LimeWire, the popular file-sharing software that launched in 2000, has recently rebranded itself as an AI-powered content-publishing and community platform.
With the launch of LimeWire AI Studio, the company aims to give ownership to content creators through the power of artificial intelligence and blockchain technologies.
LimeWire turns AI-powered content-publishing platform
LimeWire is on a mission to reshape the maker economy. It will be “the first content-subscription platform … to have the concept of ownership at its core and seek to leverage the benefits of blockchain technology and Web3,” said co-CEOs Paul and Julian Zethmeyer. ,
Web3 refers to the developing idea of a decentralized World Wide Web, in which most online activities incorporate blockchain technology and token-based economics. The idea is that instead of only a limited number of giant tech companies making money, anyone can make a profit.
With the new LimeWire AI Studio, all many and varied content creators – photographers, streamers, podcasters, musicians – can create, publish and monetize images, videos and music with the power of AI. And it will all work through communities of fans.
On the LimeWire homepage, you can access tools for creating and editing images. In the near future, you’ll also be able to work with videos and music.
Photo: LimeWire
The community aspect of LimeWire will be based on direct fan subscriptions, which has its own advantages. Here’s how LimeWire describes it:
LimeWire is a platform for content creators, artists, and brands to build subscription-based communities for their most ardent fans. Our goal is to help artists create recurring revenue streams by providing a platform and framework for direct fan subscriptions.
In return, fans get exclusive content, access to a private community, the ability to communicate directly with their favorite artists and brands, and be a part of their journey.
And in the spirit of blockchain, LimeWire will have its own mini-economy, so to speak:
Through blockchain technology, we make exclusive content and assets proprietary and tradable, allowing fans to not only consume exclusive content, but also participate directly in the success of the creators they support . In short, the new LimeWire is the first Web3 subscription platform for artists, brands and creators.
LimeWire AI Studio is growing fast
In LimeWire AI Studio, you can create and edit images. Functionality for music and videos is coming soon.
Photo: LimeWire
LimeWire AI Studio recently launched. Currently, it can be used for AI image creation and editing. But soon, creators will be able to use it for generative AI music and video creation, the company said.
And while the Studio supports AI models including the DXL, SD 2.1 and DALL-E2, LimeWire plans to launch its own proprietary model this month.
“Our goal is to build a multi-content AI studio that allows users to create complete music tracks and sophisticated video content using AI,” the company said.
Crypto tokens and ad-revenue sharing
LimeWire also offers a crypto utility token called LMWR. Creators can use this to pay for signals, earn ad revenue share for AI-generated content, and more.
LMWR tokens can be bought and traded on a number of crypto exchanges including Kraken, Bybit, and Uniswap. The company said that LimeWire allows users to automatically mold AI-generated content as NFTs on the Polygon and Algorand blockchains.
To benefit creators, LimeWire built ad revenue sharing into its platform. Creators automatically receive up to 70% of all advertising revenue generated from people viewing their content. Ad revenue is paid monthly in LimeWire’s native token, LMWR.
The basic version of LimeWire AI Studio is free, so how is the company doing? It offers paid subscription plans for additional prompts, more models, and many more features. The price ranges from $9.99 per month to $99.99 per month depending on the subscription plan.
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Source: cryptosaurus.tech
