Author : Kenno
Date : Dec 07,2022
A new music and collectibles platform built on Polygon
LGND Music and Warner Music Group Collaborate to Release Polygon Music NFTs A new music and collectibles platform built on Polygon and Warner Music have partnered.
Today, Warner Music Group and Web3 Music announced a multi-year partnership that will enable artists signed to its labels to issue music NFTs through the upcoming LGND Music marketplace powered by Polygon.
When LGND Music launches in January, it will provide songs as NFTs that fans can purchase and listen to on the website, along with other digital treasures from musicians and artists under the Warner Music label.
Similar to an iTunes-like experience for Web3, LGND will offer desktop and mobile apps for interacting with the NFTs, and the company asserts that it will also enable music NFTs from other platforms.
Although WMG's well-known label Spinnin' Records is included in the agreement, Warner Music and LGND have not yet disclosed which artists would release NFTs on the site. With the recordings of artists like David Guetta, Tiesto, R3HAB, and Robin Shultz, Spinnin' Records is a major force in the electronic dance music sector.
According to the LGND website, "LGND Music will never require you to link a cryptocurrency wallet in order to explore the platform, and will keep all your assets safe in your collection."
The partnership between Polygon Studios and WMG and LGND, according to CEO Ryan Wyatt of the company, is a "exciting milestone for the music industry."
Wyatt continued, "By fully embracing decentralized technology and collectibles, the way that we own and experience music is transforming.
WMG has a number of Web3 agreements that were signed this year. Efforts to incorporate metaverse concerts and events into The Sandbox were revealed in January, and a relationship with the cryptocurrency game Splinterlands to produce "arcade-style" games based on its musicians was announced in February. Additionally, it launched a Web3 Music Label in partnership with Web3 media company Probably Nothing.