Cointime

Download App
iOS & Android

Mastercard Taps Polygon for Web3 Musical Artist Accelerator Program

Mastercard is launching a spotlight program for emerging musical artists built on the Polygon blockchain to help up-and-coming creators tap into the power of Web3 and blockchain technologies.

Kicking off in spring 2023, the Mastercard Artist Accelerator program will prepare five emerging artists—such as musicians, DJs, producers—with the tools, skills, and access to forge their own musical paths in the digital economy. The artists will gain exclusive access to special events, music releases and more. A first-of-its-kind curriculum will teach the artists how to build (and own) their brand through Web3 experiences like minting NFTs, representing themselves in virtual worlds and establishing an engaged community.

Raja announced the Mastercard Artist Accelerator program from the stage at the Consumer Electronics Show in Las Vegas with Polygon Studios. Mastercard, a sponsor of the GRAMMY Awards®, Latin GRAMMY Awards® and BRIT Awards, is leveraging Web3 technologies to create exclusive, inclusive and scalable experiences for fans and artists alike. In June 2022, the brand even launched its first-ever album, “Priceless.”

The network, one of the greenest blockchains in existence, is home to tens of thousands of decentralized apps powered by a suite of Polygon solutions, including music platforms Royal, StemsDAO and Bolera.

Comments

All Comments

Recommended for you

  • Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.

     Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio.
  • Lead Bank raises $70 million at a $1.47 billion valuation

    Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base.
  • Crypto trading platform OrangeX completes $20 million Series B funding

    cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion.
  • BONK Treasury Company Safety Shot Completes US$30 Million in Financing

    On August 25th, BONK treasury company Safety Shot announced the completion of a $30 million financing round, led by FalconX. The transaction includes a direct issuance of approximately $5 million in cash and a simultaneous private placement of $25 million, paid in BONK tokens by BONK founding members.
  • Commission-free trading platform Midas secures $80 million in funding at a valuation of nearly $1 billion

    according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion after its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for funding for a Turkish financial technology company. This round of funding was led by QED Investors, with additional investors including the International Finance Corporation (IFC) and existing investors Spark Capital. With this, Midas' total funding has reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS, and is seen as the Turkish version of the "Robinhood" trading platform.
  • August 19th Midday Update: Key Developments at a Glance

    7:00-12:00 Keywords: SoftBank, Intel, Federal Reserve
  • AI-native platform Sola completes $17.5 million Series A funding round, led by a16z

    AI native platform Sola completed a $17.5 million Series A financing round, led by a16z. Sola uses AI robots to automate workflows. Their agents observe how users perform tasks on the screen and can automatically handle these tasks even in traditional tools without APIs or integrations.
  • Web3 payment infrastructure company Transak completes $16 million in financing

    Web3 payment infrastructure company Transak has announced the completion of a new round of financing of $16 million, led by IDG Capital and Tether, with Primal Capital, 1kx, Protein Capital, and Fuel Ventures participating. Transak plans to use this funding to expand its stablecoin payment stack and enter new markets.
  • Crypto exchange Bit2Me secures €30 million in funding led by Tether Ventures

    Tether, through its subsidiary Tether Ventures, led a 30 million euro financing for the Spanish cryptocurrency exchange Bit2Me, acquiring a minority stake. Bit2Me has been authorized by the Spanish securities regulator, becoming the first Spanish financial technology company to obtain an EU MiCA license, and plans to use this round of funding to expand its presence in the Latin American market, with a focus on expanding its business in Argentina. Existing shareholders include large Spanish institutions such as Telefónica, BBVA, and Unicaja. The specific shareholding ratio and valuation of the transaction were not disclosed.
  • AI-native ERP platform Rillet completes $70 million in Series B funding

    artificial intelligence native ERP (Enterprise Resource Planning) platform Rillet announced today that it has completed a $70 million Series B financing round, led by Andreessen Horowitz (a16z) and ICONIQ, with participation from Sequoia Capital, Oak HC/FT, and other early investors. Andreessen Horowitz General Partner Alex Rampell and ICONIQ General Partner Seth Pierrepont will join the board of directors.