Polygon, WMG Create Blockchain Music Accelerator Program

The Polygon [MATIC] network has had a remarkable journey since its inception. Since 2017, the project has come a long way in terms of development. It has also managed to secure several partnerships with prominent firms. According to the details in a press release, Polygon Labs is collaborating with Warner Music Group (WMG).

The partnership aims to launch a music accelerator program.

Also read: Bitcoin: MicroStrategy Buys 12,333 BTC for $347 Million

Warner Music Group-Polygon collaboration aimed at music entrepreneurs

Details from the press release revealed that the program is seeking to attract “companies and entrepreneurs who are actively involved in the realms of music, technology, and Web3.” WMG and Polygon Labs will give funding to the projects that they choose. In addition to financial support, participants will gain access to valuable mentorship. The participants will also receive networking resources provided by industry experts in the music and blockchain sectors.

The press release stated, “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.”

Ryan Wyatt, President of Polygon Labs, expressed in a statement that their objective is to foster a new era of innovation in the music industry by providing support to companies and entrepreneurs working in the Web3 and music realm.

  • Polygon
  • Warner Music Group

Comments

Post a Comment

Popular posts from this blog

U.S. Millionaire Says Gold Prices 'Will Go Very High'

Image
Millionaire and veteran investor in the U.S. markets Jim Rogers predicted that gold price s “will go very high” next. The XAU/USD index, which tracks the Spot Gold prices shows the precious above the $2,300 mark on Thursday. The commodity is attracting buying pressure from retail investors, institutional funds, and central banks of developing countries. Also Read: Goldman Sachs Predicts Copper Prices To Surge 20%, Hit $12,000 The massive accumulation is what’s driving gold price s up making it print new highs every month in 2024. Rogers explained that if there’s a problem in the stock market, gold price s stand to benefit and will be the first commodity to skyrocket. The global stock market remains on a slippery slope due to the ongoing conflict in the Middle East between Iran, Israel, and Palestine. Also Read: Chinese Businesses Hoard US Dollars Fearing the Yuan Could Weaken Gold Prices To Go ‘Very High’, Explains Jim Rogers Sour...
Read more

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency.” Former CEO of Celsius Accused of Making False Promises, Misleading Investors The day after Core Scientific detailed that it was shutting down 37,000 bitcoin miners owned by Celsius, New York’s Attorney General filed a lawsuit against Alex Mashinsky, the former CEO of Celsius. The lawsuit alleges that Mashinsky “repeatedly made false and misleading statements about Celsius’s safety” and that he encouraged investors to “deposit billions of dollars in digital assets onto the platform.” According to the lawsuit, 26,000 New Yorkers are affected by the Celsius demise and James wants to ban Mashinsky from doi...
Read more

Cryptocurrency: Kevin O'Leary Predicts 'This' Will 100% Happen Again

Kevin O’Leary has been somewhat of a popular voice in the crypto currency industry over the past year. In mid-December 2022, he was called out by the community following his remarks about Binance. The Shark Tank host outrightly blamed Binance for putting FTX out of business. In retrospect,  Changpeng Zhao, the CEO of Binance called him a liar. Appearing in a recent interview with Kitco NEWS, O’Leary suggested that unregulated exchanges will continue collapsing one behind the other. Warning about potential meltdowns in the future, he said, “If you’re asking me if there’s going to be another meltdown to zero? Absolutely. One hundred percent it’ll happen, and it’ll keep happening over, and over and over again.” https://t.co/raCZhnbuJi — Kitco NEWS (@KitcoNewsNOW) January 16, 2023 Post the collapse of FTX, companies have collectively been striving to rekindle hope and win back the eroded trust of market participants. A...
Read more