'LOVO raises $6.5 Million in Pre-Series A to Develop the Voice of the Web3 Ecosystem' web3 blockchain
, a synthetic voice company, has raised an additional $2 million in its pre-Series A round, raising the total amount to $6.5 million.
The LOVO concept, which the company pioneered, now enables voice performers to receive a significantly larger share of the earnings earned by their labour. Previously, voice actors were paid fixed rates for their job and did not earn any further compensation if the material they created generated billions of dollars in income.
In the future, LOVO wants to collaborate with crypto games and Metaverse worlds to allow users to create their virtual identities using Voice NFTs and mint new Voice NFT collections featuring well-known celebrity voices.LOVO, Inc. is a next-generation synthetic speech platform for use in education, marketing, entertainment, and the creation of audio material in general. A group of U.C. Berkeley AI and machine learning scientists started the startup.
The LOVO concept, which the company pioneered, now enables voice performers to receive a significantly larger share of the earnings earned by their labour. Previously, voice actors were paid fixed rates for their job and did not earn any further compensation if the material they created generated billions of dollars in income.
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