A change of mind about NFTs
Kanye West seems to be changing his mind about Web3 and non-fungible tokens (NFTs). Last January, the rapper, producer and fashion designer shared an Instagram image a handwritten letter written on white paper: ” Don’t ask me to do an NFT “. Before adding at the bottom of the page: Ask me then “.
Despite this mood swing, he now seems to have changed his mind if we stay on trademark applications filed with the United States Patent and Trademark Office.
In effect, Kanye West’s Mascotte Holdings has filed 17 trademark applications with American authorities on May 27. Among these brands, some refer to the terms “non-fungible assets”, in reference to NFTs, and “metaverse experiences”.
One of the requests relates to the possibility that “ providing an online marketplace for buyers of collectibles, coins, tokens, and crypto and digital assets “.
The American trademark lawyer Josh Gerben, founder of Gerben Intellectual Property which has filed more than 7,000 trademarks for its clients, discovered the files and tweeted about them:
Kanye West has filed 17 new trademark applications around his name YEEZUS.
The filings show an intention to launch YEEZUS-branded amusement parks, NFT’s, toys and more. 👇#KanyeWest pic.twitter.com/bI7RkA1Pk3
– Josh Gerben (@JoshGerben) June 1, 2022
According to the lawyer, all requests for use of the YEEZUS trademarkwhich is the name of the rapper’s 2013 album as well as the name of one of his tours.
Is Kanye West preparing his own crypto and NFT exchange platform called Yeezus? We will find out soon.
👉 The NFT market will grow by 21.350% in 2021 – What will be remembered from this year on all records?
Trademark applications are less clear
Even if this may arouse the curiosity of most rappers and crypto fans, it’s still unclear what the purpose behind these trademark filings is. Unfortunately, Requests have only brief descriptions potential product offerings and did not provide details about types of NFTs that Kanye West can sue or to the kind of metaverse experiences that he would offer.
Applications also include a wide range of product potential outside the crypto spaceincluding clothing, video games, retail stores, amusement parks, cosmetics, and more.
American rappers are interested in Web3
If Kanye West wants to join the Web3 domain alongside NFTs and the metaverse, it’s definitely because other top American rappers are already interested in it.
Snoop Doggfor example, published several NFTs and collaborated with The Sandbox, a metaverse based on the Ethereum blockchain. He also wants to do from the famous American label Death Row founded by Dr. Drethe 1st label for NFTs and the metaverse.
Snoop Dogg also claims the pseudonym of Cozomo de ‘Medici, a high-value NFT collector.
Last January, popular rapper Eminem bought NFT from the Bored Ape Yacht Club (BAYC) collection for $ 450,000.
Nas is another American rapper who quickly became interested in this universe: he an early Coinbase investor and releases NFT musicals through the Royal platform.
👉 Know – NFT MakersPlace platform raised $ 30 million from Eminem and other investors
Newsletter
Get a crypto news recap every Sunday 👌 And that’s it.
About the Author: Timothy Bernines
Enthusiastic about the world of investing, cryptocurrencies have caught my attention for a few years now. Having a great interest in the field of new technologies and Web 3, this is why I naturally want to write articles on Cryptoast, to contribute to the democratization of this social universe.
All articles by Timothé Bernines.