After quite a few months of criticism of NFT on social media, superstar rapper Kanye West filed 17 trademark applications relating to Yeezus, his sixth studio album, revealing strategies to release NFT in the long term.
According to a filing with the United States Patent and Trademark Office (USPTO), Kanye could be on the verge of issuing its very own NFT. In his presentation at the USPTO, Yeezus described collections, blockchain-based mostly NFT assets, and on-line retail providers. The filing also claims that he intends to open theme parks with a combine of NFTs and toys.
It is unclear irrespective of whether Yeezus intends to use the trademarks quickly and how precisely they will be utilised. The over filing is created public by the USTPO on a 1B basis, which implies the proprietor only involves a license for a dedication to use the brand in the long term.
In the previous, Kanye West has argued that Bitcoin and cryptocurrencies will be the liberating energy for all of humanity. However, in February of this yr, West flatly denied NFT in a handwritten letter posted on Instagram and positioned an ellipsis asking the local community to mention NFT at one more time. This submit is no longer out there.
As NFT tasks grow to be additional and additional well-liked, trademark registration is steadily turning into a well-liked way that the wealthy and well known use to “claim” their sovereignty in this huge globe.
In April, David Beckham launched 3 trademark registration application for metaverse and NFT linked items. Nike just filed for safety for the phrase “Cryptokicks” on April 19th. Or Meta not too long ago filed five trademark applications in the United States, suggesting the birth of the “Meta Pay” digital payment platform. Meta has previously filed eight trademark applications with the USPTO, describing the move as portion of an work in direction of the digital economic climate.
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