Polygon Labs and Warner Music Group announced two recipients of their inaugural Web3 Music Accelerator program to further the evolution of the music industry.
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.
