American music large Sony Music Leisure has signaled intentions to make the most of nonfungible tokens (NFTs) after submitting a trademark utility overlaying music and artists below the Columbia Information emblem.
Based on an Aug. 30 trademark utility to the US Patent and Trademark Workplace (USPTO) shared by trademark lawyer Mike Kondoudis on Tuesday, the applying covers “audio and video recordings that includes reside musical performances authenticated by NFTs.”
#SonyMusic has filed a trademark utility for the Columbia Information emblem claiming plans to make use of it for:
▶️ NFT Backed Media
▶️ Music + Podcast Manufacturing
▶️ Artist Administration + Music distribution companies
..and extra!#NFTs #Metaverse #Web3 #Columbiarecords #Pop #Rock #Hiphop pic.twitter.com/xY7kRMgo1m— Mike Kondoudis (@KondoudisLaw) September 6, 2022
The applying additionally covers advertising companies, promotion, distribution, advertising, promoting and on-line leisure, together with podcasts and audiovisual recordings.
The brand new trademark utility comes within the wake of a number of different Sony Music-backed NFT initiatives.
In August, MakersPlace, an NFT market devoted to digital artwork, secured $30 million in Sequence A financing from a number of notable corporations, together with Pantera Capital, Bessemer Enterprise Companions, Coinbase Ventures and Sony Music Leisure.
March noticed the music firm companion 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 distinguished 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 Metaverse created by Yuga Labs, the identical firm behind the Bored Ape Yacht Membership.
Associated: There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society
The song From the D to the LBC was released in June and features two Bored Ape Yacht Club avatars owned by Eminem and Snoop Dogg.
MTV’s Video Music Awards also debuted a new award category, Best Metaverse Performance, which featured nominations for six different acts in its inaugural year, Ariana Grande, Justin Bieber, Charli XCX, Twenty One Pilots, BTS and Blackpink, who eventually won.
