Last night, BingX hosted an insightful AMA featuring Ray Yu (CMO of Fireverse), William Yang (COO of Fireverse), and Vivien Lin (CPO of BingX & Head of BingX Labs). The discussion centered around how Web3 and AI are transforming the music industry, giving artists more control, and creating new opportunities for listeners.
The speakers kicked off by highlighting Web3’s game-changing potential in music, emphasizing decentralization, fair revenue distribution, and enhanced artist autonomy. Fireverse’s AI-powered tools were also a key focus, showcasing how they enable music creation, remixing, and collaboration in unprecedented ways. The team explained their approach to protecting artists’ rights through blockchain-based ownership and smart contracts, ensuring transparency and fair compensation.
Challenges in the current music industry, such as streaming revenue inefficiencies and lack of creative control, were also discussed. Fireverse aims to eliminate middlemen, empower independent artists, and foster a more direct relationship between creators and fans. The AMA wrapped up with a look into the future, where the speakers predicted a rapidly growing Web3 music ecosystem, increased AI adoption, and a more artist-driven industry over the next five years.
The session was an exciting deep dive into the future of music, leaving the audience with a strong sense of how Fireverse is shaping the next era of music innovation. As Web3 and AI continue to evolve, the speakers emphasized that now is the perfect time for artists and industry players to explore these new technologies. With growing adoption, the boundaries between artists and audiences will continue to blur, leading to a more interactive and rewarding music ecosystem for everyone involved.
