The NFT patent application that panics the web

Thu 08 Sep 2022 ▪ 17:00 ▪
4
minimum reading – within
Cédrick Aimé GUELANG OFALABEN

The non-fungible token market (NFT) continues to attract players from various industries. NFTs are so popular for the ease with which they can connect projects to consumers. After sport, it’s up to music to take an interest in it. Record companies and artists multiply brand applications and projects related to new technologies. Sony Music Entertainment, the famous record label, is following suit. In fact, the recording giant is said to have filed a patent application for the Columbia Records logo. Another action that attests to his desire to integrate the NFT universe and that of the Metaverse.

Sony NFT patent filing

Sony files trademark application, one step closer to the NFT space

Sony is a key player in the music industry. Inevitably, his involvement in new technologies is always scrutinized. According to information published by Mike Kondoudisthe trademark attorney approved byUnited States Patent and Trademark Office (UPSTO), Sony is reportedly seeking patents for the Columbia Records logo. This request will allow him to publish recordings of live performances. The peculiarity of these records lies in their authentication, an operation that will be carried out through NFT.

The company also wants to go further by releasing music in the NFT format. According to the same source, the request would also contain a document that includes several services. These are entertainment and marketing services relating to musical works and their owners.

Sony is not the only music player involved in new technologies, thus joining several musicians already present in the NFT space. As a reminder, the artist Muse has just accomplished a feat by becoming the Number 1 on the UK’s NFT Limited Edition Music Chart thanks to its title “Will of the people”. Much earlier, King of Leonthe rock group also caused a sensation by releasing their first album in the form of NFT.

The music giant focuses on technological innovation

This storage request from Sony is not the company’s first step towards new technologies. He already teamed up with AMC last year for the supply of non-fungible tokens of Spider Man. The reward was aimed at early ticket buyers, as a prelude to the launch of the titled film “Spider-Man: There’s No Way To Go Home”

Also, last April, the company took a big step towards the metaverse. He would have spent about 1 billion dollars in Epic Games, an American studio for the development and distribution of video games. Finally, very recently in June, Sony unveiled the introduction of its NFT on Theta Drop to the general public.

Conclusion

After Formula 1, cinema and games, it’s up to music to participate in the NFT revolution. Sony Music Entertainment, thanks to its investments, continues to show interest in NFT and Web 3. The company wants to benefit from these technological innovations, to respond to the new ways of broadcasting concerts and events. She has shown in the past that she is willing to pay any price to stay on top.

Get a summary of what’s new in the world of cryptocurrencies by signing up for our new service newsletter daily and weekly so as not to miss any of the indispensable Cointribunes!

Cédrick Aimé GUELANG OFALABEN avatar
Cédrick Aimé GUELANG OFALABEN

PhD student in financial law and expert SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. Thanks to his articles he naturally participates in the daily blockchain revolution for a better democratization of DeFi.

Leave a Comment