Music Web3 startup Highlight raises $11m from backers including Three Six Zero, WME

May 23, 2022By rightstech

A new US-based web3 startup called Highlight has raised $11 million in seed funding from a heavyweight list of music industry investors. Highlight aims to let anyone mint non-fungible tokens (NFTs), with no prior technical expertise. Amongst Highlight’s new backers are WME, Method Music, Mark Gillespie (Three Six Zero) and Chris Zarou (Visionary Music).

Source: Music Web3 startup Highlight raises $11m from backers including Three Six Zero, WME

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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