- Mastercard will build a new Web3 program designed to help underground artists with Polygon.
- A step ahead of Solana, Polygon will pay $3 million for two Solana NFT projects to migrate to its platform.
Mastercard, a leading payment network processor, is entering the Web3 industry with a new and innovative program aimed at empowering artists. To execute its plans and bring its vision to life, Mastercard leverages the Polygon blockchain to support it.
Called the Mastercard Artist Accelerator, the program was created specifically to highlight emerging research. Built on the Polygon Blockchain, the program uses Web3 and blockchain to help artists build their brands.
According to a recent blog post on Polygon’s official website, Photon is scheduled to launch this spring. From DJs to musicians to music producers, he takes on five artists and gives them his set of tools and skills they need to transition into the digital economy.
“Artists will have exclusive access to special events, music releases, and more. The unprecedented curriculum will enable brands to build their brand through Web3 experiences such as creating NFTs, expressing themselves in virtual worlds, and building engaged communities. You can teach artists how to build (and own).” Polygon revealed in a blog post.
Artist fans can also join past forms to learn with the artist. Polygon Studios CEO Ryan Watts talks about the impact Web3 will have on artists’ careers.
“Web3 has the potential to empower new types of artists, grow their fan base, make a living, and introduce new mediums for self-expression and connection on their own terms,” said Ryan Wyatt. said.
Polygon’s involvement with Mastercard certainly brings a lot of publicity to blockchain. This reinforces Ryan Watts’ recent statement of his branding Polygon studios as a funnel for consumer brands looking to make the leap into the Web3 market.
“We’ve built this amazing funnel for our partners to get through and make their onboarding to Polygon really seamless.” Watt added.
Polygon overthrows Solana and welcomes two new immigrants into its chain
Polygon is making rounds in the NFT community after two major NFT projects on Solana’s NFT Marketplace forked into the Polygon network.
Having overthrown rival blockchain Solana, Polygon will soon welcome the fruits of both projects.
DeLabs-built digital art collections DeGods and Yoots announced last December that they would both be moving from Solana to Polygon in the first quarter of 2023.
read more: Solana hit hard as DeGods and Y00ts plan to migrate to Ethereum and Polygon
Disclosing the details behind that decision, project leader Rohun Vora, known as @frankdegods, pointed out that Polygon wired $3 million for the migration.
— Frank III (@frankdegods) January 6, 2023
The payment is expected to help fund the growth of the DeLabs team while also launching larger projects and dominating the market.