Ringfence, the first generative AI platform to ensure creators are paid for the use of their original work within AI-generated content (AIGC), has announced the successful closing of its $1.5 million seed round. The round was led by Rarestone Capital and Morningstar Ventures with participation from Spark Digital Capital, Curiosity Capital, Noir Ventures and other leading funds and angel investors.
Ringfence is the first platform dedicated to ensuring Web3 and Generative AI work in the favor of creators. Currently, courts are struggling with how to apply intellectual property laws to generative AI. Ringfence provides the infrastructure for creators to store and protect various 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 AIGC. Additionally, Ringfence allows creators to mint their AIGC on any EVM-compatible chain using LayerZero’s OFT standard, allowing fu
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