Business News Report
March 14, 2023

Beatport Partners with Polkadot to Launch a Web3 Electronic Music Platform

In Brief

Beatport and Polkadot partner for a web3 platform dedicated to electronic music.

Interested individuals can now sign up for the waitlist.

Beatport Partners with Polkadot to Launch a Web3 Electronic Music Platform

Electronic music-focused platform Beatport has announced its partnership with blockchain network Polkadot. The companies are launching a new web3 platform dedicated to electronic music. The design of the upcoming website was developed in collaboration with the design studio Define Creative.

The new digital space will allow artists, producers, and record labels to fully experience the benefits of web3. At the same time, the release will give music fans the opportunity to connect with their favorite DJs and artists. 

Once launched, Beatport will release a set of digital collectibles distributed via web3 solutions provider Aventus. The NFTs will become a fan engagement tool for labels and artists. For instance, the collectibles will grant holders access to unreleased music tracks and discounted concert tickets. In addition, NFT holders will be able to visit VIP areas at artists’ global events.

The companies did not announce the exact launch date of the platform. However, producers, DJs, and music fans can now sign up for the waitlist on a dedicated page

It’s worth noting that Beatport and Polkadot also plan to host ten major music events during the next eighteen months. According to the official announcement, the events will celebrate the future releases of new collections accessible through Polkadot wallets. 

“There is immense opportunity in this market to provide fans access to a variety of new content streams, creating communities with loyalty unlike anything we’ve seen before, and for the artists to reap the majority of the return. We’re thrilled to be a part of this important endeavor for the music industry,”

said the Founder & CEO of Aventus, Alan Vey.

The music industry is gradually stepping into the web3 space. In 2022, old-school music website LimeWire turned into a web3 platform that supports non-fungible tokens. Renowned electronic DJs deadmau5 and Richie Hawtin launched a music metaverse called Pixelynx, while DJ Steve Aoki entered The Sandbox metaverse in the form of voxel avatars. 

Read more about web3 music:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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