Mastercard Partners With Polygon To Launch Web3 Musician Accelerator Program

Mastercard has announced a new partnership with Polygon to launch an accelerator program specifically for Web3 musicians. This is a great opportunity for those in the music industry to get access to the resources and support they need to succeed in the Web3 space. The program will offer mentorship, access to Mastercard’s network, and funding to help participants grow their businesses.

Mastercard, the Global payments company is continuing its exploration of blockchain technology with a new accelerator program that will help musicians build their careers on Web3, announced  as the “Mastercard Artist Accelerator” program, outlining that from this spring that it will connect five emerging musicians from across the globe with mentors to help them establish their brand in the Web3 music space.

“The artists will gain exclusive access to special events, music releases and more. A first-of-its-kind curriculum will teach the artists how to build (and own) their brand through Web3 experiences like minting NFTs, representing themselves in virtual worlds and establishing an engaged community.”

Mastercard is also launching a non-fungible token (NFT) collection called the “Mastercard Music Pass” for those that aren’t selected for the program. The aim 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 sector. Mastercard wants to help ensure that these artists have all the information they need to be successful in the music industry by providing them with resources that they can use to learn about Web3 and how to integrate it into their music.

“Web3 has the potential to empower a new type of artist that can grow a fanbase, make a living, and introduce novel mediums for self-expression and connection on their own terms,” commented CEO Ryan Watt Polygon Studios.

Mastercard has been involved in the web3 space for a while now, first with its Crypto Source project, and more recently with its partnership with Coinbase. Crypto Source is a program designed to help banks offer cryptocurrency services to their customers, and it was unveiled back in October. Then, early in 2022, Mastercard partnered up with Coinbase in order to enable users to buy NFTs with their Mastercard cards through Coinbase’s NFT marketplace.