LimeWire, previously a file-sharing platform that relaunched as an NFT market, has launched a synthetic intelligence studio in partnership with Polygon Labs.
The LimeWire AI Studio will enable customers to create AI-generated photographs, adopted by music and video capabilities later this yr, the corporate mentioned in a LinkedIn submit on Tuesday (August 29).
“Beginning right now, customers will be capable to create AI generated photographs on LimeWire, adopted by music and video capabilities later this yr. All content material can be robotically minted on Polygon, together with totally automated creator earnings,” LimeWire mentioned.
Artists will be capable to earn a share of advert income generated on the platform paid out through LimeWire’s native LMWR token.
“The LMWR token will play an integral half within the AI Studio, starting from free studio credit for token holders, to automated advert income payouts in LMWR,” the corporate mentioned.
“With the launch of the LimeWire AI Studio, we are going to now decrease the entry barrier for anybody to grow to be a content material creator and begin their artistic entrepreneurial journey.”
Marcus Feistl, LimeWire
The announcement came visiting a month after LimeWire launched its ad-revenue sharing program powered by LMWR. This system permits all creators to “earn a justifiable share of earnings with the content material they create,” LimeWire mentioned on the time.
Again in Could, the corporate disclosed that it had raised USD $17.5 million in a number of rounds of funding via the sale of LMWR. That adopted the corporate’s announcement that it launched a cryptocurrency recreation for customers to stimulate the downloading of music thought of fashionable twenty years in the past.
Most just lately, Blockworks reported, citing LimeWire Chief Working Officer Marcus Feistl that within the third quarter, customers will be capable to use a catalog of melodies, beats and songs to create AI-generated music.
The content material can be initially sourced from companion platforms and LimeWire-owned content material earlier than musicians are allowed to add their very own content material.
“The studio is actually made for skilled creators simply as a lot as it’s for first-timers,” Feistl was quoted by Blockworks as saying.
“Skilled creators may use it to reinforce their present content material or to faucet into new content material sorts — [like] creating cowl artwork for music releases — whereas newcomers may discover it as an easy begin into their creator journey.”
“LimeWire’s objective is to grow to be the no.1 platform for anybody to create, share and monetize content material,” Feistl reportedly mentioned.
“With the launch of the LimeWire AI Studio, we are going to now decrease the entry barrier for anybody to grow to be a content material creator and begin their artistic entrepreneurial journey,” the chief added.
LimeWire final yr signed its first main label partnership with Common Music Group, offering licenses to permit LimeWire to companion with UMG artists with a purpose to launch music-based NFT tasks utilizing the LimeWire market.
Music Enterprise Worldwide