Polygon Labs and Warner Music Group have revealed the inaugural recipients of their Web3 Music Accelerator program, a venture aimed at furthering innovation within the music industry.

Launched in June 2023, this initiative seeks to encourage technological advances at the crossroads of Web3 and music.

A staggering 120 applications were submitted for the program, highlighting the growing interest in leveraging blockchain for the music industry.

The winning projects were selected based on criteria including the cultivation of artist-fan communities, decentralised music production and distribution systems, ticketing solutions, merchandising, and the integration of music with interactive technology and gaming.