Crypto News
Hear the Exciting Unreleased David Bowie Recording as a Music NFT – Decrypt

In his lifetime, David Bowie—widely considered one of the most influential musicians of the 20th century—produced a prodigious catalog of 27 studio albums, 11 live albums, 4 soundtracks, and 128 singles. But it appears that the singer-songwriter, who passed away in 2016, still has one song left to sing. On Thursday, Gala Music, an offshoot of Web3 startup Gala Games, announced a partnership with music producer Larry Dvoskin and publisher Warner-Chappell Music to release a never-before-heard version of Bowie’s hit 1983 song “Let’s Dance” via a limited series of NFTs. On April 14th, 40 years to the day after “Let’s Dance” originally debuted, Gala Music will release 3,003 NFTs, each featuring a piece of Bowie-inspired artwork, that will unlock the holder access to the unheard version of “Let’s Dance” that Dvoskin produced with Bowie in 2002. The NFTs will be sold on a pay-what-you-wish model; all initial proceeds from the sale will benefit MusiCares, a charity that provides health and human services to the music community.
Dvoskin described the track in a statement as a “more dreamy, electronic” version of the smash song, which remains one of Bowie’s most popular tracks ever released. The music producer and songwriter has long wished for the song’s revamp to see the light of day. With the 40th anniversary of the release of “Let’s Dance” approaching, Dvoskin turned to Bowie’s estate to attempt to convince it to release the song via NFTs.
Next week’s release will not, however, mark the Bowie Estate’s first foray onto the blockchain. In September, Bowie’s estate launched a series of NFTs in partnership with marketplace OpenSea titled “Bowie on the Blockchain.” That collection, which was also sold to raise money for charity, received substantial backlash from Bowie fans who derided the blockchain experiment as inconsistent with the late artist’s ethos and values.
Bowie’s entire music catalog is currently owned by Warner Chappell Music, a subsidiary of Warner Music Group, which purchased the collection early last year for upwards of $250 million. In November 2022, the music label announced a deal with Web3 entertainment incubator Defient to “unlock the power of Web3 for songwriters.” Dvoskin’s deal with the label is described as Warner Chappell Music’s “first completely native NFT agreement” for a song that had never been released through physical or digital formats.
Gala Games is best known for its titular Web3 gaming efforts, but has also made inroads into music and film as it explores other entertainment use cases for NFTs and tokens. The startup faced some scrutiny earlier this year when it tweeted about upcoming film projects with actors Dwayne “The Rock” Johnson and Mark Wahlberg—an announcement that appears to have boosted its native token GALA some 115%—only to later delete the tweet and call it a “bit overzealous.” Gala clarified that both actors’ respective production companies are co-producing documentary film projects unrelated to their own lives or careers.
David Bowie’s estate is partnering with music producer Larry Dvoskin and Warner-Chappell Music to release an unreleased version of Bowie’s hit 1983 song “Let’s Dance” through a limited series of NFTs. All proceeds from the sale of the NFTs will benefit MusiCares, a charity that provides health and human services to the music community. This is not the first foray into the blockchain for Bowie’s estate, which launched a series of NFTs in September in partnership with marketplace OpenSea. In November 2022, Warner Chappell Music, which owns Bowie’s entire music catalog, announced a deal with Web3 entertainment incubator Defient to “unlock the power of Web3 for songwriters.”
This is good news for David Bowie fans, as the NFTs will be sold on a pay-what-you-wish model to benefit charity and unlock access to a never-heard-before version of “Let’s Dance” that Bowie produced in 2002. It is also good news for the music industry, as Warner Chappell Music’s deal with Defient is the label’s first completely native NFT agreement.
#DavidBowie #Let’sDance #NFTs #GalaGames
You can read more about this topic here: Decrypt: Unreleased David Bowie Recording to Debut as Music NFT
The post Hear the Exciting Unreleased David Bowie Recording as a Music NFT – Decrypt first appeared on Byte Syze Crypto.
Crypto News
Navigating the Murky Waters of Crypto and Compliance: Insights from NY’s Watchdog

Have you ever pondered the enigma of crypto’s allure and its darker undertones? Adrienne Harris, the Superintendent of the New York Department of Financial Services (NYDFS), recently shed light on this very topic at the Financial Times Crypto Winter Summit. Her perspective offers a fresh look into the industry’s pressing challenges for both newcomers and seasoned enthusiasts.
Harris conveyed a stark message about crypto’s anonymity feature, which she believes creates a ripe landscape for illicit activities. Unlike traditional cash exchanges requiring physical presence, crypto transactions can occur without such constraints, despite their traceability. Regulatory minds at both state and federal levels have been grappling with these concerns, particularly in light of high-profile cases involving Binance and the Department of Justice.
When it comes to ‘socializing’ crypto firms to the regulatory framework, Harris sees a need for a ‘tone reset.’ Traditional financial entities are versed in regulatory compliance, but many crypto firms are playing catch-up, often with their business growth outpacing their compliance mechanisms. This has led to enforcement actions by NYDFS, including hefty fines for giants like Coinbase and Robinhood, primarily for infractions related to illicit finance and cybersecurity.
Harris stresses the importance of crypto firms investing in proper compliance resources. Despite the industry’s high-tech facade, investigations reveal an unexpected reliance on paper, indicating a maturity gap in the operational practices of crypto firms aspiring to be legitimate players in the financial services ecosystem.
This dialogue raises essential questions for the crypto industry, especially regarding its impact on the broader financial ecosystem. It serves as a reminder that innovation must walk hand-in-hand with responsibility and transparency.
#CryptoRegulation #Compliance #FinancialCrime #Cybersecurity
The post Navigating the Murky Waters of Crypto and Compliance: Insights from NY’s Watchdog first appeared on Byte Syze Crypto.
Crypto News
Next-Gen Storyboarding: How Lore Machine’s AI Merges with Hollywood Creativity

Imagine a world where the boundary between human creativity and artificial intelligence becomes just a gentle blur. That’s the unfolding reality in Tinseltown, where a new AI-driven platform, Lore Machine, is set to revolutionise the art of storytelling.
Founded by Thobey Campion, a name synonymous with multimedia innovation, Lore Machine is a generative AI tool designed to help screenwriters, directors, and producers bring their written visions to life. It’s a digital alchemist that transforms scripts into stunning visuals, aiming to bridge the gap between the written word and cinematic representation.
The potential of Lore Machine lies not only in its ability to create storyboards and comic books but also in its future capability to produce motion graphics. With a waitlist already 25,000 strong, the platform is expected to launch in 2024, signalling a growing interest in multimedia generation at story scale.
What’s particularly captivating is the platform’s versatility. Whether you’re crafting a fantasy epic or a cyberpunk thriller, Lore Machine promises to cater to a range of artistic preferences. Campion’s vision extends beyond the silver screen, as even the gaming industry and corporate sectors are showing keen interest.
But it’s not all about the glitz and glamour; there’s a conscientious edge to Lore Machine. Amidst the rising tensions surrounding AI and copyright infringement, the platform stands firm on ethical use and ensuring originality. It’s a nod to the creative community that their rights will be respected in this new digital epoch.
The journey of Lore Machine is akin to the voyage of Moog’s synthesizer, with the potential to redefine our creative processes. It’s a beacon of empowerment for storytellers, one that offers a promising future where technology amplifies rather than stifles human creativity.
#LoreMachine #AIinHollywood #CreativeTech #StorytellingInnovation
The post Next-Gen Storyboarding: How Lore Machine’s AI Merges with Hollywood Creativity first appeared on Byte Syze Crypto.
Crypto News
Bringing Photos to Life: Alibaba’s AI Unveils the Magic of Animation

Remember the days when creating animations required expert skills and sophisticated software? Times have changed. Now, even those with minimal tech savvy can breathe life into still images, thanks to advanced AI.
Alibaba’s AI research team has unveiled ‘Animate Anyone’, an AI model that claims to transform any photo into a fluid, animated video with ease. This intriguing innovation promises to revolutionize content creation for influencers and the tech-curious alike, by offering the ability to generate personalized, AI-crafted apparel and videos.
Despite the buzz, ‘Animate Anyone’ isn’t the only player in the game. Enter ‘MagicAnimate’, a similar AI model with a knack for smooth transitions and detail retention in video animations. Each of these tools offers a glimpse into a future where AI bridges the gap between static images and dynamic video content.
While we await public access to these cutting-edge technologies, the potential implications for the crypto industry cannot be ignored. As the line between reality and AI blurs, the authenticity of digital content becomes ever more critical—a challenge and opportunity for blockchain’s promise of verifiable truth.
In summary, whether you’re an influencer looking to spice up your content, or simply a tech enthusiast mesmerized by the magic of animation, the world of AI is bringing some exciting developments to the table. Keep your eyes peeled for more updates, as the dance of technology continues to evolve.
#AIAnimation #TechInnovation #ContentCreation #CryptoAuthenticity
The post Bringing Photos to Life: Alibaba’s AI Unveils the Magic of Animation first appeared on Byte Syze Crypto.
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