Business News Report
September 20, 2023

LimeWire Acquires AI Image Generation Platform BlueWillow

NFT marketplace LimeWire has announced the acquisition of BlueWillow, an AI image generation platform that boasts more than 2.3 million engaged users. BlueWillow, which competes with Midjourney and Stable Diffusion, has played an important role in generating 500 million images within one year.

This acquisition coincides with LimeWire’s launch of LimeWire AI Studio, a platform that empowers creators to generate images, retain ownership rights, and earn revenue from their creations. Paul and Julian Zehetmayr, LimeWire’s Co-CEOs, expressed their excitement about the merger, stating that it reinforces LimeWire’s commitment to the artist and creator community.

LimeWire will integrate BlueWillow’s proprietary AI model for text-to-image and image-to-image generation with its AI Studio and creator platform. The objective is clear: to provide advanced AI tools to all creators, regardless of technical expertise, and unleash their creative potential.

LimeWire’s AI Studio distinguishes itself by allowing creators to retain ownership of the images they generate, setting it apart from competitors that lack ownership rights. Moreover, LimeWire’s platform simplifies the creation process, making it accessible to a broader audience beyond technically proficient users.

Furthermore, this acquisition will create a community where AI image creators can make money through ad revenue. Users will have access to AI tools to create, share, and profit from their content, ushering in a new era of AI-driven creativity.

Creators will receive 50% of ad revenue from their content, with the potential to earn up to 70% depending on their status within the community. Subscribers to creators will also benefit, receiving 10% of ad revenue and an extra 10% if they share the content on social media.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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