Warner Music Group and Polygon Labs Unveil a Music Accelerator Program
In Brief
Warner Music Group collaborates with Polygon Labs to kick off a music accelerator initiative.
Startups and innovators interested in joining must present ideas that advance beyond the initial concept stage.
Chosen participants will engage in refining concepts destined for deployment on the Polygon blockchain. Selected startups will receive financial backing from both Warner Music Group and Polygon Labs.
In a bid to foster the next wave of web3 music innovation, Warner Music Group partners with Polygon Labs to develop a music accelerator program that supports developers creating decentralized applications with a music focus on the Polygon blockchain.
Polygon and Warner Music Group are on the lookout for startups and entrepreneurs at the crossroads of web3, technology, and the music scene. The accelerator will cover themes such as decentralized systems for music production and distribution, building artist-fan communities, and crafting cutting-edge ticketing solutions. Additionally, participants may delve into music merchandise and both digital and physical collectibles, or explore avenues to integrate music into gaming and interactive tech.
Participants joining this venture need to showcase concepts that have moved past the preliminary idea stage. Importantly, developers should demonstrate a genuine passion for shaping the future of music.
Those interested can already apply for the program on a dedicated platform. dedicated page Applicants must submit comprehensive pitch decks, show clear evidence of traction, and detail funding usage. Those selected will actively shape ideas set to be launched on the Polygon blockchain.
Noteworthy is the financial support offered to selected startups from Warner Music Group and Polygon Labs. Additionally, entrepreneurs will gain mentorship and strategic guidance from seasoned experts in music and blockchain. On top of that, they will receive marketing and promotional assistance, along with access to valuable networking opportunities.
Polygon Labs and Warner Music Group will conduct quarterly meetings with the chosen startups, allowing them to share updates, discuss progress, and seek expert advice.
"We are thrilled to collaborate with WMG in our shared goal to enhance creativity and entrepreneurship within the music sector through innovative technology. By supporting firms and visionaries at the nexus of Web3 and music, we hope to usher in a new age of creativity for the music industry,” expressed Ryan Wyatt, President of Polygon Labs.
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