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LONDON - Blackbird plc (AIM:BIRD) has launched AI image generation capabilities and a new token system on its browser-based collaborative video editor elevate.io, according to a press release statement issued Wednesday.
The token system will allow users to redeem tokens for services within the platform, establishing a framework for usage-based monetization. Monthly subscribers will receive an allocation of tokens, while free users can use tokens to trial premium features.
This release represents the second AI feature added to elevate.io and includes additional user interface improvements such as thumbnails on the timeline and larger video tracks.
The company stated that the token system is designed to increase retention of monthly subscribers and improve conversion rates from free to paid users. It will also serve as a reward mechanism for users who promote the platform through social posts or referrals.
According to the announcement, these developments will introduce a new revenue stream for Blackbird based on additional volumes of AI features beyond monthly subscriber allowances, potentially increasing average revenue per user.
The company indicated that the token system lays groundwork for extending monetization to additional services such as AI video generation and automated captioning in the future.
Blackbird plc develops cloud-native computing applications for the media, entertainment and content creation markets, offering both the Blackbird suite of applications and the elevate.io collaborative content creation platform.
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