Guild, a platform aimed at returning rights to artists, launches its public beta with $2 million in funding. It offers musicians a chance to participate in the profits from their work.
Launch of Guild Platform
Guild is designed to provide artists with ownership of their works and share in their success. In a landscape where tech companies are developing AI models for music while labels protect their interests, creators are often left out. Guild's founder, Phillip Rather, emphasized that the traditional model no longer meets the needs of artists.
Creator Tools
Guild combines various tools essential for creators, including:
* Smart Contracts for rights protection and royalty distribution. * AI Agents to assist in ideation, design, and analysis. * Immersive Spaces for creating unique content and community. * Remuneration for those contributing to AI training and adding data.
Token Model and Future Prospects
Guild introduces a dual-token model:
* "Note" Tokens - tokens earned through platform use, intended for rewards and commerce. * Access Passes - unique tokens granting lifetime access to tools and exclusive events.
This model aims to give artists control over their works, avoiding a trend-dependent economy.
The launch of Guild marks an important shift in the reward model for artists. The platform aims to give artists control over their works and create new opportunities for their participation in the creator economy.
