Warner Music Group and Polygon Labs have announced a new music accelerator program for blockchain-based innovation.
The program aims to power the intersection between the music industry and web3 technology by supporting developers who are launching music-related projects and dApps using the Polygon network. Ideal applicants for the program consist of companies and entrepreneurs operating at the intersection of music, technology, and web3.
They should focus on specific areas of the industry, such as fostering artist-fan communities, establishing decentralized music production and distribution systems, innovating ticketing solutions, exploring music-related merchandise, digital and physical collectibles, and integrating music with interactive technology and gaming.
Applicants who meet the criteria should also demonstrate a strong enthusiasm for the future of music and possess ideas that go beyond the stage of conceptualization. The most competitive candidates will actively engage with or implement their concepts using the Polygon blockchain protocols. Anyone interested in joining the music accelerator program can submit their applications here.
“WMG is focused on enabling its artists and songwriters to build, activate, engage, and monetize their communities in this next era of music creation and consumption,” adds Oana Ruxandra, Chief Digital Officer and EVP, Business Development, WMG. “Through this partnership with Polygon Labs, we look forward to actively supporting the people, protocols, and platforms that are pushing boundaries and helping WMG reimagine how we use technologies to create, share, and experience music.”
Selected projects will receive funding from both WMG and Polygon Labs, an industry-leading endorsement from two entities helping drive the future of music and blockchain. In addition to funding, selected projects will be eligible for a range of support from the best in the music and blockchain businesses, including mentorship and check-ins, strategic advising, networking and connection creation, and marketing and promotion.
Applications will be reviewed on a rolling basis and will require projects to submit pitch decks, demonstrate proof of traction, and detail their proposed use of funds. Projects who receive funding will then meet with WMG & Polygon Labs on a quarterly basis to provide updates, review progress, and receive strategic advice.