lime wireis a former file-sharing platform reborn that now focuses on content creation powered by artificial intelligence and has expanded into AI music creation with the introduction of AI Music Studio.
LimeWire launched LimeWire AI Studio in August, polygon lab, paving the way for users to create AI-generated images. At the time, the company indicated it would launch music and video features later this year.
Four months later, LimeWire opened its doors. Limewire AI Music StudioThis will allow users to create “fully ownable AI-generated tracks.”
LimeWire said the development is its “second significant investment” in strengthening its AI services. acquisition AI image generation platform blue willow During September.
The company said that similar to the BlueWillow acquisition, AI Music Studio integrates the existing AI Studio interface with advanced generative AI technology.
“The launch of LimeWire AI Music Studio is a groundbreaking technological milestone that represents not only our progress in the pursuit of innovation, but also our deep commitment to fostering creativity within the dynamic landscape of modern content production. ” he said. paul zehetmeyerCo-CEO of LimeWire.
“As music continues to evolve, so too does our commitment to providing aspiring musicians with cutting-edge tools to empower and amplify their artistic expression.”
Paul Zehetmayer, Limewire
“As music continues to evolve, so too does our commitment to providing aspiring musicians with cutting-edge tools to empower and amplify their artistic expression.”
Through LimeWire AI Music Studio, users will be able to generate full-length tracks, create cover images for their work, and publish them all on a single platform. Additionally, we integrate open source AI technology, allowing users to maintain ownership of the music they create, unlike competitors that only offer creation capabilities without ownership. discord Limewire said it takes community and complex prompts.
The company says it will leverage blockchain technology and its native platform currency token LMWR to make AI-generated content owned and tradable, allowing creators to monetize their content as part of the LimeWire ad revenue sharing program. LimeWire says it hosts a community of more than 2000000 Creators who worked on the above designs 5 million Content portions generated by AI.
The debut of LimeWire AI Music Studio accelerates the company’s comprehensive product development plan, with the company aiming to launch a full-fledged AI-enabled audio workstation in 2024. LimeWire says it envisions a future where anyone can create tracks from beats and become a music artist. Melodies, lyrics, and editable singing voices.
“Our platform is designed to break down barriers and empower aspiring musicians and creators to unleash their potential with the power of AI.”
Julian Zehetmayer, Limewire
“Our platform is designed to break down barriers and enable aspiring musicians and creators to unleash their potential with the power of AI. We strongly believe that music should be a catalyst for inclusivity and empower aspiring musicians from all walks of life,” Zehetmayer said.
“By providing accessible AI tools, we aim to level the playing field and ensure that traditional resource constraints do not hinder creative journeys.”
LimeWire has entered into strategic partnerships with the following companies: algorand, polygon, google cloud and universal music groupwill partner with UMG artists to launch music-based NFT projects using the LimeWire marketplace.
In May, LimeWire announced it had raised funding. $17.5 million With multiple funding rounds through the sale of LMWR tokens, $15 million We are slowly approaching our fundraising goal $30 million Fundraising Restrictions.
LimeWire began as an illegal music file sharing platform in 2000 and was subsequently sued by numerous rights holders. Last year, it relaunched as an NFT marketplace, and earlier this year launched a new subscription service aimed not just at musicians but also at creators and brands.
world music business