Datavault AI Partners With NFHITS to Launch Blockchain-Based Music Distribution Network
TL;DR
Datavault AI's collaboration with NFHITS creates new revenue channels through digital collectibles, offering artists and creators a competitive edge in monetization.
Datavault AI's VerifyU and ADIO technologies authenticate artists, safeguard royalties, and reduce piracy through blockchain-based authentication and automated monetization systems.
This collaboration empowers artists and creators with transparent monetization, ensuring fair compensation and reducing piracy for a more equitable entertainment industry.
Datavault AI is merging blockchain technology with creative content to create digital collectibles and objectified music assets for the Web 3.0 era.
Datavault AI Inc. (NASDAQ: DVLT), a leader in AI-driven data visualization, valuation and monetization, has announced a collaboration with NFHITS to develop a proprietary Web 3.0, minting and blockchain-based music and content distribution network. Together with monetization partner Music Dash, NFHITS aims to empower artists, filmmakers and creators by merging creativity with technology to establish transparent, automated monetization powered by Datavault AI's VerifyU and ADIO technologies.
The collaboration will authenticate artists and music rights, safeguard royalties, reduce piracy and open new revenue channels through digital collectibles and objectified music assets. This initiative offers a more secure and profitable model for the global entertainment industry by leveraging blockchain technology to create immutable records of ownership and rights. The partnership represents a significant advancement in how creative content can be protected and monetized in the digital age.
Datavault AI's technology suite provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. The company's cloud-based platform serves multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.
The Acoustic Science Division features WiSA, ADIO and Sumerian patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. More information about Datavault AI's comprehensive technology offerings is available at https://www.datavaultsite.com.
This blockchain-based distribution network could significantly impact the entertainment industry by addressing long-standing issues of royalty transparency and intellectual property protection. For artists and creators, the technology promises more direct control over their work and compensation, potentially transforming how creative content is valued and traded in digital marketplaces. The integration of digital collectibles and objectified music assets creates new economic opportunities beyond traditional streaming and sales models.
The latest news and updates relating to DVLT are available in the company's newsroom at https://ibn.fm/DVLT. This partnership between established technology companies and music industry specialists represents a convergence of expertise that could accelerate adoption of blockchain solutions across the creative sectors. As the entertainment industry continues to evolve in the digital landscape, such collaborations may set new standards for how intellectual property is managed, protected, and monetized in the Web 3.0 environment.
Curated from InvestorBrandNetwork (IBN)