- Polygon, Warner Music, and LGND have all made public statements about their plans.
- CEO Ryan Wyatt thinks his company can be a leader in the Web3 music revolution.
Polygon has announced an official collaboration to bring blockchain technology and NFTs to the music business. Further increasing its list of alliances and support areas. Polygon, Warner Music, and LGND have all made public statements about their plans to provide Music NFTs to the Web3 ecosystem.
In January of 2023, LGND Music, a new digital collecting platform, will become live. Some WMG artists will be able to use this platform to provide digital collectibles to their global fan bases. The site will also be used by these artists to communicate with their audiences. And provide them access to unique, handpicked content.
Web3 Music Revolution
Due to the partnership’s focus on attracting customers who are unfamiliar with NFTs, cryptocurrencies, or blockchain technology, the new platform is designed to be intuitive and easy to use. Polygon CEO Ryan Wyatt thinks his company can be a leader in the Web3 music revolution.
Ryan stated:
“Web3 has the power to transform the music industry for both artists and fans. The way that we own and experience music is evolving. By fully embracing decentralized technologies and collectibles, this exclusive partnership between Polygon, LGND, and WMG represents an exciting milestone for the music industry. Polygon is proud to be powering this innovative initiative that will elevate music ownership and bring more music lovers and artists to Web3.”
According to a press statement from Warner Music Group. LGND Music will support several blockchains, allowing users to store and trade collectibles from any blockchain. Users will be able to play their newly acquired digital treasures, sometimes known as “Virtual Vinyls,” using an LGND proprietary player, and they will also benefit from the aforementioned advantages of the Polygon network, such as speedier transactions and cheaper gas prices.
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