Kinto, the modular exchange, has joined forces with Suede AI, a disruptive platform where artificial intelligence and blockchain are combined to revolutionize the music industry.
This partnership will facilitate the creation, release, and revenue generation within the music industry, ushering in a new era of community involvement and transparency.
Kinto x Suede: Partnership Details
Kinto and Suede AI have designed a partnership in which Kinto will add the Suede AI patented music creation and royalty engine to its Layer 2 exchange infrastructure. Suede AI creates artistic music using machine learning models and then tokenizes the original compositions on the blockchain.
The source of each track is put in a transparent ledger, and this means that creators and fans can confirm authenticity and ownership without using any third party.
Music based on AI Creation
The key idea of Suede AI is that the company can produce high-quality music using artificial intelligence. The platform can generate melodies, harmonies, and beats based on user inputs by training on large libraries of musical patterns.
Musicians will have access to an easily understandable interface where they can instruct the AI to produce genres as wide as the lyrics of electronic music to orchestral music. When completed, works are then minted to NFTs, which form a record of authorship and give the likes an ownership cut in subsequent royalties.
Real-Time Royalties
In addition to the composition, the Suede AI offers a royalty engine in real-time, facilitated through smart contracts. Due to tokens, whenever a tokenized track is streamed, purchased, or remixed, the payments are made in real-time to rights owners based on a defined split.
It removes the lag and obscurity of the classic royalty transaction method and instead lets creators get their payments instantly. So far, Suede AI has sent more than a million dollars to artists on the Solana, Base, and LayerZero chains.
Kinto Integration and Next Steps
Kinto modular exchange provides low costs, high-throughput trading, and elastic liquidity pools of music tokens. The fans can buy fractional ownership of the tracks, stake their tokens to support upcoming artists, and vote in the governance proposals.
Kinto and Suede AI will partner with a series of events and workshops where no prior knowledge is required and artists can learn how to utilize AI composition tools, deploy smart contracts, and grow a community—a sequence of events and workshops that will be collectively known as a Create 2 Earn.
The first users will be invited to receive promotional income and get exclusive access to music drops.
Removing any problems in the music business, both Kinto and Suede AI will achieve their goal by interconnecting their platforms as a scalable trading infrastructure and a transparent, AI-powered music ecosystem to create a digital music environment that relies on fairness and innovation through community involvement.
