Mastercard, the global payments giant, has announced a new accelerator program in collaboration with Polygon, the company behind the popular altcoin MATIC. The program, called the Mastercard Artist Accelerator, will focus on helping emerging musicians develop their careers in the Web3 space.
Details of the “Mastercard Artist Accelerator”.
The “Mastercard Artist Accelerator” will bring together five emerging musicians from around the world with consultants to help them establish their brands in the Web3 music space. The program will offer exclusive access to special events, music releases and more.
It will also teach artists how to build and own their brands through Web3 experiences like printing NFTs, the representation of themselves in virtual worlds and the construction of a committed community.
Mastercard collaboration with Polygon.
Polygon has been chosen as the main network for Web3 projects and has already collaborated with Warner Music Group to create a Web3 music platform called LGND Music. The platform is scheduled to launch later this month and will allow users to stream music, collect and trade music NFTs.
Mastercard’s growing involvement in the crypto and blockchain industries.
Mastercard has been actively advancing its involvement in the crypto and blockchain industries. In January 2022, it partnered with Polygon to enable the use of Mastercard cards to purchase NFTs.. Mastercard has also announced plans to launch its own digital asset platform and is exploring the use of central bank digital currencies for cross-border payments.
Mastercard’s partnership with Polygon and the launch of the “Mastercard Artist Accelerator” demonstrates the company’s commitment to the Web3 space and the potential of blockchain technology to empower a new generation of artists. It will be interesting to see how the program and other Web3 music initiatives from Mastercard and Polygon evolve in the coming months.
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