Editing by Nath Cajuday
Sony Music Entertainment is set to join other big companies in integrating non-fungible tokens (NFTs) into their platform. This is after the company filed a trademark application to the United States Patent and Trademark Office (USPTO) asking permission to cover “audio and video recordings featuring live musical performances authenticated by NFTs.”
Moreover, Sony’s application also applied for relevant approvals to cover marketing services, promotion, distribution, marketing, advertising, and online entertainment.
This trademark application adds to the big list of already filed patents from other Sony Music-backed NFT projects and other companies seeking to explore the NFT space this year.
According to the USPTO, there are currently over 5,800 applications and patents concerning NFTs filed in their office this year, almost three times greater than the 2,087 applications recorded last 2021.
Last July, peer-to-peer file sharing program Limewire re-launched as a “marketplace for music NFTs” which intends to feature art and other entertainment-related NFTs. (Read more: Notorious File-Sharing Site Limewire Launches NFT Marketplace)
While in May, Spotify started testing an option to include NFT galleries on musicians’ profiles for some selected users on Android in the United States. (Read more: Spotify NFTs? Music Platform Starts Testing Musician NFT Galleries)
Then, last year, social networking platform Tiktok partnered with crypto-powered streaming platform Audius to build a feature called “TikTok sounds,” which allows TikTok users to export songs created in partnership with Audius into the TikTok platform with just one click.(Read more: TikTok Partners With Crypto-powered Music Streaming Platform Audius)
In the Philippines, R&B singer Kris Lawrence released a single titled “Future Girl” as an NFT with only 250 copies in the new NFT market called SongRise. The NFT collection has a utility of 50 percent off from all KL (Kris Lawrence) merchandise and discounts on his future concerts.(Read more: Kris Lawrence Releases a Song as His First NFT)
Media personality Nadine Lustre also launched her own audio NFT on enter.audio, an NFT marketplace for art and music. (Read more: Nadine Lustre Joins NFT Wave, Launches Rare Audio NFT Collectibles)
This article is published on BitPinas: Sony Music Files Patent for NFT-Authenticated Music
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