Polygon Joins LGND Web3 Music Platform: Details

Polygon, a blockchain technology platform, is putting more effort into building strategic relationships despite the crypto currency market experiencing a significant dip this year.

Polygon collaborated with Warner Music and the LGND Web 3 music platform on Tuesday, December 9 to create a new digital collectibles marketplace.

Polygon has developed a leading gateway to Web 3.0 through cooperative efforts with some of the planet’s major enterprises. Through this new collaboration, Polygon will provide Music NFTs to the market in a decentralized, scalable, and permissionless setting. Polygon statement states: “LGND Music, enables you to play music digital collectibles, or “Virtual Vinyl”, on-the-go.  

“Also, select @warnermusic artists will launch their digital collectibles & connect fans with special content and experiences “

In conjunction with Spinnin’ Records, the preeminent dance music label in the world, the first music non-fungible tokens (NFTs) will be released in the first month of 2023. To bring musicians and their followers closer together, Polygon thinks that Web 3.0 and music non-fungible tokens (NFTs) will assist.

Music Industry Begins Experimenting With Crypto

In the crypto community as a whole, the music business is currently experiencing a period of rapid expansion. In January, The Sandbox, a metaverse firm, partnered with Warner Music Group to create a digital theme park and concert hall focused on music. Concerts and other live performances by WMG-representees will be featured at LAND in The Sandbox, a venue owned by Warner Music Group.

Cooper Turley, a prominent voice in the cryptocurrency industry, has just formed a Web3.0 music fund called “Coop Records Fund I,” which has already raised $10 million in a strategic funding round.

Back in October, it was reported that Warner Music Group is looking to hire more professionals who are familiar with the Web3.0 platform so that they may create new products for the platform.

The deal states that OpenSea will “provide as a platform for select WMG artists to build and extend their fan communities in Web3.”