Limewire is introducing an AI Creator Studio on the Polygon blockchain to relief artists attach web3 speak material.
Limewire says its initial focal level would maybe be on image generation, using man made intelligence devices to permit users to connect novel shots or toughen existing ones. The platform says it plans to lengthen this introduction tool to tune generation in Q3 2024. Users would maybe well per chance maintain procure entry to to a large form of beats, melodies, and songs to connect their very private musical compositions.
The platform received notoriety within the early 2000s as a spot apart to share pirated tune—resulting in hundreds and hundreds of millennials who mediate Bob Seger sang “Trip with the spin Away.” The carrier sooner or later met its loss of life in 2011 after a fight in opposition to the RIAA and file companies commanded a $105 million out-of-court settlement. In 2021, Austrian brothers Julian and Paul Zehetmayer bought the Limewire IP with the map of rejuvenating the emblem from its days a infamous P2P sharing community.
In March 2022, Limewire returned as a digital collectibles marketplace, securing $17 million in funding by a private token sale. Limewire within the origin announced plans to launch a tune-focused NFT marketplace at the peak of the NFT increase, however the level of hobby appears to maintain shifted from that initial imaginative and prescient.
Limewire says all of the speak material generated with its AI Creator Studio would maybe be minted on the Polygon blockchain. Earnings would maybe be sever up between the distinctive artist and the creator of the AI-generated speak material. The platform distributes advert earnings, paid out in its LMWR token to artists fixed with the views their speak material generates.
When speak material pieces are traded on the secondary market as NFTs, creators procure a royalty paid within the USDC stablecoin. Creators would maybe well per chance maintain the chance to limit procure entry to to easiest fans who pay a monthly fee—creating yet one other earnings scuttle. Limewire will provide a obvious collection of free creations monthly to every user of the platform, while serial minters will must pay a fee.