- This topic is empty.
January 27, 2022 at 1:01 pm #155130AnonymousGuest
Warner Music Group will open a metaverse concert venue and amusement park within The Sandbox.
The label includes imprints like Atlantic and Elektra, and hosts artists such as Ed Sheeran and Lizzo.
Warner Music Group (WMG) is planning a future of virtual concerts within the metaverse, announcing today that it has partnered with upcoming Ethereum game The Sandbox to open a music-themed area within the shared online game world.
The major record label will use its virtual LAND plots in the game to create a space that serves as both a music-centric amusement park and a venue for concerts from its artists. It’s the first such label to secure a location in a metaverse game.
Warner did not disclose which artists will perform and/or appear within The Sandbox. The label has hundreds of total signed artists across its various imprints, including Atlantic, Elektra, Warner Records, and Parlophone, including the likes of Ed Sheeran, Lizzo, Meek Mill, Weezer, and the Red Hot Chili Peppers.
The Sandbox is an Ethereum-based metaverse game that lets players purchase LAND sold as NFT assets, which can then be customized and even monetized within the game. Virtual land sales have accelerated in recent months following Facebook’s big metaverse announcement. During one week in late November, investors purchased more than $100 million worth of virtual land, with the majority of that coming from The Sandbox.
The game’s creators have already partnered with more than 200 brands and celebrities, including Snoop Dogg, The Walking Dead, Adidas, Atari, Steve Aoki, and The Smurfs. The Sandbox will hold a land sale in March to let players purchase land plots adjacent to those belonging to Warner Music Group.
“There’s so much opportunity here,” the chief digital officer and VP of business development at WMG, Oana Ruxandra, told Decrypt via email. Artists could sell NFT collectibles through The Sandbox, for example, including those that unlock access to exclusive benefits or experiences. The representative also mentioned virtual concerts, listening parties, award ceremonies, and other live in-game engagements.
“We’re also looking at things like bespoke experience design and game development,” Ruxandra added, “which will obviously be a more limited opportunity, but a super exciting one.”
Snoop Dogg—who releases albums via his own Doggy Style Records label—has already followed a similar playbook in The Sandbox. He gave away and sold NFT party passes to an upcoming metaverse concert, launched NFT avatars for purchase, and sold LAND plots near his in-game estate. One such plot sold for almost $450,000 worth of cryptocurrency.
Last April, Warner Music Group announced a partnership with Genies, a startup that creates cartoon-like avatars and sells them on Dapper Labs’ Flow blockchain. The alliance will see WMG artists turned into Genies avatars.