Alethea AI, a decentralized synthetic media marketplace that lets anyone create and monetize AI-generated media, has officially launched a new revenue model leveraging Decentralized Finance (DeFi) for content creators on March 30. Alethea AI’s users can now leverage a new smart contracts revenue model to support their favorite synthetic AI-generated memes creators.
A new deepfake video with Vitalik Buterin was also released today as a result of the first MemePool, according to the announcement.
Users staking Dai can generate interest through the Compound.Finance protocol. This revenue can then be used to support the creation of synthetic memes. At the same time, users do not have to trust any third party and can unstake their DAI in a permissionless manner.
Users in return are rewarded with ALE tokens and have a chance to vote on new AI-generated memes. Holders of the ALE token can commission the creation of synthetic memes directly.
Tech startup @real_alethea has merged tenants of crypto’s #DeFi movement with its artificial intelligent-based media platform. Content creators can now earn the stablecoin $DAI for generating funny, entertaining memes. https://t.co/24vVXQjkdL — Crypto Briefing (@crypto_briefing) March 30, 2020
Arif Khan, the CEO, and co-founder of Alethea AI added that:
“Being able to create a new source of income for the meme creators on our platform, while ensuring that our users do not incur a loss, makes us really excited to see how the overall crypto industry will respond to this new no-loss way of sponsoring content and whether other content creators will adopt this methodology.”
Alethea AI aims to allow other individuals and organizations to launch their own meme creator profiles on Alethea AI’s platform so that they can benefit from Meme Pools and leverage existing AI technologies.
Alethea AI will also be partnering with other stablecoin projects to integrate more stablecoins in the near future.