Generative AI

Noir

Bitcoin ETF

Read

<div class="cryptonews"> 
 <div class="cn-block-disclaimer"> 
  <div class="cn-block-disclaimer__icon"> 
   <svg class="icon icon-info" aria-hidden="true">
    <use xlink:href="#"></use> 
   </svg> 
  </div> 
  <p class="cn-block-disclaimer__content"> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
 </div> 
 <p class="is-style-lead">Ringfence<strong>,&nbsp;</strong>the first generative AI platform to ensure creators are paid for the use of their original work within AI-generated content (AIGC), has announced the successful closing of its $1.5 million seed round.&nbsp;</p> 
 <p>The round was led by Rarestone Capital and Morningstar Ventures with participation from Spark Digital Capital, Curiosity Capital, Noir Ventures and other leading funds and angel investors.</p> 
 <figure class="wp-block-image">
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/VYqI68qcbdaaWIE9YPY02K9paIHBdt3iYatmskk1p3hPyaeIK74MCKdF95bka-UuTWnsn3vk28Ckp1lHmIHNrPtpzWnO6znInbs2_y3gZ_3lAM0PWtPf9q43iMpOi-ctwn_zp7uoVvVo5N7Na1Np0fycy5511ojqHV_cuvqcV6qXeWgfez2hRbCZd7A06Q" alt="Ringfence announces $1.5m raise to empower and reward creators - 1">
 </figure> 
 <p>Ringfence is the first platform dedicated to ensuring web3 and Generative AI work in the favor of <a rel="dofollow" title="creators" href="https://thebittimes.com/tag/creators.html">creators</a>. Currently, courts are&nbsp;struggling&nbsp;with how to apply intellectual property laws to generative AI.&nbsp;</p> 
 <p>The platform provides the infrastructure for <a rel="dofollow" title="creators" href="https://thebittimes.com/tag/creators.html">creators</a> to store and protect various media including photos, images, videos, documents, and music. Creators who want to monetize their content can verify ownership and authorize AI to use their files to create new AIGC.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CryptoQuant unveil two potential scenarios for spot Bitcoin ETFs 
 </div> 
 <p>Additionally, Ringfence allows <a rel="dofollow" title="creators" href="https://thebittimes.com/tag/creators.html">creators</a> to mint their AIGC on any EVM-compatible chain using LayerZero’s OFT standard, allowing fungible tokens to be transferred across multiple blockchains without asset wrapping, middlechains, or liquidity pools.</p> 
 <p>Ringfence Founder Whitney Gibbs said:</p> 
 <blockquote class="wp-block-quote"> 
  <p>&nbsp;“As web3 and AI integration advances, it is estimated to evolve into a trillion-dollar market opportunity that remains relatively nascent in terms of attribution and digital provenance. We believe creators should decide how and when AI uses their work, and they should always be fairly compensated when it does. Our team is compelled to solve this with a tangible, scalable, and convenient solution that will ultimately be symbiotic in the growth of AIGC.”&nbsp;</p> 
 </blockquote> 
 <p>Rarestone Capital founder Charles Read said:</p> 
 <blockquote class="wp-block-quote"> 
  <p>&nbsp;“We are excited to tackle one of the toughest challenges in the market and support the future of web3 <a rel="dofollow" title="creators" href="https://thebittimes.com/tag/creators.html">creators</a> and AI. Ringfence will be critical to ensure creative and monetary <a rel="dofollow" title="power" href="https://thebittimes.com/tag/power.html">power</a> always remains with <a rel="dofollow" title="creators" href="https://thebittimes.com/tag/creators.html">creators</a>, with the flexibility to decide how, when, and where to use their content.”</p> 
 </blockquote> 
 <p>Ringfence empowers creators with access to features such as free unlimited cloud storage, content ownership verification to establish digital provenance, and perpetual compensation anytime AI uses their content for model training.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> CFTC to focus on DeFi market to address potential risks 
 </div> 
 <p>Additionally, creators can access Ringfence’s powerful AI engines to create a variety of content mediums and use Ringfence to tokenize their art without ever leaving the platform.</p> 
 <p>Ringfence plans to release its beta in Q1 2024.&nbsp;</p> 
 <p>Creators can register for the waitlist at&nbsp;ringfence.ai.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Pantera, VanEck prepare to make investments following spot Bitcoin ETF approval 
 </div> 
 <div class="cn-block-disclaimer"> 
  <div class="cn-block-disclaimer__icon"> 
   <svg class="icon icon-info" aria-hidden="true">
    <use xlink:href="#"></use> 
   </svg> 
  </div> 
  <p class="cn-block-disclaimer__content"> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p> 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ringfence-announces-1-5m-raise-to-empower-and-reward-creators-tbt76011.html">https://thebittimes.com/ringfence-announces-1-5m-raise-to-empower-and-reward-creators-tbt76011.html</a></p>

Ringfence announces $1.5m raise to empower and reward creators

TheBitTimes

Other articles published on Jan 9, 2024

BlackRock Strategizes Workforce Reduction, Cutting 600 Jobs Globally

Microsoft’s OpenAI Investment Faces Potential EU Merger Probe

Blockchain Analysts See Big Potential in This Lesser-Known AI Crypto – Time to Buy?

Spot Bitcoin ETF: Unveiling Potential Premiums & Regulatory Woes Post Approval

Bitcoin ETF: Fears of a Crash Heightens as Market Awaits SEC Decision

Polygon Price Gives Way But Recovers Above The $0.73 Low

Join our free newsletter for daily crypto updates!