Mugafi Partners with Avalanche to Enhance Creator Funding through AI and Tokenization

Mugafi and Avalanche Partnership: Mugafi has partnered with Avalanche to tokenize entertainment IP, enabling creators to raise funds and distribute their work directly, bypassing intermediaries.

Funding Goals: The collaboration aims to secure over $10 million in entertainment IP funding initially, with a long-term target exceeding $1 billion annually, showcasing Avalanche's capability to manage real-world assets.

Job Creation and AI Utilization: The partnership is expected to create over 1,500 job opportunities in AI, production, and blockchain operations across various regions, leveraging Mugafi's AI models to assess project viability.

Web3 Trends in Entertainment: The trend towards onchain management of entertainment IP is growing, with companies like Animoca Brands and PIP Labs exploring tokenization and rights management to enhance ownership clarity and distribution efficiency.