Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music

cryptonews.com:

In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry.

The Web3 Music Accelerator program offers endorsements from WMG and Polygon Labs, strategic advice, networking opportunities, and marketing and promotion support, and it is backed by blockchain infrastructure developers like CertiK, Coinflow, and Tatum.

Over 120 applications were submitted for the program, and the selected projects were chosen based on various criteria, including nurturing artist-fan communities, decentralized music production and distribution systems, ticketing solutions, collectibles and merchandise, and integrating music with interactive technology and gaming.

According to WMG, the first recipient is MITH, a fan engagement platform that enables artists to unlock AI-driven insights and analytics while maintaining ownership of their first-party data on audiences. It aims to provide a comprehensive view of each fan, enhancing the connection between artists and their audiences.

The second recipient is the Muus Collective, which develops fashion-centric experiences, including mobile games, entertainment, and digital collectibles. This project explores the music industry’s convergence of fashion and digital experiences.

Jilian Rothman, Vice President of New Business and Ventures at WMG, emphasized the importance of providing meaningful ways for artists and fans to connect and enabling fans to express their fandom. He said,

“MITH and Muus Collective are the perfect platforms to launch with WMG and Polygon Labs’ Web3 Music Accelerator because of their