Entertainment technology firm , Color Star Technology Co Ltd (NASDAQ:CSCW) , which focuses on applying technology and Artificial Intelligence , announced September 7, 2021 that music copyrights on the interactive platform , Color Star App, would be initiated in non fungible tokens.
The company , committed in harnessing AI and advanced technology , makes use of blockchain for encrypting copyright of content , music as well videos for maximising creators interests and rights. Color Star has also finished production of music copyrights in NFT form with plans of introducing original music soon.
CEO of Color Star , Basil Wilson , said the entertainment industry has traditionally operated offline but Color Star has been diligent in adapting to the changing landscape. Wilson added that the firm has worked hard in developing offline entertainment services and products through technologies and scientific ways for creating incredible experience for users . Wilson further said that Color Star has acquited TV, music copyrights to make its library diverse and holistic besides signing up cooperation agreements with professional NFT institutions.
Color Star is engaged in developing and researching in fields of AI, augmented reality and virtual reality and has already developed an app, which can be found both on Google store and Apple store.