Polygon and WMG to Accelerate Blockchain Music

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World spanning media goliath, Warner Music Group (WMG), has partnered up with blockchain trailblazer, Polygon Labs, with a purpose to expediate the expansion of the decentralized music trade. In essence, the mighty duo have mixed their sources to launch a blockchain music accelerator program to spearhead innovation within the sector.

Via the brand new initiative, each Polygon and WMG will present funding to promising initiatives on an ongoing foundation. This monetary help with then even be backed up by advertising, mentorship, recommendation, and promotion, to offer the very best kickstart for any fledgling Web3 music enterprise.

The accelerator program itself has singled out a number of areas inside decentralized music the place it goals to offer focus. These embrace, however are usually not restricted to, growing fan communities, decentralized music distribution, NFT ticketing, and music centric collectibles and merchandise.

These with an modern blockchain startup trying to get an additional little push, can apply by way of the related net kind.

Warner Music Group Continues to Champion Web3

Whereas many massive names have made tentative steps into the world of Web3, Warner Music Group has been slightly extra gung-ho in its method. Within the two years since NFTs hit the general public eye, the media company has collaborated with OG market Opensea, Metaverse wearables challenge, DressX, NFT gaming heavyweight, Splinterlands, and up and coming music platform LGND.

As well as, WMG has additionally made waves throughout the Metaverse by constructing a totally functioning gaming expertise inside The Sandbox. A digital venue which represented one if the standout locations inside its Alpha season 3. So, whereas many smaller corporations stay cautious throughout the present local weather, it’s full steam forward for a number of the largest names within the trade!

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