Warner Music Group and Polygon Labs have introduced a brand new music accelerator program for blockchain-based innovation.
This system goals to energy the intersection between the music {industry} and web3 know-how by supporting builders who’re launching music-related tasks and dApps utilizing the Polygon community. Preferrred candidates for this system include firms and entrepreneurs working on the intersection of music, know-how, and web3.
They need to deal with particular areas of the {industry}, equivalent to fostering artist-fan communities, establishing decentralized music manufacturing and distribution techniques, innovating ticketing options, exploring music-related merchandise, digital and bodily collectibles, and integrating music with interactive know-how and gaming.
Candidates who meet the factors also needs to display a powerful enthusiasm for the way forward for music and possess concepts that transcend the stage of conceptualization. Probably the most aggressive candidates will actively interact with or implement their ideas utilizing the Polygon blockchain protocols. Anybody curious about becoming a member of the music accelerator program can submit their purposes right here.
“WMG is targeted on enabling its artists and songwriters to construct, activate, interact, and monetize their communities on this subsequent period of music creation and consumption,” provides Oana Ruxandra, Chief Digital Officer and EVP, Enterprise Improvement, WMG. “By this partnership with Polygon Labs, we look ahead to actively supporting the individuals, protocols, and platforms which are pushing boundaries and serving to WMG reimagine how we use applied sciences to create, share, and expertise music.”
Chosen tasks will obtain funding from each WMG and Polygon Labs, an industry-leading endorsement from two entities serving to drive the way forward for music and blockchain. Along with funding, chosen tasks will probably be eligible for a variety of help from the perfect within the music and blockchain companies, together with mentorship and check-ins, strategic advising, networking and connection creation, and advertising and promotion.
Functions will probably be reviewed on a rolling foundation and would require tasks to submit pitch decks, display proof of traction, and element their proposed use of funds. Initiatives who obtain funding will then meet with WMG & Polygon Labs on a quarterly foundation to offer updates, overview progress, and obtain strategic recommendation.