Warner Music Group and Polygon Labs Revolutionize Music

Warner Music Group and Polygon Labs have partneredalliance to launch a program musical acceleration Revolutionary. The purpose of this program is to encourage Innovation at the Intersection of Web3 and MusicProviding support to developers and DApps on the Polygon Network.

According to a press release posted on their website on June 28, the ideal candidates for the program are “Companies and entrepreneurs working at the intersection of music, technology and the web3, warner music group shows commitment to blockchain initiative collaborate with Polygon Labs To support decentralized music projects on the Polygon network.

Chief Digital Officer and EVP for Business Development warner music, Ona RuxandraHe has declared:

“WMG is focused on empowering our artists and songwriters to build, activate, engage and monetize their communities in this new era of music creation and consumption.”

Who Will Benefit From Warner Music and Polygon Labs’ Music Accelerator Program?

Warner and Polygon have identified several priorities, including subsidiaries that aim to revolutionize the decentralized distribution of music. They are also interested in nurturing artist and fan communities, promoting blockchain-based ticketing solutions, and exploring opportunities related to music industry collectibles.

Ideally, these projects should be based on polygon blockchain To maximize their chances of success. The application process for the program will be ongoing, allowing applications to be submitted at any time.

Once selected, assigned projects will be received financial help From warner music And Polygon Labs, In addition, they will have access to the extensive networks of both organizations, which will provide advice, strategic guidance, and marketing and promotional support.

“Applications will be evaluated on an ongoing basis and projects will be required to submit pitch decks, demonstrate tensile testing and detail the proposed use of funds. Projects receiving funding will meet with WMG and Polygon Labs quarterly to provide updates, evaluate progress, and receive strategic advice.

Warner Music Group and Polygon are major players in the Web3-based music industry

Warner Music Group has partnered open sea To enter space in October 2022 web3, cooperated together May be nothing To launch the archive “nft label pass“, decentralizing intellectual property and engaging fans. artist like Ed Sheeran

And mother of jesus,

WMG expands further into the field of blockchain collaborate with splinterlands Play to earn and build a musical theme park in the Metaverse sandbox,

However, Polygon has formed an alliance starbucks, reddit And Nike In the last year. they also cooperated Mastercard will introduce NFT and Web3 created an educational program for aspiring artists in the music industry.

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