Mastercard recently launched a limited-edition Mastercard NFT at NFT.NYC 2023. This starts its Web3 music plan for new musicians. The Mastercard Music Pass NFT lets people join the Mastercard Artist Accelerator. Created with Polygon, this platform has free educational materials, AI tools, and resources to help musicians grow their careers.
Helping Artists with Blockchain and Web3 Technologies
Mastercard has worked with the blockchain community in many areas, like crypto payments and the metaverse. The Artist Accelerator wants to use Web3 technologies to make memorable, inclusive, and scalable experiences for fans and artists. Raja Rajamannar, Mastercard’s top marketing and communications officer, discusses helping people understand and trust blockchain and digital assets.
Rajamannar said, “As a company, we hope to help people and partners worldwide better understand and trust how blockchain and digital assets are used – and how our technology can support the ecosystem. We also believe that Web3 can be a powerful tool in connecting people and building communities around shared universal passions.”
Mastercard’s Artist Accelerator Program
Mastercard has been a steadfast patron of the music sector, contributing to events such as the GRAMMY Awards®, Latin GRAMMY Awards®, BRIT Awards, and the inaugural Sonic Latin America Music Festival in the metaverse.
Furthermore, the Mastercard Artist Accelerator aims to equip up-and-coming musicians with the necessary resources and skills to flourish in this technology-driven age. The program, accessible through the Mastercard Music Pass, offers limitless opportunities for music enthusiasts and Web3 fans to engage with the platform.
Mastercard chose five new artists to join the program during the accelerator’s launch. They are Young Athena, Manu Manzu, LeriQ, Emily Vu, and Cocoa Sarai. 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 the blockchain to monetize their work and build a community of fans.
Mastercard’s Artist Accelerator program demonstrates the company’s commitment to empowering emerging musicians by leveraging Web3 technologies and blockchain. As artists learn to navigate the digital landscape and monetize their work effectively, they can build thriving careers and contribute to the ever-evolving world of music and technology.
The Artist Accelerator aims to harness the power of Web3 technologies to create exclusive, inclusive, and scalable experiences for both fans and artists. It also seeks to help people understand and trust blockchain and digital assets.
Participating artists will be mentored by experts and guided through the AI music studio, powered by Warpsound. They will kickstart their content creation, learn blockchain monetization techniques, and build a community of fans within the Web3 environment.
Mastercard’s Accelerator music program is an initiative that uses a limited-edition non-fungible token (NFT), called the Mastercard Music Pass, to provide access to the Mastercard Artist Accelerator platform. This platform offers free educational materials, AI tools, and resources to help aspiring musicians advance their careers.
Mastercard believes that education is crucial for artists to build skills, innovate, understand business-building, and expand their networks. By investing in education, Mastercard aims to increase individuals’ chances of success and contribute to the growth of the creator economy as a whole.