- Crowd Media (CM8) signs two separate heads of agreements (HOA) with SourceFlare and Impssbl for the use of its artificial intelligence (AI) Talking Head platform
- Under the SourceFlare deal, Crowd Media will integrate its tech into SourceFlare’s marketing platform to optimise customer acquisition funnels and lead generation
- Meanwhile, Crowd Media will work with Impssbl to convert its AI-generated Talking Head digital avatars into a series of non-fungible tokens (NFTs)
- SourceFlare will pay a monthly fee to Crowd Media for the use of its tech, while any profits from the NFT series will be split 70/30 between Impssbl and Crowd Media, respectively
- CM8 shares are down 2.94 per cent to 3.3 cents at 12:22 pm AEST
Crowd Media (CM8) has signed two separate commercial agreements for its artificial intelligence (AI) Talking Head platform to be integrated into the media search sector and NFT marketplace.
The Talking Head platform was developed in 2019 and can create computer-generated digital avatars capable of having real-time conversations with humans powered by CM8’s AI tech.
Under Crowd Media’s early-stage business agreement with SourceFlare, the company will integrate this tech into SourceFlare’s marketing platform to optimise customer acquisition funnels and lead generation.
Crowd Media will develop a proof of concept (POC) for SourceFlare over the next three months before entering a ‘scale up’ phase for the technology delivery.
In return, SourceFlare will waive licensing fees for access to its platform and pay a monthly fee of US$5000 (A$7157) per month to Crowd Media.
Meanwhile, under CM8’s HOA with Impssbl Corporation, the companies will integrate the Talking Head tech as a series of interactive non-fungible tokens (NFTs) into the NFT marketplace.
The two companies will take on the NFT project in three phases focussing first on technical integration before commercialising the tech.
The first phase is anticipated to be completed before the end of the first quarter of FY23.
The two companies will share any profits generated from the NFT series, with Impssbl to be allocated 70 per cent and Crowd Media to be allocated 30 per cent, after expenses for technology development and marketing spending are recouped.
CM8 shares were down 2.94 per cent to 3.3 cents at 12:22 pm AEST.