Warner Music Group (WMG) Teams Up With OpenSea To Connect Artists & Fans

WMG recognizes Web3 as the new form of connection between artists and fans.

Warner Music Group WMG Teams Up With OpenSea To Connect Artists And Fans

Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will gain early access to OpenSeaโ€™s many valuable features, including advanced discoverability.

Artists and Fans Unite in the Web 3.0 Space

Warner Music Group’s (WMG) all-star lineup includes the crรจme de la crรจme of pop music in the form of Dua Lipa, Madonna, Cardi B, Ed Sheeran, Linkin Park, Prince, & many other well-known names of the music industry.

Sponsored

The company’s full submersion into Web 3.0 comes just a month after the Warner Music Group launched ‘Probably A Label‘โ€”a subdivision dedicated entirely to NFTs and the metaverse. As Chief Digital Office Oana Ruxandra explained: โ€œFundamental to musicโ€™s DNA, is communityโ€“itโ€™s artists and fans coming together to celebrate the music that they loveโ€.

WMG’s first NFT project is slated to be the NFT Pass sale for the newly-formed Web 3.0 record label. The debut will be powered by Jeremy Fall, who launched metaverse startup project ‘Probably Nothing’. The Internet’s Mixtape is an attempt to combat the stereotypes surrounding crypto, NFTs, and the modern music industry.

Whatโ€™s Included in the NFT Label Pass

First of all, the Probably Nothing NFT Label Pass will allow owners to hold stakes in the related bands and artists, in a similar way to ‘KINGSHIP’ by Bored Apes. Moreover, NFT enthusiasts will be able to acquire licenses from a members-only music library. Some of the other perks include:

  • Meet & greets with artists and bands;
  • Dinner with music industry executives;
  • Early access to the labelโ€™s music drops;
  • Creative tools to make create unique virtual artists.

Besides the perks listed above, NFT enthusiasts that acquire one of the exclusive passes will also own the rights to the musical pieces. The move represents part of the vision of the Warner Music Groupโ€™s (WMG) daughter label. Jeremy Fall emphasizes that the Warner Music Group aims to be at the forefront of innovation, and thus, returning control of music ownership rights to artists is crucial, while fans gain the chance to be a part of it all through collecting NFTs.

On the Flipside

Why You Should Care

Collaboration between major record labels and blockchain companies could be a crucial catalyst for the continued growth of the NFT market. Besides WMG, the Universal Music Group has also made moves to get involved with Wec 3.0 this year. UMG now gives artists the ability to drop NFT collections on LimeWire NFT. For its part, LimeWire, the classic file sharing service, has gained a new lease of life, transforming into a music NFT market place, representing a perfect example of fruitful collaboration between music & blockchain.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaลกevskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.

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