Technology

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.

Source: Disney’s new CEO Bob Iger and crypto

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.

Source: Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market – Blockchain Bitcoin News

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

Unstable Diffusion, a growing Discord community, is attempting to build AI models tuned for porn generation — and make a profit from them. While the use of AI to create porn isn’t new, Unstable Diffusion’s models are capable of generating higher-fidelity examples than most. The generated porn could have negative consequences particularly for marginalized groups, ethicists say, including the artists and adult actors who make a living creating porn to fulfill customers’ fantasies.

Source: Meet Unstable Diffusion, the group trying to monetize AI porn generators

DeviantArt, the Wix-owned artist community, today announced a new protection for creators to disallow art-generating AI systems from being developed using their artwork. An option on the site will allow artists to preclude third parties from scraping their content for AI development purposes, aiming to prevent work from being swept up without artists’ knowledge or permission.

Source: DeviantArt provides a way for artists to opt out of AI art generators

The race is already on to define and shape Web3. Gaming companies have sprinted ahead, merrily snapping up key music companies, resources, tech, and talent as they go. The big music industry players are unlikely to catch up easily. At this point, all signs indicate they’ll need to adapt to gaming’s leadership, rather than attempt to lead themselves, if they want to have a viable role in Web3’s future.

Source: Games have raced ahead to build Web3, but it’s not too late for music

We’ve seen a flurry of announcements from streaming services recently about their catalogues reaching 100m tracks: Apple Music, Amazon Music and YouTube Music. Now there’s an announcement about a catalogue that’s a tenth of the size, but potentially as interesting to discuss in the context of the future of the music industry.

Source: AI music startup Boomy has been used to create 10m songs – Music Ally

As advancements in tech surpass imagination, computing demands for audio dutifully follow. Upgraded tech like spatial audio, neural networks, machine-learning-based plugins, and heavy virtual analog plugins now highlight a massive need for music developers. A new ‘standard of processing’ is needed to go where tech is going.

Source: Will GPU Audio Power the Music Industry’s Future?

The Web3 community’s continued interest in the music industry shows little sign of waning, and the love affair is starting to feel mutual. Whether it’s Crypto.com signing a deal with Fantagio, MTV creating a virtual space in Roblox, or the new Muse album being released as a chart eligible NFT, it feels like we still only have our toe in the water of the vast pool of potential use cases for blockchain, the metaverse, cryptocurrency and decentralized organizations. 

Source: HODL the Line: The future of Web3 in the music industry

Tech firms’ in-house legal teams will be poring over the detail in the coming months as they figure out how to adapt their policies and procedures to ensure compliance and dodge penalties that can scale up to 6% of global turnover for the more egregious breaches. The rules are intended to drive accountability online by streamlining how platforms and marketplaces must tackle illegal content, goods and services.

Source: Countdown to compliance as EU’s Digital Services Act published