Ringfence, the first generative AI platform to ensure creators are paid for using their original work within AI-generated content (AIGC), has recently closed its $1.5M seed round. The round was led by Rarestone Capital and Morningstar Ventures, with participation from Spark Digital Capital, Curiosity Capital, Noir Ventures, and other funds and angel investors.
Currently, there is a lack of creative, legal, ethical, and financial control over AI-generated art, resulting in over 5BN images being used without consent from its creators. Tackling this issue head-on, Ringfence aims to enable users to utilize generative AI, while still crediting creators’ control over their work.
In Q1 of this year, the team aims to launch its beta. Creators can register for the waitlist: ringfence.ai
To stay updated on all future initiatives and launches, follow Ringfence on X (Twitter): twitter.com/RingfenceAI
About Ringfence
Ringfence is the first generative AI platform to ensure Creators are paid every time their original artwork is used to create AI-generated content (AIGC). The platform enables Creators to store photos, images, videos, documents and music, protecting all of their content from unwanted use by AI. If a Ringfence Creator decides they would like to monetize their content, they can easily verify ownership and authorize AI to use their files to create new AIGC. Ringfence also allows creators to mint their AIGC content on any chain, through the LayerZero protocol.
