A new Web3 incubator aims to open up opportunities for the next generation of digital creatives. MATIC becomes the technical partner of an important collaboration.
Mastercard has partnered with Polygon Network to create a new Web3 incubator. This will enable the development of new blockchain-based projects.
Polygon Studios has partnered with Mastercard, a leading payment processor, and card scheme operator.
Polygon partners with Mastercard to create a Web3 incubator to help artists. This incubator will provide resources and support for artists who want to develop decentralized applications (DApps) using the Ethereum blockchain.
The collaboration between the two teams will accelerate the progress of the newly launched Web3 incubator announced at CES 2023 on Friday.
Mastercard's Web3 Incubator is designed to offer Web3 artists the opportunity to interact with their fan bases in a new, interactive way. This allows artists to optimize their revenues and promote new mainstream products.
Raja Rajamannar, Mastercard's Chief Marketing, and Communications Officer, said the company will support the incubators with marketing and technical advice.
The goal of the Emerging Artists Web3 Music Program is to provide emerging artists with the tools and skills they need to thrive in the digital music economy. The program provides access to experts and innovators in the field who will guide artists throughout the program and beyond on how to incorporate Web3 into their work.
Participants in Mastercard's Web3 incubator will learn how to shape their content and offer it as NFTs, build large and passionate communities, present themselves in the digital world, and so on.
Mastercard is expanding its bet on blockchain and the metaverse. The Company invests in startups that develop technologies that improve how consumers and businesses interact.
Polygon is the technical partner for the new program due to its impressive scaling performance and previous experience working with leading Web3 brands.
Polygon, a subsidiary of Mastercard, has announced that it will increase its presence in the Web3 segment. The company hosted the first Grammy event with Roblox in the specially created Metaverse, demonstrating its commitment to this growing industry.
In October 2022, the company also launched a cryptocurrency program for institutions together with Web3 payment processor Paxos Global.
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