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Gibson is preparing to sell NFTs of its most famous models
From GuitarWorld online. Obviously, you might want to Google what's behind an NFT if you don't know.
Gibson is preparing to sell NFTs of its most famous models
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
Mandolin Cafe
...you might want to Google what's behind an NFT if you don't know.
Googled it. Read all about it. Still don't know:(
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Re: Gibson is preparing to sell NFTs of its most famous models
I don't think I want to know.
But apparently it doesn't have a fungus.
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Re: Gibson is preparing to sell NFTs of its most famous models
So they're trying to trademark the visual images of their various products, after failing to trademark the actual items for decades, or over a century for mandolins?
Good luck with that.
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Re: Gibson is preparing to sell NFTs of its most famous models
They say a fool and their money are soon parted.
Maybe I am the fool for dismissing NFT's, I'll take that correction if it ever arrives.
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Re: Gibson is preparing to sell NFTs of its most famous models
You know, the world is just getting way too complicated.
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
Bob Clark
You know, the world is just getting way too complicated.
It is not particularly complicated. P.T. Barnum had it all figured out 150 years ago. Nothing new under the sun.
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
FLATROCK HILL
Googled it. Read all about it. Still don't know:(
Yep...
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Re: Gibson is preparing to sell NFTs of its most famous models
Just another example of the new innovation brought in by the new management on the heels of this.
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Re: Gibson is preparing to sell NFTs of its most famous models
One of the great things about acoustic musical instruments is that they are inherently non-fungible. Unlike NFTs, however, they also have an intrinsic value that isn't dependent on an ephemeral currency's exchange rate.
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Re: Gibson is preparing to sell NFTs of its most famous models
Okay…. Here’s my attempt at understanding.
NFT = Non-Fungible Token
In general, it is a one of a kind “digital” asset that can’t be replaced.
Non-Fungible = Unspecific merchandise that cannot be replaced.
Basically, Gibson trademarks the shapes so nobody else can use them digitally and then sells the trademarked images, since they’re not available elsewhere. Urban Dictionary comes trough again:
https://www.urbandictionary.com/defi...m=NFT&=true
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
Mandolin Cafe
Just another example of the new innovation brought in the the new management on the heels of
this.
Only a Gibson is good enough!
What happens if someone else already bought an NFT that contained the images of an F5 mandolin? Would they own the shape?
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
Kevin Briggs
Okay…. Here’s my attempt at understanding.
NFT = Non-Fungible Token
In general, it is a one of a kind “digital” asset that can’t be replaced.
Non-Fungible = Unspecific merchandise that cannot be replaced.
Basically, Gibson trademarks the shapes so nobody else can use them digitally and then sells the trademarked images, since they’re not available elsewhere. Urban Dictionary comes trough again:
https://www.urbandictionary.com/defi...term=NFT&=true
For anyone that might not understand the Urban Dictionary explanation that should be Save As not Save On unless there is an operating system I'm unaware of.
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
MikeEdgerton
Only a Gibson is good enough!
What happens if someone else already bought an NFT that contained the images of an F5 mandolin? Would they own the shape?
I think they would own a nonfungible picture of a shape. So they've got that going for them, I suppose.
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Re: Gibson is preparing to sell NFTs of its most famous models
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Re: Gibson is preparing to sell NFTs of its most famous models
It's only a Gibson and I've had enough.
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Re: Gibson is preparing to sell NFTs of its most famous models
NFT: quite literally “ain’t no part of nothin’”
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Re: Gibson is preparing to sell NFTs of its most famous models
Today’s other incomprehensible story involves a large white hat, an NFT, an oddball cryptocurrency and a recent First Lady’s auction. Seems that there was a problem.
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
MikeEdgerton
For anyone that might not understand the Urban Dictionary explanation that should be Save As not Save On unless there is an operating system I'm unaware of.
Good catch, MikeEdgerton.
Also... I liked the third definition best by RandomAsianMan. That's what compelled me to share, although the first two were funny.
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Re: Gibson is preparing to sell NFTs of its most famous models
I wonder what are they aiming at with the NFTs? Are they going to sell pretty digital pictures of their guitars or what? As I understand this, it won't make them being able claim rights for any digital picture containing one of their guitars. And not at all wooden real world objects.
What may be interesting is the first half of the subtitle:
[quote]Earlier this month, the company filed for trademark registration of body shapes like the Flying V, Les Paul and SG for the purposes of selling "multimedia files" authenticated by NFTs [\quote]
The trademark registartion could mean more lawsuits (or threats) against other builders of similar instruments. But didn't they fail at that few years ago? Or could the trade mark be limited just to digital pictures of the shapes?
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Re: Gibson is preparing to sell NFTs of its most famous models
Quote:
Originally Posted by
HoGo
I wonder what are they aiming at with the NFTs? Are they going to sell pretty digital pictures of their guitars or what? As I understand this, it won't make them being able claim rights for any digital picture containing one of their guitars. And not at all wooden real world objects.
What may be interesting is the first half of the subtitle:
Earlier this month, the company filed for trademark registration of body shapes like the Flying V, Les Paul and SG for the purposes of selling "multimedia files" authenticated by NFTs
The trademark registartion could mean more lawsuits (or threats) against other builders of similar instruments. But didn't they fail at that few years ago? Or could the trade mark be limited just to digital pictures of the shapes?
It means that Gibson, like most large companies today, is not a builder or manufacturer. It is a branding exercise run by marketeers. It is an exercise in Sell the Sizzle, not the Steak". "The ONLY goal of a corporation is to make money" as the B-school gurus and motivational consultants intone. If you can sell digital imagery or name recognition or vaporware, rather than a product, it will bring bigger margins without any pesky liability or warranty issues. Not to mention capital investment nor having to deal with troublesome skilled labor expecting to be paid for their skills and effort like you have with a real product. Welcome to the 21st century.
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Re: Gibson is preparing to sell NFTs of its most famous models
Wow this is just embarrassing for them. When you’re chasing digital trends instead of making investments in what you are known for, run for the hills
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Re: Gibson is preparing to sell NFTs of its most famous models
If you can’t monetize your business, just monetize pictures of your business.
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Re: Gibson is preparing to sell NFTs of its most famous models
I don't think those NFTs will have a very good tone. Probably rather hard to tune as well.
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Re: Gibson is preparing to sell NFTs of its most famous models
Eh. NFT? NFW!
BTW & FWIW, these NFTs have NMC. All six offerings are of electric guitars.