The NFT market has gathered a lot of attention recently by becoming an 11.3 billion dollar industry in the year 2021. After that most of the mainstream media seems certain to enter the blockchain world. Similarly, Metaverse and NFTs are becoming quite notable in the music and entertainment industry.
In the most recent news, Sony Music has become the most recent entertainment business to embrace NFTs. A trademark application was submitted to the United States Patent and Trademark Office (USPTO) on Sept. 6.
The application covers the trademark for NFT Backed Media Music + Podcast Production Artist Management + Music distribution services and more.