Trademark Filing by Kanye West – Is He Planning to Launch NFTs?
Categories: Crypto News US
Trademark Filing by Kanye West – Is He Planning to Launch NFTs?The recent seventeen trademark applications filed surrounding Kanye West’s might just be the hint we needed to know that the artist may be planning to mint his own non-fungible tokens (NFT) now. The move shows that despite publicly condemning digital art, the popular rapper-designer is finally ready to step into the world of virtual worlds of metaverse and NFTs.This trademark application by the American singer appears to have been filed on May 27 in West’s company’s name, Mascotte Holdings, Inc. The rapper applied for the Yeezus trademark under multiple categories in a patent and trademark application filed with the United States Patent and Trademark Office.
This news is huge and has been a shock to many because just this year, in February, West stated on his Twitter handle to his then 10.5 million followers when asked about entering into the NFT industry that he is “only focused in investing and building the physical, real-world goods- real food, real shelter, real clothes“. It looks like the table has turned now.But Kanye West is not the only one who has changed his mind and entered this world. Celebrities like Paris Hilton, Melania Trump, and William Shatner have started selling NFTs, tokens that symbolize ownership of paintings, trading cards, virtual clothes, and other items, albeit not necessarily copyright ownership.
In December, Patriots quarterback Tom Brady launched NFT souvenirs and an NFT company he co-founded just raised $170 million from Silicon Valley.Though it has been surfaced in the news that amusement parks, NFTs, board games, retail outlets, computer goods, toys, video games, cosmetic products, Christmas novelty ornaments, and other trademarks were filed, the trademarks particularly cited as “blockchain-based non-fungible assets, currency and tokens, and “online retail shop services showcasing… digital art” when it came to the blockchain world.
Popular Celebrities Who Have Made Their Own NFTs
With the popularity of non-fungible tokens or NFTs skyrocketing in the previous year, it’s no longer unexpected that the latest fad to grip the world comes from the crypto industry. NFTs have exploded in popularity and price over the last year, thanks to celebrity tweets and videos pushing them to thousands of admirers who buy the products they sell.NFTs are blockchain-based assets with unique identifiers stored in smart contracts. Celebrities have now used NFTs to tokenize anything from music to images to artwork. Here are some of the most well-known Hollywood figures who have participated in the NFT market and profited from it.
Paris Hilton
Hilton developed her first NFT in 2019 and donated the proceeds to charity, earning her the Best Charity NFT at the 2020 NFT awards ceremony. In April 2021, she released three more NFT collections, one of which, the Iconic Crypto Queen, sold for $1.1 million.
Snoop Dogg
Snoop Dogg acquired a star on the Hollywood Walk of Fame in 2018, hence this list would be incomplete without him. Under the alias Cozomo de Medici, Dogg purchases NFTs.The wallet contains NFTs worth approximately $14.5 million, according to DappRadar. Dogg has developed various NFT brands, including 1,000 NFTs of Death Row Mix: Vol. 1 and Clay Nation, an NFT collection on Cardano, in addition to accumulating NFTs.