{"id":19827,"date":"2023-04-13T23:06:28","date_gmt":"2023-04-13T23:06:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mastercard-launches-nfts-to-support-emerging-musicians-through-web3-technologies-blockchain-bitcoin-news\/"},"modified":"2023-04-13T23:06:28","modified_gmt":"2023-04-13T23:06:28","slug":"mastercard-launches-nfts-to-support-emerging-musicians-through-web3-technologies-blockchain-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mastercard-launches-nfts-to-support-emerging-musicians-through-web3-technologies-blockchain-bitcoin-news\/","title":{"rendered":"Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies \u2013 Blockchain Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard\u2019s intent to embrace Web3 technologies.<\/strong><\/p>\n

Mastercard Launches Second NFT Offering<\/h2>\n

In January, Mastercard announced<\/a> its partnership with Polygon to support up-and-coming artists through the Mastercard Artist Accelerator program. During the NFT.NYC conference, the company unveiled NFTs that provide entry to this program. \u201cUntil the end of the month, music and Web3 enthusiasts can redeem Mastercard Music Pass NFT,\u201d the company stated<\/a> on Wednesday.<\/p>\n

When unveiling the music artist program, Mastercard did not reveal the participating musicians, as they had not been chosen yet. The selected artists are R&B soul singer Young Athena, Venezuelan vocalist Manu Manzu, Nigerian-based artist LeriQ, pop sensation Emily Vu, and West Indian hip-hop\/pop-soul artist Cocoa Sarai. Mastercard notes that these artists will receive guidance from five experts and access to an artificial intelligence (AI)-powered music studio by Warpsound.<\/p>\n

\"Mastercard<\/p>\n

\u201c[The artists can] kickstart their content creation, obtain mentorship, and acquire tips for using blockchain to monetize their work and build a fan community within the Web3 environment,\u201d elaborated Mastercard\u2019s announcement. Fans can redeem the Mastercard Music Pass NFT until the end of this month. This marks the company\u2019s second NFT offering since June 2022 when it collaborated<\/a> with Moonpay<\/a>, Nifty Gateway, Candy Digital<\/a>, The Sandbox, Immutable X, Spring, and Mintable to provide NFTs for cardholders.<\/p>\n

Raja Rajamannar, Mastercard\u2019s chief marketing and communications officer and president, stated that the company\u2019s goal is to help people and partners worldwide understand blockchain and digital assets better while also demonstrating how Mastercard technology can support this ecosystem. \u201cWe also believe that Web3 has the potential to powerfully connect people and build communities around shared passions,\u201d added the Mastercard executive.<\/p>\n

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Artificial Intelligence<\/a>, Blockchain<\/a>, Candy Digital<\/a>, cardholders<\/a>, Cocoa Sarai<\/a>, Collaboration<\/a>, Content Creation<\/a>, emerging musicians<\/a>, Emily Vu<\/a>, experts<\/a>, fan community<\/a>, Guidance<\/a>, Immutable X<\/a>, LeriQ<\/a>, Manu Manzu<\/a>, MasterCard<\/a>, Mastercard Artist Accelerator program<\/a>, Mastercard NFT project<\/a>, mastercard nfts<\/a>, mentorship<\/a>, Mintable<\/a>, monetize<\/a>, Moonpay<\/a>, music<\/a>, music pass NFT<\/a>, music studio<\/a>, NFTs<\/a>, Nifty Gateway<\/a>, Nigerian-based artist<\/a>, Non-fungible tokens<\/a>, partnership<\/a>, Payments Giant<\/a>, Polygon<\/a>, pop sensation<\/a>, R&B soul singer<\/a>, Spring<\/a>, The Sandbox<\/a>, Venezuelan vocalist<\/a>, Warpsound<\/a>, web3 technologies<\/a>, Young Athena<\/a><\/div>\n<\/div>\n

What are your thoughts on the use of NFTs to support emerging artists and musicians? Share your opinions in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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