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Is Guitar giant Fender quietly gearing up to enter the NFT space?

admin by admin
May 17, 2022
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Well-known guitar producer Fender has filed three NFT-related patents to the USA Patent and Trademark Workplace. 

The patents would point out an intent to make or defend its model with regards to creating, promoting, or shopping for NFTs with the Fender model title. 

Based on GuitarWorld, Fender submitted a collection of trademark purposes referring to its headstock form in potential NFTs, together with; NFT collectibles, digital items, pictures, paintings, video, and audio recordings that includes music and musical devices.

Trademark legal professional Mike Kondoudis noticed the appliance to the U.S. Patent and Trademark Workplace, filed on April 28.

Guitar maker Fender has filed 3 trademark purposes for the shapes of electrical guitar heads indicating plans for
NFTs
Crypto-collectables
Digital items and multimedia@Fender filed related apps for Stratocaster and Fender final yr#NFTs #Metaverse #Web3 #Fender pic.twitter.com/eW57JAMcT1

— Mike Kondoudis (@KondoudisLaw) Could 5, 2022

Fender isn’t the primary guitar model to think about NFTs. In January, Billboard reported that iconic Guitar firm and Fender rival Gibson was gearing as much as enter the NFT area with six trademark purposes referring to NFTs and digital items. 

From Adidas to Gucci, huge manufacturers have been fast to start experimenting with NFTs and the Metaverse as two new channels of distribution. They’re nonetheless attempting to determine how they match into the digital worlds. 

Musicians utilizing NFTs to reimagine engagement with followers 

Many established musicians and types use NFTs and the Metaverse to reinvent how they join with followers. Additionally, the income streams and royalties provided by means of the sale of NFTs are engaging to musicians who closely depend on in-person concert events as a core income mannequin. 

Music producers and platforms like Audius, DAOrecords, and TokenTraxx are working with musicians to showcase the potential of Web3 applied sciences and provides the followers the prospect to be artistic in how they work with NFTs. 

Understandably, guitar manufacturers carefully observe the NFT world as well-known guitarists get entangled. In January this yr, Keith Richards offered certainly one of his prized guitars with an unique 1-of-1 NFT minted of the Tezos blockchain for $57,600 in January. The public sale included the guitar, the digital model within the type of an NFT, and a video of Richards signing the guitar.

NFT Trademark purposes have been booming for the reason that starting of the yr, with 3,306 trademark purposes associated to the expertise filed between January and April.

New NFT + NFT-related trademark purposes proceed on the USPTO. From Jan to April, 3347 NFT apps have been filed (vs. 246 through April 2021). Listed here are the month-to-month numbers:
▶️ January: 637
▶️ February: 770
▶️ March: 1064
▶️ April: 876#NFTs #NFTsCommunity #Web3 pic.twitter.com/zqsaUuTKqL

— Mike Kondoudis (@KondoudisLaw) Could 5, 2022

Regardless of the purposes, Fender has not introduced NFT plans.

 

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