The collaboration between Polygon and Warner Music Group will mark the emergence of the music industry in Web3. The global music and entertainment giant has announced that the LGND Music platform will be launched in January 2023. It is a platform offering songs in the form of NFTs as well as collectibles. Both companies will partner with Spinnin’ Records to provide a great experience for music fans.
LGND Music: Web3 music platform
In partnership with LGND.io, builder of interactive and e-commerce platforms, Warner Music Group will launch LGND Music. It’s about a music platform and digital collectibles of musicians. The music company chose Polygon”to ensure a seamless user experience”. Gas costs will be lower, with faster transactions in an open, sustainable and permissionless environment.
LGND Music will be officially launched in January 2023. It will offer mobile and desktop applications to interact with NFTs and will also support music NFTs from other platforms. Fans will be able to buy and listen to songs in the form of NFT on the platform but also collect digital objects.
An important collaboration for the music industry
The partnership between Polygon, Warner Music and LGND is a “exciting milestone for the music industrysaid Ryan Wyatt, CEO of Polygon Studios. The companies have not yet announced the names of the artists involved, but they will be accompanied by Spinnin’ Records. This is a label of Warner Music, known in the field of electronic music. He has already published great artists like David Guetta, Tiesto, Robin Shultz and R3HAB.
Michael Rockwell, the CEO of LGND Music shared their hard work to provide the best blockchain experience for music enthusiasts across the world. This is an interesting move from Warner Music as electronic music is starting to lean more and more into Web3. Artists, like Steve Aoki, have already bought and sold NFTs in this area. The price of MATIC could also be positively affected by this news.
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