Mastercard Partners with Polygon to launch a Web3 Musician Accelerator Program

The program will help five emerging artists set up and manage their brands in the Web3 space, and is also aimed at educating individuals in the music scene on what roads Web3 tech can offer them.

Global payments giant Mastercard is inclining up its exposure blockchain tech once more, subsequent to reporting a Polygon-based accelerator program to assist performers with building their vocations through Web3.

The firm declared the “Mastercard Artist Accelerator” program by means of a Jan. 7 blog entry, illustrating that from this spring, it will connect five emerging artists from across the globe with mentors that will assist them with setting up their image in the Web3 music space.

“The artists will acquire exclusive access to special events, music deliveries and that’s just the beginning. A first-of-its-sort educational program will show the artists how to fabricate (and own) their image through Web3 encounters like stamping NFTs, addressing themselves in virtual universes and laying out a connected with community,” the post peruses.

The program will culminate with a live-streamed artist exhibit later in the year.

Mastercard is also launching a non-fungible token (NFT) collection called the “Mastercard Music Pass” for those that aren’t chosen for the program. The point is to furnish hodlers with educational materials and “exceptional assets” through brand collaborations to assist sprouting artists learn about the Web3 integrations with the music sector.

Commenting as a feature of the declaration, Polygon Studios CEO Ryan Watt noticed that “Web3 can possibly enable a new kind of artist that can grow a fanbase, get by, and present novel mechanisms for self-articulation and connection in their own specific manner.”

Polygon looks prepared to become a hub for music related Web3 projects. On Dec. 6, Cointelegraph detailed that global diversion giant Warner Music Gathering had collaborated with Polygon Studios and web based business and intelligent platform manufacturer LGN.io, to construct a Web3 music platform called LGND Music.

The platform is slated to launch in the not so distant future and will permit users stream music and collect and trade music NFTs.

Mastercard has been actively furthering its association in the blockchain and crypto sectors. In January 2022, Mastercard combined efforts with Coinbase to empower the utilization of Mastercard cards for buying NFTs on Coinbase’s marketplace.

In mid-October 2022, Mastercard joined forces with Paxos to allow banks to offer cryptocurrency trading and related services to their customers.

While in that same month, Mastercard had launched a crypto misrepresentation security tool empowering banks to find and forestall extortion on crypto shipper platforms inside its network.