Further committing to blockchain-based initiatives, Warner Music Group announced Wednesday that it has formed a new music accelerator program in partnership with Polygon Labs that seeks to bolster decentralized music-related apps and projects built on the Polygon network.
The program will specifically seek out projects operating at the intersection of music and the blockchain. Some examples of top priorities for Warner and Polygon purportedly include companies attempting to create new mechanisms for the decentralized distribution of music, those focused on fostering artist-fan communities, those building on-chain ticketing solutions, and those exploring music-related collectible merchandise. Successful projects in those areas would ideally operate on the Polygon blockchain.
The program will accept applications on a rolling basis. Projects accepted into the program will receive funding both from Warner Music and Polygon Labs, as well as access to the networks of both organizations in the form of mentorship, strategic advising, and assistance with marketing and promotion.
Read more: decrypt.co
