Yes, you can create derivative works. The derivative license applies to the full character that makes up the NFT. Individual layered files and traits are proprietary and owned by Loser Club. You cannot create a new NFT project using individually created layers and mint a derivative project. We want Losers to keep winning, so we are also allowing you to use the NFT for commercial revenue up to $50,000. If you anticipate a plan to go over that threshold or you begin to approach the $50,000 revenue mark, just reach out so we can talk. Derivative art is approved within the context of content, tone, types of images for use, general messaging, and “PG Rating” of content, but does not guarantee us, Loser Club, the right to control design of individual derivative works.