DigiTrax Entertainment Launches DigiTrax Labs
DigiTrax Entertainment, based in Knoxville, Tennessee, develops AI technology for music, creating apps, software, and audio/video content for the $51.5B music industry.
Founded in 2017 through a series of synergistic acquisitions, the Company’s mission is to harmonize emerging technologies with creative workflows to empower artists, musicians, and creators. The Company offers product offerings for individuals and businesses.
DigiTrax’s Core Technology
DigiTrax utilizes its interactive streaming media platform to distribute high-quality digital music from its proprietary music catalog and AI-created music. The Company creates and distributes interactive music products to apps, games, TV, film, music video, and animation markets globally via its streaming platform.
The Company’s enterprise solutions include custom applications, workflows, and tools for enterprise partners, including intelligent music, audio and AI software solutions. Enterprises can design intelligent music algorithms for business goals; develop, implement, and maintain intelligent music apps; create bespoke music and AI solutions; use music AI strategy in music education services, and create generative music and audio services (real-time music for video games) using DigiTrax’s AI platform.
The Company’s Beta of its new product the Counterpoint Calculator is currently open for sign up’s and open for Beta users across various job categories including Songwriter/Composers, Music Producers, Sound Engineers, and Music Educators across individuals and enterprise. The calculator is a plug-in that is AI-based for Digital Audio Workstation (DAW) desktop tools and mobile smartphone apps that can serve as a supplement to the Music Builder platform.
DigiTrax’s MUZK Token
DigiTrax has launched MUZK Coin an ERC20 smart-contract token with various use cases based on its Artificial Intelligence-driven, music theory-based platform. The Company’s portfolio of products will soon incorporate the MUZK token. The Builder revolutionizes the way people learn, create and analyze music. The Music Builder is similar to a CGI for music. Based on seven patent-protected algorithms and trained on the universal rules of music theory, The Music Builder is an extensible music AI and machine learning framework at the core of the DigiTrax platform.
The company’s token MUZK is currently listed TKEX exchange at $0.267 (0.00109 ETH) and will be covered on major advertising platforms soon according to YouTube channel CashWithBob. MUZK was listed on the TKEX exchange around August 2019 as an ERC20 token and approached 10K trades in the first month. With bold buyers making large moves via the Exchangr Marketplace, MUZK is also showing activity in the CASHR as over 37,000+ MUZK Tokens have been sold via CASHR marketplace on TKEX.
DigiTrax’s Launch of DigiTrax Labs And Open Call For Partnerships
The company has recently launched DigiTrax Labs which the Company is using to build a consortium network of industrial and cultural partners – from global media companies to local arts organizations and institutions – to develop new technologies, formats, and systems leveraging AI technologies and drive the development of emerging media categories. The Lab promotes “New Business Models”, “Partnerships”, “Areas of Innovation”, and “Emerging Media Categories”.
The products that partnerships should be beneficial to users of the Music Builder, a Music AI engine and users of the Music Fact Reports an AI-driven comparative copyright analysis tool designed for copyright law. The Company will look to further use partnerships to augment the value proposition to users for Karaoke Cloud Pro, the first end-to-end Karaoke SaaS for home and commercial use.
Karaoke Cloud Pro introduced the world’s first social media SaaS for user-generated content utilizing Karaoke in a complete turnkey system. The Company sealed major partnerships with Music Choice, Ameritone, and others.
DigiTrax will seek to partner with companies that will augment the value of its growing catalog of 15,000 recordings and 10,000 tracks, collectively valued at over $10m. The recordings that DigiTrax owns are the main foundation of the DigiTrax AI platform and will serve as valuable and proprietary input data for training its Music Builder AI.
DigiTrax augments its proprietary technology with partnerships with iTunes, Google, Amazon, and Spotify; unique partnerships including Yamaha MusicSoft; and a rights solutions to efficiently and accurately track IP asset data across increasingly complex ecosystems.
Disclaimer: This is a paid post and should not be considered as news/advice.