Bloter held a 'Tech Webinar' through the online education platform 'ClassB,' focusing on monthly issues in the Information and Communications Technology (ICT)…
Bloter held a 'Tech Webinar' through the online education platform 'ClassB,' focusing on monthly issues in the Information and Communications Technology (ICT) industry.
The October topic is about 'How to make money with the metaverse.'
Rio Jang, CEO of Emotionwave, cited music composition and distribution using AI musician avatars, as well as virtual concert hosting and management service provision, as major monetization strategies in the metaverse market.
Emotionwave is a company specialized in the convergence of music and IT. It possesses technologies such as AI composition, automatic instrument performance systems, and 3D realistic avatar creation technology for integrating into online and offline metaverses. Based on this, it has developed the AI music platform 'RIMA AI' and the musician producing platform 'AIMPLE', proposing monetization methods through 'AI musicians crossing between reality and virtuality.'
![[Bloter] AI Musician Avatar Crossing On and Off... Emotionwave's Metaverse Revenue Strategy — image 1](https://emotionwave.com/wp-content/uploads/sites/4/2021/10/1.png)
The created digital sound sources are distributed online and offline under the name of a user avatar created through AIMPLE. The avatars can be created in various ways, similar to or entirely different from the user, and they act as musicians for the user in virtual spaces. Since it can be combined with an automatic instrument performance system, it is also possible to hold concerts not only in virtual spaces but also in actual real-world spaces.
![[Bloter] AI Musician Avatar Crossing On and Off... Emotionwave's Metaverse Revenue Strategy — image 2](https://emotionwave.com/wp-content/uploads/sites/4/2021/10/2.png)
Emotionwave has automated artist contracts, music and concert settlements, and copyright/performance/YouTube ad revenue distribution through AIMPLE. Furthermore, it plans to generate revenue by positioning itself as an entertainment agency that handles avatar creation, music production, and marketing. Additionally, avatars and music can be linked with blockchain-based NFT (Non-Fungible Token) technology for ownership transactions, and profit sharing based on NFT holdings is also possible.
![[Bloter] AI Musician Avatar Crossing On and Off... Emotionwave's Metaverse Revenue Strategy — image 3](https://emotionwave.com/wp-content/uploads/sites/4/2021/10/3.png)
When asked about "the difference between metaverse creators and existing YouTube creators," CEO Jang replied that "the biggest difference lies in the way one reveals oneself." He explained that on metaverse platforms, users can utilize more diverse virtual spaces and characters than on existing platforms, allowing them to unfold more content and stories. CEO Jang added, "Accordingly, those skilled in designing or creating/utilizing digital assets will have a relative advantage in the metaverse world."
When asked about 'educational prospects in the metaverse environment,' he explained that "education also seems likely to gain differentiation from existing offline education in terms of spatial diversity by utilizing the metaverse," but added that "this requires the active utilization efforts of teachers and instructors who must use it." He also anticipated that establishing a support system to help metaverse educators easily adapt to and increase usability on the platform would be important.
Original article : https://www.bloter.net/newsView/blt202110200027
The October topic is about 'How to make money with the metaverse.'
Rio Jang, CEO of Emotionwave, cited music composition and distribution using AI musician avatars, as well as virtual concert hosting and management service provision, as major monetization strategies in the metaverse market.
Emotionwave is a company specialized in the convergence of music and IT. It possesses technologies such as AI composition, automatic instrument performance systems, and 3D realistic avatar creation technology for integrating into online and offline metaverses. Based on this, it has developed the AI music platform 'RIMA AI' and the musician producing platform 'AIMPLE', proposing monetization methods through 'AI musicians crossing between reality and virtuality.'
Rio Jang, CEO of Emotionwave (Photo = Bloter ClassB Tech Webinar Summary)
CEO Jang explained that "RIMA AI is a concert system that allows many people to enjoy musical content based on the most human-like performance and creation techniques." By utilizing RIMA AI, even without knowledge of composition, AI can directly create music tailored to user requirements, which can then be recorded using an automatic instrument performance system capable of performing like a real human and released as a digital sound source.The created digital sound sources are distributed online and offline under the name of a user avatar created through AIMPLE. The avatars can be created in various ways, similar to or entirely different from the user, and they act as musicians for the user in virtual spaces. Since it can be combined with an automatic instrument performance system, it is also possible to hold concerts not only in virtual spaces but also in actual real-world spaces.
Emotionwave's Metaverse Business Strategy (Data = Provided by Emotionwave)
Regarding this, CEO Jang stated, "I believe that the metaverse is not limited to digital aspects, but includes convergence with reality," adding that "if we remain only in the digital realm, each world will exist in a closed manner." This applies to major domestic metaverse platforms like Zepeto or Ifland.Emotionwave has automated artist contracts, music and concert settlements, and copyright/performance/YouTube ad revenue distribution through AIMPLE. Furthermore, it plans to generate revenue by positioning itself as an entertainment agency that handles avatar creation, music production, and marketing. Additionally, avatars and music can be linked with blockchain-based NFT (Non-Fungible Token) technology for ownership transactions, and profit sharing based on NFT holdings is also possible.
AI Pianist 'Hanul' (Data = Provided by Emotionwave)
Emotionwave is currently experimenting with a metaverse world connected to reality and virtuality through its self-produced AI humans: Hanul (pianist), ROA (jazz artist), and Shift66 (DJ). In the case of Hanul, there are already sound sources (Green Spirits, Sweet Serenade) released and distributed as actual digital singles, and it held an offline debut performance at the Grand Hyatt Hotel in May of this year. Moreover, it is planning a metaverse education platform using AI humans.When asked about "the difference between metaverse creators and existing YouTube creators," CEO Jang replied that "the biggest difference lies in the way one reveals oneself." He explained that on metaverse platforms, users can utilize more diverse virtual spaces and characters than on existing platforms, allowing them to unfold more content and stories. CEO Jang added, "Accordingly, those skilled in designing or creating/utilizing digital assets will have a relative advantage in the metaverse world."
When asked about 'educational prospects in the metaverse environment,' he explained that "education also seems likely to gain differentiation from existing offline education in terms of spatial diversity by utilizing the metaverse," but added that "this requires the active utilization efforts of teachers and instructors who must use it." He also anticipated that establishing a support system to help metaverse educators easily adapt to and increase usability on the platform would be important.
Original article : https://www.bloter.net/newsView/blt202110200027