I personally don't see a problem with having the code be for non-commercial use only, but your hosted instance probably should allow commercial use. Otherwise I don't see how you're going to become the Photopea of video, which you stated as a goal.
Thanks for the feedback! I honestly had not read the license thoroughly. I just changed it to ELv2.
Thanks for the feedback! I honestly had not read the license thoroughly. I just changed it to ELv2.