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World music and leisure firm Warner Music Group companions with Polygon Labs to launch a music accelerator program. The initiative goals to draw and energy the subsequent era of web3 music initiatives by supporting builders who construct music-focused decentralized purposes on the Polygon blockchain.
Polygon and Warner Music Group are on the lookout for startups and entrepreneurs that function on the intersection of web3, know-how, and music. Among the many subjects of the accelerator are decentralized music manufacturing and distribution programs, the creation of artist-fan communities, and the event of revolutionary ticketing options. Startups can even concentrate on music-related merchandise and digital or bodily collectibles, in addition to integrating music into gaming and interactive applied sciences.
Firms and entrepreneurs wishing to take part will need to have concepts that transcend past the primary stage of the idea. And, in fact, builders should present a robust ardour for the way forward for music.
people can already apply for this system on a devoted web page. Candidates are required to submit pitch decks, reveal proofs of traction, and supply detailed use of funds. Profitable candidates will actively take part within the growth of ideas that can be deployed on the Polygon blockchain.
Notably, chosen startups will obtain funds from Warner Music Group and Polygon Labs. Entrepreneurs will even get assist from music and blockchain specialists, together with mentorship and strategic advising. Greater than that, builders will get help in advertising and marketing and promotion and can get entry to networking alternatives.
Polygon Labs and WMG will meet with chosen startups quarterly. The latter will present updates, report on the progress, and obtain recommendation from specialists.
“We’re delighted to affix forces with WMG in our shared mission to bolster creativity and enterprise in music by means of new know-how. By supporting firms and entrepreneurs on the intersection of Web3 and music, we intention to encourage a brand new period of innovation for the music business,” mentioned the President of Polygon Labs, Ryan Wyatt.
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