Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for…
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The new partnership between Universal Music Group and BandLab Technologies focuses on ethical AI usage to protect artist and songwriter rights. Universal Music Group (UMG) announced a new partnership with social music creation platform BandLab Technologies on Oct. 18 to promote responsible practices with artificial intelligence (AI) in the industry. The partnership focuses on the…
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Google argued in its motion to dismiss the claims that using publicly available information shared on the internet is not “stealing,” as claimed. Big Tech player Google is seeking to dismiss a proposed class-action lawsuit that claims it’s violating the privacy and property rights of millions of internet users by scraping data to train its…
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The Author’s Guild opened a lawsuit against OpenAI, alleging misuse of copyrighted material in training of its AI models. The Author’s Guild in the United States opened a class-action lawsuit against the Microsoft-backed OpenAI on Sept. 19 due to its alleged misuse of copyrighted material in the training of its artificial intelligence (AI) models. According…
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Can Ansay, founder of AI streaming and marketplace platform Musixy, says AI-generated music is revolutionary, brings efficiency and lowers costs to productions. Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has been a particular struggle…
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In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to go. During the interview with the politician, Alegre described new models of IP…
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Crypto natives and newbies alike came together to build community and share alpha on the latest in music technology and decentralization. Web3 has become one of the hottest buzzwords in the music industry, with everyone from independent musicians to major label artists dropping nonfungible token (NFT) collections and throwing concerts in the metaverse. But for…
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Building communities has become more crucial than ever in today’s rapidly changing art space, especially with the rise of NFTs. The importance of building communities cannot be underestimated in the rapidly changing art world, driven by technology and the explosion of nonfungible tokens (NFTs) in the last two years. An audience is a social media…
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NFTs were introduced to the world to help solve the illegal use of intellectual property and protect artists — the very thing Yuga Labs has been accused of doing. The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible token (NFT) collection, was allegedly illegally trademarked without proper licenses. The…
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A CC0 (Creative Commons Zero) NFT is an NFT with a copyright in which the owner permits anyone to use the NFT for commercial gain. What are the future possibilities with CC0 NFTs? The world of NFTs is in its infancy. As artists and creators explore ways to create and monetize their content, products and…
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