1. BITBILIHome
  2. Article

Warner Music Group and Polygon Labs set to revolutionize the music scene—Details

• 81 views

TL;DR Breakdown

  • WMG and Polygon Labs launch a music accelerator program to boost innovation in the music industry.
  • Selected projects will get funding and network access for mentorship and strategic advising.
  • This move is part of WMG and Polygon Labs’ commitment to integrating blockchain technology into the music sector.

Description

In an ambitious attempt to drive technological innovation within the music industry, Warner Music Group (WMG), a global entertainment behemoth, has partnered with Polygon Labs. Together, they are launching a music accelerator program to support the development of blockchain music projects and decentralized applications (dapps) on the Polygon network​. The music accelerator program marks a … Read more

In an ambitious attempt to drive technological innovation within the music industry, Warner Music Group (WMG), a global entertainment behemoth, has partnered with Polygon Labs. Together, they are launching a music accelerator program to support the development of blockchain music projects and decentralized applications (dapps) on the Polygon network​.

The music accelerator program marks a significant stride in WMG’s ongoing commitment to integrating blockchain technology into the music industry. Oana Ruxandra, WMG’s Chief Digital Officer and EVP of Business Development, expressed the company’s intent to empower artists and songwriters to engage and monetize their communities in an evolving era of music creation and consumption​.

The program is specifically designed to support ventures that operate at the confluence of music, technology, and Web3. The focus areas include nurturing artist-fan communities, developing decentralized music production and distribution systems, creating ticketing solutions, and exploring music-related merchandise and digital/physical collectibles​. The initiative is especially interested in projects creating new mechanisms for the decentralized distribution of music and exploring music-related collectible merchandise​.

Expanding opportunities and partnerships

Successful applicants to the program will receive funding from both WMG and Polygon Labs. In addition to financial backing, these projects will gain access to the networks of both organizations, opening up opportunities for mentorship, strategic advising, and marketing and promotional assistance​.

Polygon Labs has a track record of forming strategic partnerships with major brands like Starbucks, Reddit, and Nike. Ryan Wyatt, president of Polygon Labs, stated their intention to foster innovation in the music industry through their collaboration with WMG​.

Over the past two years, WMG has actively sought partnerships and ran pilot programs with various blockchain-native companies, such as OpenSea, LGND Music, and The Sandbox. The company’s recent blockchain ventures include launching a music-focused theme park in The Sandbox metaverse platform and developing play-to-earn (P2E) games for its artists in collaboration with blockchain gaming company Splinterlands​.​.

The collaboration between Warner Music Group and Polygon Labs underscores their shared commitment to harnessing the potential of blockchain technology in the music industry. As the world continues to explore the applications of blockchain, this initiative may serve as a blueprint for future endeavors that seek to bridge the gap between technology and creativity in the music industry.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Warner Music Group and Polygon Labs set to revolutionize the music scene—Details

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月1日 09:39
Next 2023年7月1日 13:21

Related articles

  • Is Futureverse better than the other metaverses?

    TL;DR Breakdown Futureverse, a platform of 11 companies including gaming studios and blockchain startups, recently raised $54 million in Series A funding. The company’s CEO, Aaron McDonald, challenges the typical view of the metaverse as a virtual world, instead seeing it as technology powering many applications. Description In the rapid digitalization era, the metaverse, a virtual universe comprising multiple interconnected digital spaces, is no longer a figment of sci-fi imagination. Emerging from this fast-paced landscape is Futureverse, which recently clinched a $54 million Series A round. Futureverse is a unique platform composed of 11 companies extending from gaming studios to blockchain startups, … Read more In the rapid digitalization era, the metaverse, a virtual universe comprising multiple interconnected digital spaces, is no longer a figment of sci-fi imagination. Emerging from this fast-paced landscape is Futureverse, which recently clinched a $54 million Series A round. Futureverse is a unique platform composed of 11 companies extending from gaming studios to blockchain startups, all uniting to streamline metaverse content creation. Pioneering a different Metaverse perspective While the buzz around the metaverse may seem…

    Article 2023年7月23日

  • Group behind the Tornado Cash lawsuit loses to the US Treasury

    TL;DR Breakdown A lawsuit against the US Treasury by 6 individuals backed by Coinbase goes south in a mega loss. Judge Robert Pitman states that Tornado Cash is a legal entity that has a property interest in its smart contracts.  The judge rejected the Treasury Department’s claim that Tornado Cash is not an entity, saying that the mixer’s DAO was designated. Last year, OFAC sanctioned Tornado Cash for assisting North Korea’s Lazarus Group launder crypto cash from decentralized exchanges and games like Axie Infinity. Coinbase Chief Legal Officer Paul Grewal says that the company will support an appeal. Description A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit brought by six individuals sponsored by the cryptocurrency exchange Coinbase against Tornado Cash. The group of crypto investors and developers backed by Coinbase argued the U.S. Treasury Department abused its … Read more A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in…

    Article 2023年8月18日

  • Arbitrum’s layer 3 advancements outshine competitors in the blockchain scalability race

    TL;DR Breakdown Arbitrum solidifies its position as the leading Layer 2 scaling solution for Ethereum, outpacing competitors like Polygon and BNBChain. The launch of Arbitrum Orbit empowers developers working on Layer 3 crypto chains, extending Arbitrum’s reach and influence in the market. Layer 3 networks offer even greater scalability and cost reduction by employing a third chain for offloading complex operations. Description Arbitrum, the leading Layer 2 scaling solution for Ethereum, has reaffirmed its dominance in the market with the launch of Arbitrum Orbit, an innovative tool aimed at empowering Layer 3 networks. Notably, rivals Polygon and BNBChain have also made strides by introducing zero-knowledge rollups. With regular developmental enhancements, Arbitrum solidifies its position as the go-to … Read more Arbitrum, the leading Layer 2 scaling solution for Ethereum, has reaffirmed its dominance in the market with the launch of Arbitrum Orbit, an innovative tool aimed at empowering Layer 3 networks. Notably, rivals Polygon and BNBChain have also made strides by introducing zero-knowledge rollups. With regular developmental enhancements, Arbitrum solidifies its position as the go-to scaling solution for Ethereum, outpacing…

    Article 2023年6月24日

  • Hooked Protocol price analysis: HOOK experiences further decline as the downward trend pushes it to $1.50

    TL;DR Breakdown Hooked Protocol price analysis is bearish today. Support for HOOK is present at $1.43. Resistance for HOOK/USD is present at $1.61. Today, the Hooked Protocol price analysis indicates a decrease in price as it drops to $1.50. Recent hours have witnessed fluctuations in cryptocurrency trends, leading to a resurgence of bearish sentiment. Although the bearish momentum is not robust, it has succeeded in lowering the value of the cryptocurrency once again. After following an upward trajectory for the majority of the past week, the coin has now continued its downward movement for the second consecutive day, following the established pattern. HOOK/USD 1-day price chart: HOOK bulls losing ground to the downtrend Based on the 1-day Hooked Protocol price analysis, a minor price decrease has occurred in recent days. The value of HOOK has fallen to $1.50, representing negative progress in comparison to the previous week. Moreover, the moving average (MA) value is currently below the SMA 50 at $1.45, reinforcing the bearish outlook. Furthermore, the gradual decrease in volatility should be viewed as a negative hint for the…

    Article 2023年5月20日

  • ChatGPT faces a 10% decrease in website traffic in June- Here’s why

    TL;DR Breakdown The global user base for the widely-used AI chatbot ChatGPT has shrunk from May to June, indicating waning interest in OpenAI’s AI helper product.  The number of unique visitors and the average time spent on the site have decreased, falling by 5.7% and 8.5%, respectively.  Website traffic in the United States fell by 10.3 percent from one month to the next. Many consumers and observers in the business were perplexed by the rapid drop in website traffic and its possible causes. Description ChatGPT took the world by storm. Now, not anymore. The development of AI has had far-reaching effects in recent years, with one notable use being AI-driven chat services. At the vanguard of this development is ChatGPT, an artificial intelligence (AI) powered chat platform that has attracted millions of users looking for meaningful interactions and information. … Read more ChatGPT took the world by storm. Now, not anymore. The development of AI has had far-reaching effects in recent years, with one notable use being AI-driven chat services. At the vanguard of this development is ChatGPT, an artificial…

    Article 2023年7月9日
TOP