Australian Listed Vinyl Group Acquires Polygon Based NFT Platform Serenade Vinyl Group, an Australian-listed music and entertainment company, has entered into a scrip deal to acquire Polygon-based NFT platform Serenade. The deal is valued at $1.6 million. Under the terms of the deal, Vinyl will pay $550,000 in cash upfront and issue up to $1 million in shares that are subject to revenue and other hurdles. As part of the acquisition, key Serenade executives, including the CEO, will join the Vinyl Group team. Serenade is a platform that allows users to create, buy, and sell NFTs. The platform is built on Polygon, a layer-2 scaling solution for Ethereum. The acquisition of Serenade will allow Vinyl Group to expand its offerings into the NFT market. Vinyl Group believes that NFTs have the potential to revolutionize the music industry by allowing artists to sell their work directly to fans and by giving fans a new way to engage with their favorite artists. The acquisition of Serenade is a significant step for Vinyl Group as it looks to expand its business into the digital music market. The company believes that the acquisition will help it to become a leader in the NFT market and to provide artists and fans with new and innovative ways to interact with each other.