Photo Credit: BingXLabs
BingX Labs, the innovation arm of cryptocurrency exchange BingX, has announced a strategic investment of $100,000 in Fireverse. Fireverse is an AI-driven and blockchain-powered music creation platform.
The collaboration aims to accelerate the growth of the web3 ecosystem by revolutionizing the music industry through cutting-edge AI and blockchain solutions. By equipping artists and enthusiasts with transformative tools for music generation, monetization, and distribution, the partnership seeks to redefine creative ownership and foster decentralized collaboration.
Fireverse is a next-generation web3 music platform that leverages AI and blockchain to transform music creation, marketing, and monetization. It enables both professionals and amateurs to produce high-quality music effortlessly with AI-powered composition tools, gamified experiences, and blockchain-backed copyright protection. Through cooperation with Nobody, Fireverse obtained the intellectual property rights of classic films by Stephen Chow to create music NFTs.
Users can generate music with one-click AI processing, participate in global competitions, and monetize their work while maintaining full ownership and security. The decentralized model ensures artist control and content integrity, allowing independent publishing and promotion. BingX Labs says it is committed to supporting Fireverse’s growth through this strategic funding initiative. It will also support Fireverse with hands-on collaboration aimed at strengthening its web3 infrastructure, smart contract functionalities, and NFT-based monetization models.
The funding will be primary directed towards enhancing Fireverse’s infrastructure, ensuring its long-term scalability and success. Joint initiatives such as BingX Learn to Earn will be launched in the upcoming months, featuring gamified incentives and prize pools to engage users and promote the platform.
“Fireverse represents an exciting convergence of AI, music, and web3 technology,” says Vivien Lin, Head of BingX Labs. “At BingX Labs, we are not only bringing substantial fundings to Fireverse but also offering our extensive industry resources and views, driving the expansion of Fireverse’s presence within the blockchain and crypto ecosystem. Our goal is to empower creators across various sectors, and with Fireverse, we aim to make music production more accessible an decentralized.”
By supporting projects like Fireverse, BingX Labs continues to bridge the gap between blockchain technology and real-world applications, driving adoption across various industries. As Fireverse advances its AI-powered platform and expands its ecosystem, its collaboration with BingX Labs will play a pivotal role in shaping the next generation of digital music creation and distribution.
BingX is a cryptocurrency exchange launched in 2018 and serving over 10 million users worldwide. It’s worth noting that BingX’s services are restricted in countries like the United States, Canada, the United Kingdom, China, Hong Kong, the Netherlands, and Singapore due to regulations.