Polygon took to Twitter to share the news of its collaboration with LGND Music and Warner Music. According to the update shared by Polygon, the partnership comes into existence through a multi-year agreement with a core objective of establishing a digital collectible platform. The platform looks to allow users to buy and own a piece of music token.
While the roles of LGND Music and Warner Music are pretty clear, it is important to understand how Polygon comes into the picture. However, moving forward with the partnership, the venture will provide a well-crafted infrastructure to LGND Music.
This infrastructure includes benefits like:-
- Faster transactions
- Lower gas fees
LGND Music will be able to conduct its operations in a sustainable environment as its users enjoy the security and permissionless nature of the collaboration. However, this has made Polygon a leader in the Web3 sphere, as any other platform is yet to deliver an entrance of such a kind.
Followers on Twitter are already hooked on the idea. Some of them have considered this a legendary move, and others have called this a huge win for the wide adoption of Web3 technology.
Polygon is, to a great extent, relentlessly working to implement Web3 space worldwide. The technology is a work in process, waiting for projects to bring their innovations on board. The response has been great due to its open and permissionless nature. Another point that makes this project interesting is that users can buy and own music tokens of their choice even if they are unfamiliar with the collectible.
Polygon describes the entire process of buying and owning a token as seamless and easy-to-use. The project is tentatively scheduled to go live in the first month of 2023 – January. Another collaboration with Spinnin’ Records has been lined-up just ahead of the launch date. Polygon is considering investing a lot of resources in Web3 and truly has the power to bring the much-required transformation in the music industry. Boundless changes are sure to be felt not just by artists but also by their fans.
A hidden advantage awaits the select artists of Warner Music. They can directly connect with the fans to share special experiences and content they have created. Details can be expected to differ from one artist to another. The overall picture is more or less to remain the same across the music industry.
Also, Warner Music artists will have the ability to launch their digital collectibles in the market.
Web3 is bringing Music and other tokens of appreciation for fans and several options for artists to connect with them. LGND Music brings the partnership with Polygon and Warner Music to life via a multi-year agreement with a few long-term objectives that are pre-defined for the future.