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Nick discusses the importance of understanding the rights granted by open source software licenses, noting that not all licenses are created equal. He explains that while most licenses allow for various rights over the code, some are more permissive than others. Nick reviews the most commonly used licenses for free and open source software, highlighting the rights they grant. Additionally, he mentions the sponsor of the video, Linode, which offers $100 to set up a Linux or gaming server through their app marketplace. Getting started is easy with just a few configuration options and a single click deploy.