Yes, you are right. I used licensing terminology as the base because it somewhat resembles the commonly known licensing model for modern software we subscribe to today. There are basic features for home use, some limited features for students, and extended versions for professionals. I also agree that we don’t necessarily need to turn it into licenses and could keep it as versions instead. But if, for any reason, Epic decides to proceed with licenses, the least we could do is upgrade those licenses with more features.
And it would also motivate creators to add extra quality to the assets for small additional price.