- Polygon and Warner Music Group have launched an accelerator program.
- The program will give funding to the best people and projects.
- It’s not the first time Polygon and Warner Music Group have partnered.
The majority of crypto companies usually have partnerships with crypto-native firms. However, Polygon is different.
The Ethereum Layer-2 powerhouse has perhaps the most partnerships with web2 companies. Starbucks, Nike, and other flagship brands all have a relationship with Polygon.
Warner Music Group is the latest traditional company to partner (again) with Polygon.
Polygon to Launch Accelerator with Warner Music Group
Polygon announced a partnership with the well-known music entertainment brand Warner Music Group (WMG) on Thursday.
Sponsored
The two companies said they are launching a new accelerator program to onboard new music talent and projects to the blockchain. The ideal candidates are “companies and entrepreneurs operating at the intersection of music, technology, and web3.”
Polygon and WMG also highlighted their focus on five areas: Fan communities, decentralized music production and distribution, ticketing, merchandise, and integrating music with interactive technology and gaming.
Sponsored
The chosen companies and projects will receive funding from Polygon Labs and WMG and be eligible for mentorship and networking opportunities from experienced people in the blockchain and music industries.
It’s not the first time Polygon and WMG have partnered up. In December, the two companies launched a series of music NFTs on the NFT marketplace LGND.
Warner Music Group is one of the most popular global entertainment companies. It operates in more than 50 countries worldwide and generated $5.9 billion in revenue last year.
On the Flipside
- It’s unclear how much funding selected companies and people will receive.
Why This Matters
Accelerator programs benefit the industry because they fund those who have interesting ideas but don’t have enough money to start their businesses.
Read more about a recent ConsenSys crypto survey:
Majority Have Heard of Crypto but Not of Web3: ConsenSys Survey
Read more about what Paradigm thinks of crypto:
Has Paradigm Replaced Crypto with AI? Co-Founder Explains VC Firm’s View
