Polygon Labs and Warner Music Group have partnered to launch a new music and Web3 program. The aim of the project is to promote innovation and support developers in creating music-related decentralized applications (dApps). Through this partnership, developers will be able to launch their projects directly on the Polygon network. The program will focus on creating decentralized music production and distribution systems, artist and fan communities, ticketing solutions, and exploring music-related merchandising and collectibles. Selected projects will receive funding and support from industry experts, including mentorship, consulting, and marketing assistance. Ryan Wyatt, president of Polygon Labs, expressed excitement about encouraging innovation in the music industry through technology. Oana Ruxandra, Chief Digital Officer of WMG, emphasized the importance of enabling artists to engage and monetize their communities. In other news, Polygon announced a new version of its protocol, which will cover the Polygon PoS chain, MATIC token, governance, and community-related treasury. The price of MATIC has seen a decline in the past month while BTC remains bullish. At the time of writing, MATIC is valued at $0.61.
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