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In this video tutorial, Nick discusses the importance of understanding the rights granted by open source software licenses. Not all licenses are created equal - some are more permissive while others are more restrictive. He provides an overview of the most commonly used licenses and the rights they grant you over the code. Additionally, he mentions Linode as a sponsor, offering a chance to get $100 to set up your own Linux or gaming server using their app marketplace, which makes the deployment process quick and easy.