Polygon Labs and Warner Music Group push music industry Web3 evolution
The blockchain ecosystem developer Polygon Labs and music industry giant Warner Music Group (WMG) announced on Jan. 25 two grant recipients for its inaugural Web3 Music Accelerator program.
The Web3 Music Accelerator program was announced back in June 2023 as an effort to build innovation at the intersection of Web3 and music.
According to WMG, there were over 120 applications from projects working in this particular niche, and the final projects were chosen based on criteria such as nurturing artist-fan communities, decentralized music production and distribution systems, ticketing solutions, collectibles and merch, and integrating music with interactive technology and gaming.
Jilian Rothman, vice president of new business and ventures at WMG, said that providing “meaningful ways for artists and fans to connect, and fans to express their fandom” are two core elements of WMG’s mission in the space.
Cointelegraph has reached out to WMG for additional comments on its vision for the future of the industry in the Web3 space.
One of the recipients is MITH, a fan engagement platform that allows artists to unlock AI-driven insights and analytics while owning their first-party data on their audiences, providing “a 360° view” of each fan.
The other is the Muus Collective, which is building “fashion-centric experiences,” including mobile games, entertainment and digital collectibles.
Related: Thrash metal band Megadeth community likens Web3 to ‘virtual mosh pit’ — in all the right ways
Brian Trunzo, head of business development for North America at Polygon Labs, said the company is “excited” to see decentralized innovation moving toward becoming “fully mainstream” through such projects.
The Web3 Music Accelerator program provides endorsements from both WMG and Polygon Labs, strategic advising, networking and connection creation, and marketing and promotion. The program also receives support from blockchain infrastructure developers such as CertiK, Coinflow and Tatum.
WMG has been active in forging new paths for the music industry using Web3 tools. In December 2022, it first partnered with Polygon and LGND to launch a Web3 music platform .
Around the same time, Polygon also partnered with financial service provider Mastercard to launch a similar Web3 accelerator program for musicians looking to enter the space.
Magazine: Crypto+AI token picks, AGI will take ‘a long time’, Galaxy AI to 100M phones: AI Eye
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance
Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought

Ethereum Set to Soar Past $4,000 Again
Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?

Lark Davis: Best Time to Make Money in Crypto
Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains

Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift
Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders

Trending news
MoreCrypto prices
More








