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With the advent of advanced models of artificial intelligence (AI), the technology space is evolving rapidly with revolutionary innovations. Out of them all, deepfakes, tech-enabled mimicries, and the synthetic media hold major hype and concern as the controversial technology trends of the decade.

Deepfake technology generates altered videos, images, or audio of real people combinedly using AI along with machine learning (ML), and facial mapping. Monetizing deepfakes was quite a rare attempt before 2020, as it garnered negative criticisms and warnings. However, nowadays some AI projects leverage this technology to open up economic value and new modes of content creation.

The AI project in the crypto industry, DeepFakeAI, gained fame among the community for its superimposed videos of Tesla (NASDAQ:) CEO Elon Musk, the SEO Chair Gary Gensler, Binance CEO Changpeng Zhao (CZ), and co-founder Vitalik Buterin.

Notably, the platform facilitates users to customize and create AI-generated videos through deepfake technology. Users could gain access to the platforms services through a native bot on Telegram or a web API on their website.

The process of developing deepfake videos on the platform is fast-paced and cost-effective. Initially, an AI voice is generated and fed through the platforms deepfake algorithm. Next, the voice is synchronized with a video snippet featuring a specific person using the lip-syncing process. In this way, new deepfake characters that mimic real-world personalities are created. These characters are then utilized as the principal elements of unique deepfake videos.

Highly-creative and entertaining promotional videos generated via this technology serve as fascinating use cases for commercial purposes. DeepFakeAI sheds light on a wide array of opportunities for users to generate revenue from deepfake videos. Users could create unique videos and resell them for profit. It has also been reported that a community member generated a revenue of $520 for fulfilling video orders via the platform.

Moreover, this AI project aims to bolster video creation services on video-streaming platforms such as YouTube and freelancing websites such as Fiverr.com, Freelancer, and the like.

Cryptocurrency FAKEAI is assigned as the native utility token of DeepFakeAI, enabling users to utilize the platforms services. Holding this token provides specific benefits such as free usage of certain packages on the platform. At the time of writing, according to CoinGecko data, FAKEAI traded at $0.00031306.

Despite the lucrative scenario, people of different generations GenX to GenZ fear the negative consequences of this technology. As a way to address these concerns, projects like DeepFakeAI encourage users to abide by ethical practices and transparency.

Link:

This AI Project Bridges Deepfakes to the Crypto Space - Investing.com India