Sony Music Entertainment could be looking to undertaking into the sector of non-fungible tokens (NFTs). The corporation, shaped in 1929, is wanting to deliver artists as nicely as new music with each other with the NFT marketplace. The American audio huge has submitted a trademark application asking authorization to deal with ‘audio and video clip recordings showcasing stay musical performances authenticated by NFTs.’ With the likes of many songs famous people like Snoop Dogg, Justin Bieber, and Madonna, between other people — the NFT marketplace appears to be to be getting acceptance on a worldwide level.
Sony has filed a trademark application for the Columbia Records symbol, intending to use it all around NFT-backed media.
Although Sony is however to expose its NFT-connected plans, logos lawyer Mike Kondoudis has shared screenshots of the company’s filings on Twitter.
The software also seeks related approvals to handles marketing companies, promotion, distribution, internet marketing, advertising, and on the web enjoyment.
This filing from Sony provides to the large listing of currently filed patents from providers in search of to examine the NFT arena this year.
By this time, above 5,800 purposes and patents about NFTs have already created it to the United States Patent and Trademark Office environment (USPTO). In 2021, this range stood at 2,087.
Sony Audio has been generating inroads in the virtual assets sector.
Before in March, the audio firm partnered with Solana-primarily based NFT market Snowcrash and fellow audio large Common Tunes Group to launch Bob Dylan and Miles Davis NFT collections someday in 2022.