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

2 years ago

NFTs

Fender has filed aggregate NFT-related patents and trademark applications successful the U.S. successful a bid to support oregon motorboat its marque successful web3.

2 min read

Updated: May 16, 2022 at 3:13 pm

Is Guitar elephantine  Fender softly  gearing up   to participate  the NFT space?

Cover art/illustration via CryptoSlate

Famous guitar shaper Fender has filed 3 NFT-related patents to the United States Patent and Trademark Office. 

The patents would bespeak an intent to marque oregon support its marque erstwhile it comes to creating, selling, oregon buying NFTs with the Fender marque name. 

According to GuitarWorld, Fender submitted a bid of trademark applications relating to its headstock signifier successful imaginable NFTs, including; NFT collectibles, virtual goods, photographs, artwork, video, and audio recordings featuring euphony and philharmonic instruments.

Trademark lawyer Mike Kondoudis spotted the exertion to the U.S. Patent and Trademark Office, filed connected April 28.

Guitar shaper Fender has filed 3 trademark applications for the shapes of electrical guitar heads indicating plans for
🎸 NFTs
🎸 Crypto-collectables
🎸 Virtual goods and multimedia@Fender filed akin apps for Stratocaster and Fender past year#NFTs #Metaverse #Web3 #Fender pic.twitter.com/eW57JAMcT1

— Mike Kondoudis (@KondoudisLaw) May 5, 2022

Fender isn’t the archetypal guitar marque to see NFTs. In January, Billboard reported that iconic Guitar institution and Fender rival Gibson was gearing up to participate the NFT abstraction with six trademark applications relating to NFTs and integer goods. 

From Adidas to Gucci, large brands person been speedy to statesman experimenting with NFTs and the Metaverse arsenic 2 caller channels of distribution. They are inactive trying to fig retired however they acceptable into the virtual worlds. 

Musicians utilizing NFTs to reimagine engagement with fans 

Many established musicians and brands usage NFTs and the Metaverse to reinvent however they link with fans. Also, the gross streams and royalties offered done the merchantability of NFTs are charismatic to musicians who heavy trust connected in-person concerts arsenic a halfway gross model. 

Music producers and platforms similar Audius, DAOrecords, and TokenTraxx are moving with musicians to showcase the imaginable of Web3 technologies and springiness the fans the accidental to beryllium originative successful however they enactment with NFTs. 

Understandably, guitar brands intimately travel the NFT satellite arsenic celebrated guitarists get involved. In January this year, Keith Richards sold 1 of his prized guitars with an exclusive 1-of-1 NFT minted of the Tezos blockchain for $57,600 successful January. The auction included the guitar, the integer mentation successful the signifier of an NFT, and a video of Richards signing the guitar.

NFT Trademark applications person been booming since the opening of the year, with 3,306 trademark applications related to the exertion filed betwixt January and April.

🚩🚩New NFT + NFT-related trademark applications proceed astatine the USPTO. From Jan to April, 3347 NFT apps person been filed (vs. 246 thru April 2021). Here are the monthly numbers:
▶️ January: 637
▶️ February: 770
▶️ March: 1064
▶️ April: 876#NFTs #NFTsCommunity #Web3 pic.twitter.com/zqsaUuTKqL

— Mike Kondoudis (@KondoudisLaw) May 5, 2022

Despite the applications, Fender has not announced NFT plans.

View source