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Nick explains that not all open source software is the same, as the rights you have regarding the software are defined by the license attached to it. Some licenses are more permissive, while others are more restrictive. Nick discusses the most commonly used licenses for free and open source software and the rights they grant you. He also mentions the sponsor of the video, Linode, which offers $100 to set up your own Linux or gaming server. Linode provides an easy way to deploy servers through their app marketplace, making it suitable for both development and gaming environments.