BingX Labs, the innovation division of cryptocurrency exchange BingX, has invested $100,000 in Fireverse, an AI-driven blockchain music creation platform.

Fireverse combines AI and blockchain technology to revolutionize music creation, marketing, and monetization. The platform enables both professional and amateur musicians to:

• Generate high-quality music using AI-powered tools
• Participate in global competitions
• Monetize their work while maintaining full ownership
• Protect their copyrights through blockchain technology

The platform has secured intellectual property rights from classic Stephen Chow films for music NFT creation through a partnership with Nobody.

The $100,000 investment will focus on:

• Enhancing infrastructure scalability
• Strengthening web3 capabilities
• Improving smart contract functionality
• Developing NFT-based monetization models

BingX Labs will also launch joint initiatives like "BingX Learn to Earn," featuring gamified incentives and prize pools to drive user engagement.

According to Vivien Lin, Head of BingX Labs: "Fireverse represents an exciting convergence of AI, music, and web3 technology. We're providing both funding and industry resources to expand Fireverse's presence within the blockchain ecosystem."

BingX, established in 2018, serves over 10 million users globally, though services are restricted in several countries including the United States, Canada, United Kingdom, China, Hong Kong, the Netherlands, and Singapore due to regulatory requirements.

This strategic partnership aims to bridge the gap between blockchain technology and real-world applications while making music production more accessible and decentralized.

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