- Awarded projects will get a variety of perks, per the program’s official release.
- The chosen initiatives will get quarterly updates, as well as strategic advice.
Warner Music Group, a behemoth in the American entertainment industry, and Polygon Labs have expanded their partnership with the introduction of a music accelerator program designed to spur “the next generation of innovation at the intersection of Web3 and music.”
The two organizations intend to provide funding for the development of projects and dApps connected to music that will be released on the Polygon network as part of the program.
Wide Variety of Perks
Moreover, applications will be considered on a rolling basis, and awarded projects will get a variety of perks, per the program’s official release. WMG and Polygon Labs are contributing funds, while Polygon Labs is also providing partnership support for the expanding Polygon developer ecosystem.
The chosen initiatives will get quarterly updates. As well as strategic advice, networking and link building, and marketing from the two platforms. At the confluence of music, technology, and Web3, Warner, and Polygon are looking for applications that prioritize several aspects. Especially related to web3 and music integration.
According to WMG’s Chief Digital Officer Oana Ruxandra, the company’s goal with the new accelerator program is to help its artists and songwriters “build, activate, engage, and monetize their communities in this next era of music creation and consumption.”
However, this is not the first time that Warner Music Group and Polygon have worked together on a project. In December 2022, the two companies started a multi-year web3 music program in conjunction with the e-commerce website LGND.io. This program enables customers to experience digital vinyl while they are on the move.
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