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Nick discusses the difference in rights granted by various open source software licenses, highlighting the importance of understanding the terms attached to each. He mentions that some licenses are more permissive while others are more restrictive. He then reviews the most commonly used licenses, explaining the rights they grant. The video is sponsored by Linode, which offers a $100 credit for setting up a Linux or gaming server. Linode's easy deployment process through their app marketplace is highlighted as a convenient option for both development and gaming environments.