Music and entertainment company Warner Music Group has partnered with Polygon Labs to launch a music accelerator program that’s designed to power the next generation of innovation at the intersection of Web3 and music.
The collaboration will also support developers that are launching music-related projects as well as dApps on the Polygon network. Ideal applicants should focus on various areas such as fostering artist-fan communities, establishing decentralised music production, distribution systems and more.
Applicants who meet the criteria should also demonstrate a strong enthusiasm for the future of music and possess ideas that go beyond the initial stage of conceptualisation.
Oana Ruxandra, chief digital officer and EVP, Business Development at WMG said, “WMG is focused on enabling its artists and songwriters to build, activate, engage, and monetise their communities in this next era of music creation and consumption. Through this partnership with Polygon Labs, we look forward to actively supporting the people, protocols and platforms that are pushing boundaries and helping WMG to reimagine how we use technologies to create, share and experience music.”
Ryan Wyatt, president of Polygon Labs said, “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.”
Fueling innovation in music
The program will enable the most competitive candidates to actively engage with or implement their concepts on the Polygon blockchain protocols.
Once a project has been selected, it’ll receive funding from both WMG and Polygon Labs. Selected projects will also be eligible for a range of support from some of the best in the music and blockchain businesses such as mentorship and check-ins, strategic advising, networking and connection creation.
Applications will undergo continuous review and assessment, with project teams expected to provide pitch decks, evidence of progress and a clear plan for fund utilisation. Successful projects will also engage in quarterly meetings with WMG and Polygon Labs, offering progress reports, receiving strategic guidance, and discussing updates.
Interested projects can submit their applications here.