Dequency partners with AI tagging engine Cyanite

26 April 2023 - Press release

Dequency has partnered with AI music tagging and recommendation engine Cyanite, with a view to enhancing discovery on its own decentralized music licensing marketplace.

Launched in 2019, with headquarters in Berlin and Mannheim, Cyanite develops algorithms for music analysis, tagging, search and discovery. The company’s goal is to help clients better understand their repertoire and unlock its full value with artificial intelligence. It has a broad client base across publishing, record labels, production music companies and music tech, with big names including BMG, Nettwerk, UMPG Music Solutions, RTL, Pond5, APM Music and many more.

Built on Algorand, Dequency’s marketplace is the only option for on-chain sync licensing for blockchain-native content such as motion-visual digital art, NFT projects, games, and metaverse productions. Analogous to Bitcoin’s trustless digital payments, Dequency eliminates third parties from music licensing transactions to increase speed of payment, reduce fees, and give control of the system to market participants.

The platform’s v1.0 launch in July last year created a two-sided marketplace, allowing any music rightsholder that owns both the recording and publishing rights of a track to license their music directly without an intermediary in between the transaction. Music rights owners that use the Dequency marketplace are also able to set their own licensing fees, making this a first of its kind proposition for an online sync platform.

This new partnership with Cyanite will make discovering new, original works on the Dequency platform for use in content easier than ever.

Cyanite CEO Markus Schwarzer said: “We are really happy to partner with Dequency as we bring together the strengths of blockchain and artificial intelligence to make original music easier to license in the metaverse. We see huge potential for the music industry to further diversify its revenue streams and are proud to contribute with our algorithms to provide the best possible music search experience.”

Dequency CEO Keatly Haldeman said: “We’re excited to bring Cyanite’s AI-enabled tagging to Dequency’s growing library of licensable music. Not only does this mean licensees can find the perfect track for their project, but also it enables them to find those ‘diamond in the rough’ tracks based off of their attributes — giving even more artists the chance to participate in the global market for sync. This is cutting edge technology for easy and accurate song recommendation that will benefit all Dequency users.”