Global payments giant Mastercard is increasing its exposure to blockchain technology once again, after announcing a Polygon-based accelerator program to help musicians build their careers via Web3.
The firm announced the "Mastercard Artist Accelerator" program via a January 7 blog post, sketching which starting this spring will connect five emerging musicians from around the world with mentors who will help them build their brand in the music space Web3.
"Artists will gain exclusive access to special events, music releases and more. A one-of-a-kind curriculum will teach artists how to build (and own) their brand through Web3 experiences like coining NFTs, representing themselves on virtual worlds. and establish an engaged community," the post read.
The program will culminate in a livestreamed artist showcase later in the year.
We are excited to grow our musical footprint with the launch of the #Web3Mastercard Artist Accelerator, announced today in #CES! The new platform will help emerging artists to pursue their passion and accelerate their music careers. https://t.co/ckwiqCV3Ob
โ Mastercard News (@MastercardNews) January 6, 2023
Mastercard is also launching a collection of non-fungible tokens (NFTs) called the "Mastercard Music Pass" for those who are not selected for the program. The goal is to provide hodlers with educational materials and "unique resources" through brand collaborations to help budding musicians learn about the Web3 integrations with the music industry.
Commenting as part of the announcement, Polygon Studios CEO Ryan Watt noted that โWeb3 has the potential to empower a new type of artist who can grow a fan base, earn a living, and introduce novel media for self-expression. and hookup on your own terms. ."
Polygon seems poised to become a hub for music-related Web3 projects. On Dec. 6, Cointelegraph reported that global entertainment giant Warner Music Group had partnered with Polygon Studios and e-commerce and interactive platform developer LGN.io, to build a Web3 music platform called LGND Music.
The platform is scheduled to launch later this month and will allow users to stream music and collect and trade music NFTs.
Related: Mastercard Adds 7 Blockchain Startups to Its Cryptocurrency Accelerator
Mastercard has been actively fostering its involvement in the blockchain and crypto sectors. In January 2022, Mastercard joined forces with Coinbase to allow the use of Mastercard cards to buy NFTs on the Coinbase marketplace.
In mid-October 2022, Mastercard partnered with Paxos to allow banks to offer cryptocurrency trading and related services to their customers.
While in that same month, Cointelegraph also reported that Mastercard had launched a crypto fraud protection tool Enabling banks to find and prevent fraud on crypto trading platforms within their network.
Post navigation
