Gibson preparing to sell NFTs of its most famous guitars
Do Non-Fungible Tokens have good tone?
It looks like Gibson is preparing to sell NFTs of its most famous guitar models, which means you could purchase your own digital, one-time licenses based on blockchains.
An NFT, or Non-Fungible Token, is a kind of one-time certificate that requires digital ownership, e.g. a file that can be uniquely assigned to a person, and uses blockchain technology to show up and prove who owns it and when it was purchased, released, etc. Apparently on January 14, Gibson filed for trademark registrations for the “uniquely shaped body portion” for six of its famous models, including the Les Paul, Flying V, SG, Thunderbird, Explorer and what looks like either an ES-330 or the ES-335.
The U.S. Patent and Trademark Office intends to “cover the categories of downloadable multimedia files containing artwork, text, audio, and video relating to music and entertainment authenticated by non-fungible tokens.”
Blockchain technology is used with things like Bitcoin and Ethereum. So in theory, everyone can see the transaction. And like many cryptocurrencies in recent years, some NFTs are rising in value quickly. Normally, you buy an NFT of exclusive art, which can be accompanied by other elements to make it more attractive. For example, Steve Vai has recently announced an NFT of The Hydra, his new multi-neck guitar, which includes exclusive bonus content.
What we don’t yet know is the timescale for the release, so watch this space and we will let you know if we find out any more details. I suppose, if Gibson does release NFTs of its most popular guitar models, we might even see limited edition and Custom Shop NFTs in the future, which feature rare one-off and limited run instruments.
Would you buy an NFT of a Gibson guitar? Let us know your thoughts in the comments section below.
More Information on Gibson
- Gibson Abort Nacho '59 Les Paul: Gibson
Oh great ! A ponzi scheme is just what Gibson needed to improve their image.
( here’s a great video for an in depth look at NFT and why it’s worse than you think https://www.youtube.com/watch?v=YQ_xWvX1n9g )
Virtual nothing for idiots with money
Yeah, I have to agree with you there. Reminds me of the tulip bulb hype of the 1600s… lol https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp
Gibson is looking to become a has been brand it seems with idiot moves like this, along with their overpriced instruments. But then again, what idiot would buy NFT’s in the first place? By the way, I sold my Gibby to buy a Fender, Epi, AND a Gretch, suck it Gibson!
I would not buy an NFT for any Gibson. They are no better than the production guitars in any way, just enables even more ridiculous prices .
That’s like buying a virtual baseball card. Can’t actually touch it, worth nothing except to the idiot who purchased it.
I doubt they’re going to sell them. More than likely they’re using this as a form of copyright so if people try to sell NFTs featuring Gibson guitars, they’ll sue those people.