[Hong Kong, 23 July 2024] – Beamit A is a groundbreaking solution for AI-generated 3D avatars. Beamit AI transforms 2D profile pictures into metaverse-ready 3D avatars with built-in IP management features, setting a new standard for digital identity and ownership in the AR/MR/VR space. Coinweb Labs has extended a grant to Beamit AI for its unique innovation on the Coinweb Protocol.
Beamit AI is reducing avatar creation costs by 100x and accelerating the process by 1000x, making 3D avatar generation as routine as changing clothes. This revolutionary technology allows users to easily integrate their digital identities into the open metaverse, contributing to a new era of immersive experiences.
The platform offers dynamic proof of provenance smart contracts, enabling new functionalities such as targeted ads, advanced permissions, and collaborative gaming within the open metaverse. Every avatar minted with Beamit AI earns users governance tokens, providing an opportunity to generate income while contributing to the development of a decentralised AI ecosystem. Additionally, IP marketplaces allow direct targeting of specific NFT holders for a variety of deals, enhancing the utility and value of digital assets.
Beamit AI leverages Coinweb’s advanced technology to enhance its platform capabilities. The wallet library helps containerise Coinweb-issued NFTs, PACT integration enables cross-chain functionality of Beamit AI NFTs, for seamless interoperability across different blockchain networks.
“Beamit AI represents a significant leap forward in the realm of digital identity,” said Thomas Heindl at Starbreeders LTD. “By integrating Coinweb’s cutting-edge technology, we are able to offer unparalleled innovation and efficiency, setting new standards for 3D avatar creation and IP management in the metaverse.”
“Beamit AI’s vision for transforming digital identity aligns perfectly with Coinweb’s commitment to seamless interoperability,” said Anton Roos, CMO at Coinweb Labs. “Our partnership will drive significant advancements in the metaverse, enhancing user engagement and ownership security.”
This integration marks a major milestone for Beamit AI, promising innovative solutions that cater to the evolving needs of digital identity and asset management in the metaverse.
About Beamit AI
Beamit AI by Starbreeders empowers users to transform their favorite PFPs into metaverse-ready 3D avatars using advanced AI models. This innovative Singaporean startup is redefining how we operate our digital identities in the era of augmented, mixed and virtual reality. By leveraging unique Proof of Provenance smart contracts, Beamit AI is pioneering innovations in IP-management, significantly contributing to the rapidly expanding digital economy.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.
About Coinweb Labs
Coinweb Labs is the main contributor to the Coinweb protocol as well as a design and build consultancy specialising in creating custom-built solutions for decentralised applications. With a focus on innovation and collaboration, Coinweb Labs is dedicated to accelerating the development of projects within the Coinweb ecosystem.