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Thread: Gibson is preparing to sell NFTs of its most famous models

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    Administrator Mandolin Cafe's Avatar
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    Default 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

  2. #2

    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by Mandolin Cafe View Post
    ...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
    "I play BG so that's what I can talk intelligently about." A line I loved and pirated from Mandoplumb

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    Default 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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    Default 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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    Default 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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    Barn Cat Mandolins Bob Clark's Avatar
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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    You know, the world is just getting way too complicated.
    Purr more, hiss less. Barn Cat Mandolins Photo Album

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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by Bob Clark View Post
    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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    Registered User sunburst's Avatar
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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by FLATROCK HILL View Post
    Googled it. Read all about it. Still don't know
    Yep...

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    Default 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.
    Last edited by Mandolin Cafe; Jan-26-2022 at 10:39pm.

  16. #10

    Default 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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    Default 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&amp=true
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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by Mandolin Cafe View Post
    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?
    "Bargain instruments are no bargains if you can't play them". These are the words of J. Garber.

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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by Kevin Briggs View Post
    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.
    "Bargain instruments are no bargains if you can't play them". These are the words of J. Garber.

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    Registered User Joe Dodson's Avatar
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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by MikeEdgerton View Post
    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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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Pass
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    "If brains was lard, that boy couldn't grease a very big skillet" J.D. Clampett

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    Expert on my own opinion Bogle's Avatar
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    Default 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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    Default 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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    Default 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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    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by MikeEdgerton View Post
    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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    Adrian Minarovic
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    Default 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?
    Adrian

  32. #21

    Default Re: Gibson is preparing to sell NFTs of its most famous models

    Quote Originally Posted by HoGo View Post
    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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    Default 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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    Default 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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    Default 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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    Default 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.
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