Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, a hyper-expansive enterprise AI platform, today announced the launch of a series of proven AI solutions to open up new distribution, commerce, and revenue opportunities for today’s content IP owners and individuals across multiple digital communities, including the metaverse. Veriverse™ offers a path forward in both traditional media channels and immersive environments to securely create and activate synthetic media, protect and manage identity and assets, maintain brand continuity across channels and safely create and sell NFTs.
Citi is the latest banking giant to call the metaverse and Web3 a multi-trillion dollar opportunity. In its March 2022 report, “Metaverse and Money: Decrypting the Future,” Citi said the metaverse economy could be an $8 to $13 trillion total addressable market by 2030. In research published in December 2021, Goldman Sachs put a $12.5 trillion number on the space, in a bullish outlook that assumed one-third of the digital economy shifts into virtual worlds and then expands by 25 percent. Furthermore, a Gartner® report states, “the metaverse will provide economic opportunities using new kinds of digital business assets and value exchange models. Executive leaders should augment their digital transformation strategy by exploring virtual world product development, brand placement, customer engagement, and financial flows.” (Gartner, “How to Increase Customer Engagement and Drive Revenue in the Metaverse”, David Furlonger, Christophe Uzureau, Rajesh Kandaswamy, Feb 8, 2022).
With specific solutions that operate in traditional channels and the metaverse, Veriverse includes:
Veritone Voice
Veritone Avatar
Veritone NFT
Veritone Verify
Veritone Metaverse Migration Services
“Disparate metaverses already exist, signaling the emergence of Web3, an extremely fast-growing yet decentralized and disruptive opportunity, and content IP owners and influencers need to be fully enabled to make that transition without sacrificing their brand security, personality and attributes. Veritone is a trusted partner of the largest rights holders in the world and has unmatched expertise in artificial intelligence––including synthetic media, media workflows, advertising and content licensing. We are well positioned to help our current and future customers make the move to, and excel within, the metaverse,” said Ryan Steelberg, President and co-founder of Veritone.
Veritone Voice™ is an AI-enabled custom synthetic voice cloning solution that allows users to securely and ethically create and monetize synthetic voices in real or digitally immersive worlds by acquiring the necessary training data to create a custom voice that can be transformed into different languages, dialects, accents, genders and more.
“Veritone Voice will streamline the way we work with talent in film and TV production, while still creating authentic experiences for audiences,” said Amani Martin, Emmy award-winning director and producer and Managing Partner of Vin Scully Digital.
With Veritone Avatar™, users can create avatars for a broad range of use cases, including advertising, recruiting, patient care, eLearning and customer service.
“What audiences crave in these metaverse experiences is, ironically, human connection,” says Beau Romero, YouTube Influencer, Us Always member. “Bringing such realistic and lifelike avatars to immersive experiences is something I am very passionate about for the next evolution of my brand.”
Veritone NFT™ is a smart contract-enabled NFT minting and marketplace solution for audio, images, and video, including a proprietary minting service exclusive for Veritone clients. The Veritone NFT Marketplace enables approved users to create, buy and sell NFTs.