Warner Music Group and Polygon Labs, a growth and development team in support of the Polygon network, have launched what they call a “groundbreaking” music accelerator program.
The companies say that the accelerator aims to power “the next generation of innovation at the intersection of Web3 and music” by supporting developers launching music-related projects and dApps on the Polygon network.
WMG says that the ideal applicants for the initiative consist of companies and entrepreneurs operating at the intersection of music, technology, and Web3.
They should focus on various areas such as fostering artist-fan communities, establishing decentralized music production and distribution systems, innovating ticketing solutions, exploring music-related merchandise and digital/physical collectibles, and integrating music with interactive technology and gaming.
Applicants who meet the criteria should demonstrate a “strong enthusiasm” for the future of music and possess ideas that go beyond the initial stage of conceptualization.
The most competitive candidates will actively engage with or implement their concepts on the Polygon blockchain protocols.
Selected projects will receive funding from both WMG and Polygon Labs, an industry leading endorsement from two entities driving the future of music and blockchain, respectively.
In addition to funding, selected projects will be eligible for a range of support from mentorship and check-ins, to 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. Starting Wednesday, interested projects can formally 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.”
Oana Ruxandr, WMG
“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,” said 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 to reimagine how we use technologies to create, share, and experience music.”
“We’re delighted to join forces with WMG in our shared mission to bolster creativity and enterprise in music through new technology.”
Ryan Wyatt, Polygon Labs
Ryan Wyatt, President of Polygon Labs added: “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.”Music Business Worldwide
