Mastercard launches Web3 music accelerator by dropping special access NFTs Mastercard nonfungibletoken NFT
- Mastercard continues to delve deeper into the world of blockchain technology and cryptocurrencies with the release of a non-fungible token to officially kick off the launch of its Web3 music program for emerging musicians.
“Through the end of the month, music and Web3 fans will be able to redeem Mastercard Music Pass NFT, that leverages Mastercard’s design principles as well as its sonic melody to compose a striking digital collectible,” the press release said. “Through this initiative, created together with blockchain developer Polygon, Mastercard seeks to take advantage of Web3 technologies to educate and get more people on board with the digital transformation happening in music.
The Mastercard Artist Accelerator looks to leverage Web3 technologies to help create “exclusive, inclusive and scalable experiences for fans and artists alike.” As part of the accelerator’s launch, Mastercard has selected five up-and-coming artists to chronicle their journey in the program. “The artists will be guided by five expert mentors as they experience the AI music studio -powered by Warpsound- to jumpstart their content creation, receive mentorship and gain tips and tricks in using blockchain to monetize their work and build a community of fans, all in the Web3 environment,” the announcement said.
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