In Brief
Mastercars and Polygon announce the launch of a web3 music-themed accelerator
The program will provide access to music industry experts and web3 innovators
Artists will have the opportunity to apply in the spring of this year.
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One of the largest payment providers, Mastercard, partners with the Ethereum scaling blockchain ecosystem, Polygon, to launch a web3 artist accelerator. The upcoming program aims to teach the participants how to own and monetize their content using blockchain technology.
The accelerator will provide emerging artists access to web3 innovators and music industry experts. The “teachers” will guide the musicians through the path of web3, help them get necessary blockchain-related skills, and learn how to use web3 tools. During the acceleration program, artists will discover how to develop a web3 community, mint an NFT, and represent their works in virtual worlds.
According to the official website of the accelerator, the artist engagement will start in the spring of this year, but neither Mastercard nor Polygon has shared the exact dates yet. However, artists that wish to participate in the accelerator can subscribe to the program’s updates on the official website.
On a side note, the companies will also release limited-edition Mastercard Music Pass NFTs. The tokens will grant holders access to exclusive education materials, music web3 tools, and physical and digital experiences.
In 2022, several noted companies introduced their web3-themed accelerator programs. In October, well-known venture fund Andreessen Horowitz announced its Crypto Startup School. The program focuses on different steps of building a crypto startup, from protocol design to go-to-market.
In July, luxury fashion retailer Farfetch partnered with Outlier Ventures VC to introduce a fashion-themed acceleration program dubbed Dream Assembly Base Camp.
The Walt Disney Company also launched its themed accelerator. The program is focused on immersive experiences and advanced technologies, such as AR, NFTs, and AI.
Read more about web3 accelerators:
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