Polygon Labs, the entity behind the popular Polygon blockchain, has partnered with the American multinational entertainment conglomerate Warner Music Group. The collaboration will see the pair launching a music accelerator program to ignite a new era of innovation in the music industry. The program will prioritize companies and initiatives operating at the intersection of music, technology, and Web3 space. - The project will also require candidates to focus on areas like creating decentralized music production and distribution platforms, encouraging artist-fan communities, developing ticketing solutions, exploring music-related products and digital or physical collectibles, and integrating music with interactive technologies and gaming.
- The accelerator program will ultimately onboard the new blockchain-based music projects and decentralized applications (dApps) on Polygon.
- The selected projects will receive funding from both Warner Music Group and Polygon Labs.
- They will also be able to access mentorship and networking opportunities from professionals in the blockchain and music industries.
Warner Music Group and Polygon Labs also released a series of music NFTs on the NFT marketplace LGND in December last year. - Polygon Labs has partnered with many other mainstream brands, including Starbucks, Nike, and Reddit, over the last several years to integrate Web3 technologies into their services.
- The firm also most recently launched an artist accelerator program for musicians that could be only joined through an NFT member pass in collaboration with the payment processing giant Mastercard.
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