Warner Music Group and Polygon Labs Unveil Music Accelerator Program

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American entertainment juggernaut Warner Music Group and Polygon Labs have deepened their alliance with the launch of a new music acceleration program that aims to drive “the next generation of innovation at the intersection of Web3 and music.” “.

For the program, the two companies plan to support developers who publish music-related projects and decentralized applications (dApps) on the Polygon network.

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Warner Music Group x Polygon Labs

According to the official announcement, applications to the program will be reviewed on a rolling basis and selected projects will receive several benefits. This includes joint funding from WMG and Polygon Labs as well as partnering support across the growing Polygon developer ecosystem.

Additionally, both platforms will also offer quarterly check-ins to selected projects along with strategic advice, networking and connection building, and marketing and promotion.

Warner and Polygon would ideally lean toward initiative applicants at the intersection of music, technology, and Web3 that focus on key areas such as advancing fan-artist communities, establishing from decentralized music production and distribution systems, innovative ticketing solutions, exploring music digital/physical merchandise and collectibles and integrating music with interactive technology and games.

“Polygon Labs and WMG are partnering to help support, advance and scale the next generation of exceptional music x Web3 projects. If you’re obsessed with music and passionate about how Web3 can unlock value for music creators, fans, and artists, this program is for you!”

WMG chief digital officer Oana Ruxandra said the record label conglomerate seeks to enable its artists and songwriters to “build, activate, engage and monetize their communities in this next era of music creation and consumption. with the new accelerator program.

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Warner’s previous Web3 appointments

The latest development isn’t the first time Polygon and Warner Music Group have teamed up. Indeed, the two companies joined forces with e-commerce platform LGND.io last December to launch a multi-year Web3 music program allowing users to play digital vinyl on the go.

The record company too extended its metaverse strategy after recently partnering and investing in digital fashion retailer – DressX. WMG also dove into blockchain gaming after forging a Partnership with Splinterland.

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