simple, making it suitable for both development and gaming environments.