Fusion is a node-based compositor (similar to After Effects or Nuke). The free version gives you:
You will only see a watermark if you attempt to use a feature exclusive to the davinci resolve free version no watermark full
You get the full Fusion and Fairlight pages. Only specific advanced FX are locked. Fusion is a node-based compositor (similar to After
On the download page, you will see two columns: davinci resolve free version no watermark full
To get the "Full" experience, you should know that a few high-end features are reserved for the paid version ($295):