Warner Music Group and Polygon Labs Launch a Music Accelerator Program
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Warner Music Group partners with Polygon Labs to launch a music accelerator program.
Companies and entrepreneurs wishing to participate must have ideas that transcend beyond the first stage of the concept.
Successful candidates will actively participate in the development of concepts that will be deployed on the Polygon blockchain. Startups will receive funds from both Warner Music Group and Polygon Labs.
Global music and entertainment company Warner Music Group partners with Polygon Labs to launch a music accelerator program. The initiative aims to attract and power the next generation of web3 music projects by supporting developers who build music-focused decentralized applications on the Polygon blockchain.
Polygon and Warner Music Group are looking for startups and entrepreneurs that operate at the intersection of web3, technology, and music. Among the topics of the accelerator are decentralized music production and distribution systems, the creation of artist-fan communities, and the development of innovative ticketing solutions. Startups can also focus on music-related merchandise and digital or physical collectibles, as well as integrating music into gaming and interactive technologies.
Companies and entrepreneurs wishing to participate must have ideas that transcend beyond the first stage of the concept. And, of course, developers must show a strong passion for the future of music.
Interested individuals can already apply for the program on a dedicated page. Applicants are required to submit pitch decks, demonstrate proofs of traction, and provide detailed use of funds. Successful candidates will actively participate in the development of concepts that will be deployed on the Polygon blockchain.
Notably, selected startups will receive funds from Warner Music Group and Polygon Labs. Entrepreneurs will also get support from music and blockchain experts, including mentorship and strategic advising. More than that, developers will get assistance in marketing and promotion and will get access to networking opportunities.
Polygon Labs and WMG will meet with selected startups quarterly. The latter will provide updates, report on the progress, and receive advice from experts.
“We’re delighted to join forces with WMG in our shared mission to bolster creativity and enterprise in music through new technology. By supporting companies and entrepreneurs at the intersection of Web3 and music, we aim to encourage a new era of innovation for the music industry,” said the President of Polygon Labs, Ryan Wyatt.
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