A script or module is a premium piece of software that has been cracked, modified, and redistributed for free. The "nulled" version has its license verification mechanism removed or bypassed, allowing it to work without a valid license key from the official developer.
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"Multi-Vendor" indicates a feature that allows more than one seller to list and sell their products on the same platform. This is particularly useful for marketplace-style e-commerce sites, where various vendors can have their stores or sections. A script or module is a premium piece