Ringfence announces $1.5 million to empower and reward creators

ring fence, The first generative AI platform that ensures creators are compensated for the use of their original work in Artificial Intelligence Generated Content (AIGC) has announced the successful completion of a $1.5 million seed round.

This round of financing was led by Rarestone Capital and Morningstar Ventures, with participation from leading funds and angel investors such as Spark Digital Capital, Curiosity Capital, and Noir Ventures.

Ringfence is the first platform dedicated to ensuring web3 and generative AI benefit creators.Currently, the court is struggle and how intellectual property law can be applied to generate artificial intelligence.

The platform provides creators with the infrastructure to store and protect a variety of 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 AIGCs.

Additionally, Ringfence allows creators to mint AIGC on any EVM-compatible chain using LayerZero’s OFT standard, allowing fungible tokens to be transferred between multiple blockchains without the need for asset wrappers, mid-chains, or liquidity pools.

Ringfence founder Whitney Gibbs said:

“As web3 and AI integration advance, it’s expected to evolve into a multi-trillion dollar market opportunity, but it’s still relatively nascent when it comes to attribution and digital provenance. We believe creators should dictate how and where AI When their work is used, they should always be fairly compensated when it is used. Our team must solve this problem with a practical, scalable and convenient solution that will ultimately be symbiotic with the growth of AIGC.”

Charles Read, founder of Rarestone Capital, said:

“We’re excited to tackle one of the toughest challenges in the market and support web3 creators and the future of artificial intelligence. Ringfence is critical to ensuring creators always have creative and monetary power, and the flexibility to decide how and where when and where its content is used.”

Ringfence gives creators access to features like free unlimited cloud storage, content ownership verification to establish digital provenance, and permanent compensation when AI uses their content to train models.

In addition, creators can access Ringfence’s powerful artificial intelligence engine to create a variety of content media and use Ringfence to mark their art without leaving the platform.

Ringfence plans to release a beta version in the first quarter of 2024.

Creators can sign up for the waitlist at: ring fence.

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