Music Creators To Mint Money, Thanks To LimeWire
By Kapil Rajyaguru
Well, does the name ‘LimeWire’ ring music to your ears?
Yes. LimeWire, the same file sharing platform of the early 2000s that shot to fame for its role in distributing pirated music and earned its share of notoriety. Well, Limewire, after taking its initial baby steps in the world of web3, is now gearing up to launch its ‘AI Creator Studio’ on Polygon blockchain.
With this, LimeWire wants to empower Creators who will now have the option to monetize their content by selling it to their fans for a monthly fee. LimeWire’s aim is to become the no.1 platform for anyone to create, share and monetize content.
Created by American techie Mark Gorton in 2000, LimeWire was bought by two serial entrepreneur brothers Julian and Paul Zehetmayr in 2021 for an undisclosed amount. The company raised roughly $10 million in April 2022 as part of a private token sale by Kraken Ventures, Arrington Capital among others.
In its changed avatar since its infamous days of spreading pirated music, LimeWire has now evolved into a Web3 content platform that aims to empower creators and artists in a decentralized manner.
LimeWire’s Creator Studio’s first use case is image generation, allowing users to create new images or enhance existing ones via various artificial intelligence models.
This creative capability is just the beginning, as LimeWire plans to expand the studio’s offerings to include AI-generated music in the third quarter. Users will have access to a library of melodies, beats, and songs to create their own AI-generated musical compositions. Isn’t it great guys!
Prior to opening access to musicians uploading their own content, the library will initially source its content from LimeWire’s partner platforms and natively owned content.
Everything created in the studio will be minted on the Polygon blockchain.
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