The film’s producers Phoenix Waters Productions and AMM Global have teamed with specialty firm Marvion Media and will offer a limited edition of just five NFTs in October. They will also offer NFT to attend both the Hong Kong and U.K. premieres of the film.
A quick glance down the production credits of any Top 40 song makes it clear that there’s a team behind every artist: songwriters and producers, not to mention creative directors, engineers, and marketing teams. But most of these contributors have been shut out of the royalties they deserve: a songwriter often only gets a share of publishing, without any share of the master royalty, despite having a massive hand in the crafting of the song. Virtual artists can change this paradigm.
Roblox and Warner Music Group announced the news today, with the forthcoming ‘Twenty One Pilots Concert Experience’ described as “a completely new format of interactive music experiences on Roblox”. The Roblox and Twenty One Pilots tie-up comes eight months after WMG joined a $520m Series H investment round in Roblox Corporation, the parent company of the kids’ gaming phenomenon.
NFT generative art is a nascent and rapidly growing ecosystem within the crypto world that has emerged as an alternative to the absurdity of the traditional art world. Using a new artistic digitally native medium, the movement fundamentally challenges our conception of what gives art its value and how society expresses its communal values through art.
‘Frank Sinatra’ was crooning about hot tubs in 2020, more than 20 years after his death. However, it was only as a deepfake that the iconic voice of Ol’ Blue Eyes sang, “Ohh, it’s hot tub time” over a warbled backing track of piano and horns.
The High Court of Australia determined that media companies, by creating a public Facebook page and posting content on that page, facilitated and encouraged comments from other users on those posts. That means the media companies should be considered publishers of the comments and are therefore responsible for any defamatory content that appears in them, according to a summary of the judgment from the court.
Non-fungible tokens or NFTs are technological capitalism’s answer to its own limitations. By overcoming the physical nature of virtually every object and allowing their safe storage on a digital blockchain has changed how investors and buyers perceive the market in a world dictated by all-things-digital.
Audius is a rising streaming music service that offers an alternative to heavyweight players in the space—like Spotify and Apple Music—via a decentralized approach that hosts tunes on distributed nodes, rewarding users for supporting the network. And like many crypto projects of late, Audius has embraced NFTs.
Earlier this year, DeviantArt launched a new tool for artists within its community to feel safer releasing art online. The original product, DeviantArt Protect, is a one-of-a-kind image recognition software designed to safeguard art.
As the creator economy grows and matures, platforms which enable users to create and creators to be remunerated properly are going to become increasingly more important – but the relationship between the creators, who are originating on these platforms, and the platforms themselves is not guaranteed to be a sustainable one.