Mastercard companions with Polygon to launch Web3 musician accelerator program


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International funds big Mastercard is ramping up its publicity blockchain tech but once more, after saying a Polygon-based accelerator program to assist musicians construct their careers through Web3.

The agency introduced the “Mastercard Artist Accelerator” program through a Jan. 7 weblog publish, outlining that from this spring, it’s going to join 5 rising musicians from throughout the globe with mentors that may  assist them arrange their brand in the Web3 music space.

“The artists will acquire unique entry to particular occasions, music releases and extra. A primary-of-its-kind curriculum will train the artists how one can construct (and personal) their model via Web3 experiences like minting NFTs, representing themselves in digital worlds and establishing an engaged neighborhood,” the publish reads.

This system will culminate with a live-streamed artist showcase later within the yr.

Mastercard can be launching a non-fungible token (NFT) assortment known as the “Mastercard Music Go” for people who aren’t chosen for this system. The goal is to offer hodlers with academic supplies and “distinctive sources” via model collaborations to assist budding musicians be taught concerning the Web3 integrations with the music sector.

Commenting as a part of the announcement, Polygon Studios CEO Ryan Watt famous that “Web3 has the potential to empower a brand new sort of artist that may develop a fanbase, make a residing, and introduce novel mediums for self-expression and connection on their very own phrases.”

Polygon appears to be like primed to develop into a hub for music associated Web3 initiatives. On Dec. 6, Cointelegraph reported that international leisure big Warner Music Group had partnered with Polygon Studios and e-commerce and interactive platform builder, to construct a Web3 music platform known as LGND Music.

The platform is slated to launch later this month and can enable customers stream music and gather and commerce music NFTs.

Related: Mastercard adds 7 blockchain startups to its crypto accelerator

Mastercard has been actively furthering its involvement within the blockchain and crypto sectors. In January 2022, Mastercard joined forces with Coinbase to allow using Mastercard playing cards for buying NFTs on Coinbase’s market.

In mid-October 2022, Mastercard partnered with Paxos to permit banks to supply cryptocurrency buying and selling and associated companies to their clients. 

Whereas in that very same month, Cointelegraph additionally reported that Mastercard had launched a crypto fraud protection tool enabling  banks to seek out and stop fraud on crypto service provider platforms inside its community.