Even though NFT creator fees are contracts, blockchain code cannot actually enforce token transfer stipulations, rendering those contracts essentially voluntary by design. From an operational perspective, royalties were never guaranteed on the blockchain; instead, the documentation of each NFT only requests a royalty, a procedure that platforms have previously honoured in more favourable market conditions.
Source: Crypto winter is here—and NFT artist royalties are under threat
The pop singer is bringing the holiday spirit to the online game Roblox for the month of December through the platform’s Livetopia experience. “Mariah Carey’s Winter Wonderland is designed to give Mariah Carey fans and users on Roblox a unique way to connect with the artist and enjoy her music with friends and family.
Source: Mariah Carey Brings Christmas to the Metaverse with Roblox
Artificial intelligence firm OpenAI has revealed its latest project. “We’ve trained a model called ChatGPT which interacts in a conversational way,” it explained. “The dialogue format makes it possible for ChatGPT to answer follow-up questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.” Intrigued, Music Ally decided to put ChatGPT through its paces with a conversation about the music industry
Source: A conversation with OpenAI’s ChatGPT about the music industry – Music Ally
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.
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
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
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.
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
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
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