Monetizing the AI/digital content
Smart contracts, automated agreements stored on the blockchain, can streamline licensing processes for generative AI-generated works. These self-executing contracts can automate royalty distributions, ensuring that creators receive fair compensation whenever their work is used.
The process is similar to the NFT royalties: For example, if an AI-generated piece of art is sold via a digital marketplace, a contract can be programmed to automatically allocate a percentage of the sale to the original creator, maintaining transparency and efficiency in transactions.
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