Announcing an exciting new venture, Mastercard and Polygon unveil their web3-focused accelerator aimed at nurturing artistic talent.

The prominent payment solutions provider Mastercard has partnered with Polygon, the Ethereum-based scaling platform, to initiate a web3 accelerator designed for budding artists. accelerator This upcoming initiative aims to empower participants with the knowledge to own their creative output and monetize their work using blockchain tech.

The accelerator will serve as a gateway for up-and-coming artists to connect with innovators in web3 and experts in the music industry, providing mentorship to navigate the complex realm of web3, equipping them with essential blockchain skills, and teaching them how to leverage various web3 tools. Throughout the program, artists will have the opportunity to build a community on web3, create NFTs, and showcase their creations in virtual environments.

As per the accelerator's official site, engagements with artists are set to begin this spring, although specific dates have yet to be disclosed by Mastercard or Polygon. However, interested musicians can subscribe to receive updates about the program. website . 

Additionally, the companies plan to launch exclusive Mastercard Music Pass NFTs, which will allow token holders to access specialized educational resources, tools for music-related web3, and unique physical and digital experiences.

Last year saw numerous reputable firms unveiling their own web3 accelerator initiatives. Notably, in October, the esteemed venture firm Andreessen Horowitz revealed its program, which encompasses various stages of establishing a crypto startup, from designing protocols to market entry strategies. Crypto Startup School In July, luxury fashion retailer Farfetch collaborated with Outlier Ventures VC to launch a fashion-centered accelerator.

The Walt Disney Company also introduced its own targeted accelerator, focusing on immersive experiences and cutting-edge technologies like augmented reality, NFTs, and artificial intelligence. acceleration program dubbed Dream Assembly Base Camp. 

L’Oréal, Meta, and HEC Paris are collaborating to create a startup accelerator focused on the Metaverse. accelerator Andreessen Horowitz has kicked off a Crypto Startup School, while Farfetch and Outlier Ventures have teamed up to develop a Web3 accelerator aimed at the fashion sector.

Read more about web3 accelerato rs:

• Disney has selected six different accelerators that concentrate on augmented reality, NFTs, and artificial intelligence for their business growth strategies.
• It’s important to note that the content presented on this page is not meant to be, and should not be construed as, professional advice in legal, tax, investment, financial, or any other domain. Investing only what you can afford to lose is crucial, and seeking independent financial guidance is recommended if uncertainties arise. For additional insights, we recommend consulting the terms and conditions along with support resources offered by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting; however, market conditions may evolve without prior notice.
• Valeria is a dedicated reporter for Metaverse Post, focusing on topics such as fundraising, artificial intelligence, the metaverse, digital fashion, NFTs, and all things related to web3.
• Holding a Master’s degree in Public Communications and pursuing a second Major in International Business Management, Valeria spends her leisure time immersed in photography and fashion styling. Her journey in journalism and style began at the tender age of 13 when she launched her first fashion-oriented blog.