Defient describes itself as a Web3 entertainment company and NFT incubator that develops products through technology, community, NFT releases, and industry-leading partnerships. The music publishing arm of Warner Music Group says its first project as part of the partnership will be the launch of ‘Archives,’ which a press release explains will serve as a multi-dimensional digital museum powered by blockchain.
Technology
Festivals in the metaverse: How Web3 projects are taking culture virtual
One way brands and organizations are using the metaverse is by hosting large-scale virtual events similar to those they already hold in-real-life. Most recently, Decentraland held a four-day music festival with mega-headliners which included Björk, Ozzy Osbourne and Soulja Boy. The event had multiple stages designed with the aesthetic of the artist performing, along with other interactive attractions for festival goers.
Source: Festivals in the metaverse: How Web3 projects are taking culture virtual
Lionsgate Files NFT Patents – Plans To Offer Its Film Experience In Metaverse
According to data submitted, the Lionsgate Entertainment Corporation anticipates using its business name “Lionsgate” to provide NFT-related services, including launching a crypto trading platform, NFTs, and virtual goods. Lionsgate plans to provide its customers with digital media, such as virtual art and digital collectibles. The entertainment platform plans to unleash crypto exchange, offering storage, tracking, and processing digital assets.
Source: Lionsgate Files NFT Patents – Plans To Offer Its Film Experience In Metaverse
The music industry isn’t ready for the AI revolution.
It is not a secret that the world’s biggest artists and brands today use human co-writers, ghost producers, mixers, engineers, A&Rs, and other professionals to help them translate their emotions and stories into songs. But what if artists and producers could train an AI system to replicate their emotions, story, or whatever else they want to create into a fully-produced, voiced, mixed, and mastered release-worthy song?
Source: The music industry isn’t ready for the AI revolution.
Creative AI Is Generating Some Messy Problems
The hot new trend in tech circles comes with thorny legal and ethical challenges. . Typing in “a dragon in the style of Greg Rutkowski” will churn out artwork that looks like it could have come from the forenamed digital artist who creates fantasy landscapes. Rutkowski gets no financial benefit for that, even if the generated image is used for a commercial purpose, something the artist has publicly complained about.
Source: Analysis | Creative AI Is Generating Some Messy Problems
NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million
Spurred by FTX’s collapse and the resulting contagion spreading to other companies, the icy crypto bear market is only getting colder—and the NFT market has lost considerable steam since earlier this year. Even so, some “blue chip” Ethereum NFTs still command sizable prices, as evidenced by today’s sale of a Bored Ape for just shy of $1 million.
Source: NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million – Decrypt
Twitter’s Broken Its Copyright Strike System, Users Are Uploading Full Movies
While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk, we are already starting to see the cracks spreading through the walls. Last night, it became apparent that Twitter’s automated copyright strike/takedown system was no longer functional.
Source: Twitter’s Broken Its Copyright Strike System, Users Are Uploading Full Movies
Disney’s new CEO Bob Iger and crypto
Iger gained the most of his renown during his 15-year tenure as CEO of the international entertainment giant. However, the Disney executive rose to prominence in the cryptocurrency industry after joining Genies as a director, consultant, and investor. Genies is a blockchain technology development company. The Genies platform is a digital avatar system that is powered by Dapper Labs’ Flow blockchain.
Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets
Sony has filed a patent to use NFT and decentralized ledger technology in order to record the movements and changes undergone by in-game digital assets. The filing, titled “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger,” introduced in July 2021, describes a system that mints a token to follow the history of each one of these assets in a given environment.
Tunedly Aims to Disrupt the Music Industry With TunedCoin Project
Blockchain technology is rapidly evolving with new use cases. Supply chain tracking and tracing, compliance auditing, and simplified payment processing are all some of the applications for which the technology is being adopted. Now Tunedly aims to disrupt the music industry by introducing blockchain-fueled reward mechanisms to help encourage user engagement.
Source: Tunedly Aims to Disrupt the Music Industry With TunedCoin Project