Polygon and Warner Music Group Join Forces for Blockchain Music Accelerator Program

Vignesh Karunanidhi
Polygon and Warner Music Group Join Forces for Blockchain Music Accelerator Program
Source: NFTMagazine

The Polygon [MATIC] network has had a remarkable journey since its inception. Since 2017, the project has come a long way in terms of development. It has also managed to secure several partnerships with prominent firms. According to the details in a press release, Polygon Labs is collaborating with Warner Music Group (WMG).

The partnership aims to launch a music accelerator program.

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Warner Music Group-Polygon collaboration aimed at music entrepreneurs

Details from the press release revealed that the program is seeking to attract “companies and entrepreneurs who are actively involved in the realms of music, technology, and Web3.” WMG and Polygon Labs will give funding to the projects that they choose. In addition to financial support, participants will gain access to valuable mentorship. The participants will also receive networking resources provided by industry experts in the music and blockchain sectors.

The press release stated, “They should focus on various areas such as fostering artist-fan communities, establishing decentralized music production and distribution systems, innovating ticketing solutions, exploring music-related merchandise and digital/physical collectibles, and integrating music with interactive technology and gaming.”

Ryan Wyatt, President of Polygon Labs, expressed in a statement that their objective is to foster a new era of innovation in the music industry by providing support to companies and entrepreneurs working in the Web3 and music realm.