1. BITBILIHome
  2. Article

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

• 46 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

  • Euro’s troubles unveil Europe’s economic fears

    Description Europe’s economic backbone seems to be creaking under the weight of the recent struggles faced by the Euro. And while the European Central Bank’s (ECB) unprecedented decision to hike the deposit rates to 4% — the highest in the Euro’s history — might have aimed to strengthen the currency, it only deepened the turmoil, leaving … Read more Europe’s economic backbone seems to be creaking under the weight of the recent struggles faced by the Euro. And while the European Central Bank’s (ECB) unprecedented decision to hike the deposit rates to 4% — the highest in the Euro’s history — might have aimed to strengthen the currency, it only deepened the turmoil, leaving investors wary of the economic landscape in Europe. Defying Expectations: Euro’s Unexpected Decline Traditionally, a rise in rates spells good news for currencies. The underlying logic is simple: higher interest rates should attract more foreign capital, hence boosting the currency’s value. But, the Euro’s story didn’t play out this way. It was a blow, not just to the common man but to market analysts too. Just…

    Article 2023年9月16日

  • Michael Burry’s Portfolio Shift: What Does It Mean for the Crypto Market?

    TL;DR Breakdown Michael Burry has made significant portfolio adjustments, reducing his holdings in prominent technology stocks and showing a growing interest in cryptocurrencies. Burry’s moves have sparked discussions about the future of the technology sector and the potential impact on the cryptocurrency market. In the world of investing, Michael Burry is a name that carries significant weight. Known for his successful predictions during the 2008 financial crisis, Burry has garnered attention and respect as a renowned investor. Recently, news broke out about Burry’s portfolio shift, raising eyebrows and prompting discussions among market observers and cryptocurrency enthusiasts. This article aims to explore the implications of Michael Burry’s portfolio adjustments and how they might impact the crypto market. Famous for his accurate predictions during the 2008 financial crisis, Burry’s moves are closely scrutinized by market observers and investors alike. The latest news of Burry’s portfolio shift has sent ripples through the investment community and sparked discussions about its potential impact on various sectors, including the cryptocurrency market. As the cryptocurrency industry continues to gain traction and attract mainstream attention, the involvement of…

    Article 2023年5月23日

  • UN Secretary-General champions the regulation of AI technology

    TL;DR Breakdown UN Secretary-General has called for the regulation of generative AI amid concerns over misuse. European Parliament passes AI technology legislation. Generative AI, the latest form of artificial intelligence, has ignited high-level discussions among world leaders, prompting the UN Secretary-General António Guterres, to join the growing chorus of voices advocating for the regulation of this technology. Guterres expressed deep concern over the potential dangers posed by generative AI, comparing it to the existential threat of nuclear war. UN Secretary-General proposes the regulation of AI technology In a press conference held on Monday, Guterres highlighted the alarming warnings from scientists and experts about the risks associated with AI. He emphasized the need for swift action and urged the international community to take these warnings seriously. To address this issue, Guterres announced his intention to establish an AI advisory board comprising experts and scientists from the International Telecommunication Union (ITU) and the Educational, Scientific, and Cultural Organization (UNESCO). Coinciding with Guterres’ statements, the United Nations released a report titled “Information Integrity on Digital Platforms,” which underscored the importance of responsible AI…

    Article 2023年6月18日

  • Robert Kennedy Jr. reveals China’s intentions

    TL;DR Breakdown US presidential candidate Robert Kennedy Jr. has given his opinion on China’s intentions. BRICS alliance and currency shift in international trade. Description Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors … Read more Renowned U.S. presidential candidate Robert Kennedy Jr., the son of former U.S. Attorney General and Senator Robert Kennedy Snr., recently shared his perspective on China’s intentions and global developments in an interview with CNBC. During the conversation, RFK Jr. emphasized that while China does not seek a military conflict with the United States, it harbors aspirations to outshine the U.S. economically. He also addressed China’s role in the evolving BRICS alliance and the significance of local currencies in international trade. RFK Jr. highlights China’s strength As a member of the Kennedy family, Robert Kennedy Jr. brought a legacy…

    Article 2023年9月4日

  • Janet Yellen dispels doubts, praises dollar’s indispensability

    TL;DR Breakdown U.S. Treasury Secretary, Janet Yellen, has defended the supremacy of the U.S. dollar in global economics, dismissing efforts by other countries, including China, to circumvent the dollar’s role. Yellen acknowledged the growing trend of countries looking for alternative reserve currencies to rival the greenback, which is mainly motivated by their desire to evade U.S. sanctions. The move towards alternative currencies comes amid increased calls for a global economy less reliant on the dollar, with some countries opting to use their own currencies for cross-border transactions. Janet Yellen, U.S. Treasury Secretary, recently addressed the U.S. Congress, asserting the supremacy and insurmountable role of the greenback in the world’s financial landscape. Emphasizing the fundamental challenges any country, including major players like China, would face in attempting to circumvent the U.S. dollar, Yellen confidently proclaimed the enduring potency of the U.S.’s economic might. Countries’ quest for dollar alternatives In her address to the Financial Services Committee of the U.S. Congress on June 13, Yellen recognized the ongoing international quest to forge alternative reserve currencies capable of challenging the dominant greenback. She…

    Article 2023年6月19日
TOP