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News on Medial
NFT platform Zora is offering a novel way for AI model makers to earn money
TechCrunch
·
1y ago
Medial
Social network platform Zora is expanding into the artificial intelligence (AI) market. Zora aims to assist creators, artists, and brands in monetizing their content through non-fungible tokens (NFTs). The platform, built on the Optimism blockchain, has seen over $300 million in secondary sales and over 4 million NFTs minted since its founding in 2020. Zora aims to integrate crypto and AI technologies, as both benefit from having information on-chain. The platform recently launched AI-powered minting capabilities, allowing creators to generate images almost instantly. Zora believes that blockchains can help verify and authenticate the ownership of creations, increasing transparency.
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Rario burns through $120 Mn in 15 months, future looks uncertain
Entrackr
·
1y ago
Medial
Cricket NFT platform Rario, which raised $120 million in a Series A round in April 2022, is facing an existential crisis. The company reportedly ran out of money and was on the brink of bankruptcy, leading to the resignation of its co-founders. Investors have taken control of the company, reducing the workforce, with plans to potentially launch a new business model. Rario re-launched its NFT marketplace in December 2022 but struggled to gain traction. The fading popularity of Web3 gaming and crypto enthusiasm may further affect the company's future.
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Vana plans to let users rent out their Reddit data to train AI
TechCrunch
·
1y ago
Medial
Vana, a startup, aims to allow users to earn money by renting out their Reddit data for AI training. The founders, Anna Kazlauskas and Art Abal, developed Vana as a platform that lets users combine their personal information into data sets usable for AI model training. Vana also allows for personalized user experiences by fine-tuning public models on the collected data. Vana ensures user data control and presents a monetization opportunity for individuals who can collectively decide how their data is used through the Reddit Data DAO.
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An agency created an AI model who earns up to $11,000 a month because it was tired of influencers 'who have egos'
Business Insider
·
1y ago
Medial
A Spanish modeling agency has created Aitana López, the country's first AI influencer, who can earn up to €10,000 ($11,000) per month as a model. The agency, The Clueless, created the AI-generated influencer due to difficulties working with real models and influencers. Aitana López, a 25-year-old with pink hair, has gained 124,000 followers on Instagram and is featured in images on Fanvue, a subscription platform similar to OnlyFans. The AI model can earn over €1,000 ($1,090) per advert and promotes fitness and video games on social media. AI models like Aitana López are increasingly finding success on social media and adult content platforms.
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A New Kind of AI Model Lets Data Owners Take Control
Wired
·
1m ago
Medial
Researchers at the Allen Institute for AI have developed a novel large language model, FlexOlmo, enabling data control post-training. Unlike current AI models, which absorb and lock data, FlexOlmo allows data owners to contribute and retract their data without handing it over. It uses a "mixture of experts" architecture, merging sub-models independently to maintain privacy and ownership, offering a transformative approach to AI data management and challenging existing industry practices.
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Professors to get paid like creators, earn royalties from digital twins, AI avatars - The Economic Times
Economic Times
·
1m ago
Medial
Masters' Union has launched a royalty model allowing professors to earn on digital twins, similar to musicians on streaming platforms. Professors' AI avatars will teach courses, earning per student and an honorarium for licensing their avatars. This model respects educators as IP holders and aims to scale their impact. The initiative supports the school’s goal of offering free business education through AI avatars, marking a formal approach to AI-based faculty compensation in India.
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Spotify is developing tools that would let users remix songs, screenshots show
TechCrunch
·
1y ago
Medial
Spotify is reportedly developing mixing tools that would give users the ability to remix songs directly within the streaming platform. Screenshots captured by app researcher Chris Messina show features such as transition styles, tempo range setting, and genre filtering. While discussions are said to be in the early stages, no licensing agreements have been worked out. The new capabilities could offer a way for artists to earn money from remixes that are tied to their original tracks. The potential launch date for the mixing tools remains unknown.
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MPL acquires NFT marketplace Good Game Exchange
Entrackr
·
1y ago
Medial
E-sports and online gaming platform MPL has acquired the NFT marketplace Good Game Exchange's protocol, buying out existing investor tokens. MPL made its entry into the NFT trading space earlier this year with a 20% stake in GGX protocol. The acquisition comes at a time when the overall NFT space has experienced a decline in popularity. MPL is issuing Series E preference shares to existing GGX investors as part of the deal. GGX facilitates NFT trading and supports various games and developers on its platform. MPL recently faced a legal battle with Rario and underwent layoffs due to taxation challenges. Despite this, MPL saw significant revenue growth and reduced losses in the fiscal year.
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NFT platform Recur announces shutdown amid evolving market landscape
Startup News FYI
·
2y ago
Medial
NFT platform Recur is shutting down after raising $50 million in funding. The phased closure process began on August 18, 2023, and will conclude on November 16, 2023. Users are advised on how to withdraw their assets. The NFT market's decline and unexpected challenges contributed to this decision.
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Pocket FM to invest $40 mn to expand online reading library
Livemint
·
1y ago
Medial
Pocket FM, an audio series platform, is investing $40 million in its online reading service called Pocket Novel. The platform allows writers to upload novels and receive compensation for their work. Currently focused on Hindi novels, Pocket Novel plans to expand to Tamil and Telugu. The platform offers chapters for purchase via micro-transactions. Pocket FM aims to create a community of one million writers and expand its novel library to two million titles by 2025. The company will use its expertise in marketing and monetizing intellectual properties to benefit writers on the platform.
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Brothers help micro influencers get brand deals via AI platform
Inshorts
·
3m ago
Medial
Brothers Rohit Khanna and Prince Khanna started CreatorTag after recognising the gaps in the conventional way influencer marketing is conducted. By leveraging data-driven insights and AI, the tool helps brands create smarter influencer marketing campaigns. It also helps small-scale creators bag brand deals and earn a stable income.
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