Following its shift into a non-fungible token (NFT) marketplace, the former peer-to-peer file-sharing software LimeWire is embracing artificial intelligence with new tools.
The project includes the introduction of a decentralized AI creator studio, which operates using the Ethereum scaling network called Polygon.
In LimeWire’s studio, users can generate AI-based images using text or existing images as input. The platform leverages familiar tools like Stable Diffusion and DALL-E.
Later this year, the studio will expand to support audio and video creation. Users can enhance their tracks with specific sounds or instruments, similar to the sample packs used by music producers. Additionally, they can compose an entire song from scratch, complete with AI-generated lyrics, music, and vocals.
Anything created in the LimeWire AI studio will automatically become an NFT on the Polygon blockchain, with earnings for creators managed through an automated system.
Artists will also receive a share of the profits when other creators use their work, whether it’s an image for an album cover, a remixed song, or a drum loop.
Every AI-generated creation will be priced in “credits,” with ten credits initially provided for free. Additionally, there will be four paid subscription plans offering more creations and enhanced features.
In March 2022, Austrian siblings Julian and Paul Zehetmayr made headlines by reintroducing LimeWire as an NFT marketplace. In May 2022, LimeWire secured a significant deal with Universal Music Group (UMG) to expand the availability of digital music collectibles to a wider audience. Furthermore, in May 2023, the LMWR token sale came to a successful close, raising a remarkable total of nearly $18 million.
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