NX-OS Software License Requirement

[fakebizprez]

Hello, I recently purchased a Cisco Nexus 92160YC-X Switch which has been running great, but I checked the firmware version to see that it is:
BIOS: version 07.61
NXOS: version 7.0(3)I7(3)

According to the Cisco website, the latest release NX-OS System Software release is 9.3(14). Is there a license required to upgrade NX-OS software/firmware?

Additionally, would I be able to upgrade from 7.0(3)i7(3) directly to 9.3(14)? Or have to upgrade one-by-one?

[marce1000]

  - FYI : https://www.cisco.com/c/dam/en/us/td/docs/dcn/tools/nexus-9k3k-issu-matrix/index.html

 M.