Sunday, October 1, 2023
HomeUpcoming NFTMastercard Picks Polygon (MATIC) for NFT-Based Artist Accelerator Program By DailyCoin

Mastercard Picks Polygon (MATIC) for NFT-Based Artist Accelerator Program By DailyCoin

© Reuters. Mastercard Selects Polygon (MATIC) for NFT-Based Artist Accelerator Program

Financial giant Mastercard (NYSE:) has teamed up with Polygon (MATIC) to launch the Mastercard Accelerator Program for up-and-coming artists. This was revealed last weekend at the Consumer Electronics Show 2023 in Las Vegas, Nevada. Additionally, Mastercard plans to roll out his program with a list of gigs in the Metaverse in Spring 2023, so the Artist Accelerator invites music fans to join in on the experience with their favorite artists.

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Web3 Art Incubator Empowers Artists

First, five selected artists can participate in the Mastercard Accelerator. Lucky winners can try Web3 tools to advance their music careers. For example, emerging artists can create their own music NFTs and sell them to their fans. NFTs are often used as intellectual property in the music industry, so lucky musicians can sell their songs without paying commissions to middleman distribution services like Major’s label or her DistroKid. can.

Additionally, Polygon Studios CEO Ryan Watts is pleased to provide opportunities for future artists looking to pursue a career in music with the help of blockchain technology. He said:

“Web3 has the potential to empower new types of artists, grow fan bases, make a living and introduce new mediums for self-expression and connection on their own terms.”

Polygon shines in partnership news

Popular altcoin MATIC soars 6.8% following CES 2023 news. At the time of writing, the 10th largest currency he trades at $0.868087. coin gecko.

Designed as a scaling solution for (ETH), MATIC has become a leader in adoption in the retail industry. The carbon-neutral blockchain recently won deals with Starbucks (NASDAQ:), Coca-Cola (NYSE:) and Disney. Ultimately, Polygon’s long list of partnerships shows that most established retail brands trust him.

on the flipside

  • Despite having a relatively successful year, Polygon (MATIC) lost 56.5% of its market value due to a harsh crypto winter.

why you should care

The music industry’s monopoly has resulted in significant backlash from the music artist community over the years. A deliberate lack of connection is just the tip of the iceberg. Blockchain-based decentralization can solve one of the biggest challenges in the modern music industry.

Details of the Music and Web3 collaboration:

Deadmau5 Launches Elynxir NFT Game As Part Of Music Metaverse

Fans Flock to Decentraland: Is the Metaverse Music Festival Worth the Virtual Sweat?

Watch the original on DailyCoin

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