Sony Music files trademark application for NFT-authenticated music
American music big Sony Music Leisure has signaled intentions to make the most of non-fungible tokens (NFTs) after submitting a trademark software protecting music and artists below the Columbia Information emblem.
In line with an Aug. 30 trademark software to the US Patent and Trademark Workplace (USPTO) shared by trademark legal professional Mike Kondoudis on Sept. 6, the applying covers “audio and video recordings that includes stay musical performances authenticated by NFTs.”
#SonyMusic has filed a trademark software for the Columbia Information emblem claiming plans to make use of it for:
▶️ NFT Backed Media
▶️ Music + Podcast Manufacturing
▶️ Artist Administration + Music distribution providers
..and extra!#NFTs #Metaverse #Web3 #Columbiarecords #Pop #Rock #Hiphop pic.twitter.com/xY7kRMgo1m— Mike Kondoudis (@KondoudisLaw) September 6, 2022
The applying additionally covers advertising and marketing providers, promotion, distribution, advertising and marketing, promoting, and on-line leisure, together with podcasts and audiovisual recordings.
The brand new trademark software comes within the wake of a number of different Sony Music-backed NFT tasks.
In August, MakersPlace, an NFT market devoted to digital artwork, secured $30 million in Collection A financing from a number of notable firms, together with Pantera Capital, Bessemer Enterprise Companions, Coinbase Ventures, and Sony Music Leisure.
March noticed the music firm accomplice with Solana-based NFT market Snowcrash and fellow music behemoth Common Music Group to launch Bob Dylan and Miles Davis NFT collections in some unspecified time in the future in 2022, with plans for extra sooner or later.
NFTs and the Metaverse are slowly changing into extra outstanding within the music and leisure trade.
MTV’s Video Music Awards on Aug. 29 closely featured on-line and digital performances, together with Eminem and Snoop Dogg performing their new single in a Yuga Labs Metaverse, creators of the Bored Ape Yacht Membership.
Associated: There’s extra to NFTs than simply PFPs — 5 methods nonfungible tokens will rework society
The track “From the D to the LBC” was launched in June, and options two Bored Ape Yacht Membership avatars owned by Eminem and Snoop Dogg.
MTV’s Video Music Awards additionally debuted a brand new award class, Greatest Metaverse Efficiency, which featured nominations for six completely different acts in its inaugural yr, Ariana Grande, Justin Bieber, Charli XCX, Twenty One Pilots, BTS, and Blackpink, who ultimately gained.