According to USPTO-licensed trademark lawyer Mike Kondoudis, major record label Sony Music Entertainment has applied for trademarks covering non-fungible tokens (NFTs) and the Metaverse. The large music industry company intends to release downloadable audio and video records of live music events. #SonyMusic has filed a trademark application for the Columbia Records logo claiming plans to use it for: ▶️ NFT Backed Media ▶️ Music + Podcast Production ▶️ Artist Management + Music distribution services..and more!#NFTs #Metaverse #Web3 #Columbiarecords #Pop #Rock #Hiphop pic.twitter.com/xY7kRMgo1m — Mike Kondoudis (@KondoudisLaw) September 6, 2022 Sony Music To Create NFT Music Tracks Tokens have no scope to get changed, and they are used to demonstrate the credibility of the original recordings. According to the application, Sony Music intends to create music tracks in NFT form. Artists, their records, and services for marketing and entertainment get listed in another document. Similar to conventional cryptocurrencies, non-fungible tokens do not store value. They keep artwork, audio, video, and tickets instead. The music industry is one of many sectors that has already undergone upheaval. NFTs, which appear on the blockchain as distinct tokens, can be purchased like music tracks. First NFT Band Release The first band to release an album as an NFT in March was Kings of Leon. When Muse’s record “Will of the People” became the first ...
