A new Web3 incubator is set to unlock unmatched opportunities for the next generations of digital creators. Once again, Polygon Network (MATIC) becomes the technical partner of an important collaboration.

Mastercard Partners with Polygon Network (MATIC) as New Web3 Incubator Gets Started

According to a statement from Polygon Studios CEO Ryan Wyatt, their platform has partnered with Mastercard, a leading payment processor and card systems operator.

We are excited to announce that @0xPolygon is partnering with @MasterCardone of the largest financial payment providers in the world, and is launching a web3-focused incubator to help artists.

Mass adoption of Polygon continues.https://t.co/d5gWHUGai3 pic.twitter.com/c7nO227NSZ

—Ryan Wyatt 💜 (@Fwiz) January 6, 2023

The two teams’ collaboration will drive progress on the recently launched Web3 incubator that was announced at CES 2023 on Friday, January 6.

Mastercard’s Web3 Incubator is set up to give Web3 artists the opportunity to engage with their fan communities in a whole new way. This, in turn, will allow creators to optimize their revenue and promote new top products.

Raja Rajamannar, Mastercard’s director of marketing and communications, noted that Mastercard will also provide incubators with marketing and technical consulting support, TechCrunch says:

The core of this program is to provide emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy. By providing access to experts and innovators in the space, artists will be guided on how to incorporate web3 into their work throughout the program and beyond.

Mastercard Web3 incubator attendees will receive training on how to mint and offer their content as NFTs, create large and passionate communities, represent themselves in the digital world, etc.

Mastercard expands its commitment to blockchain and metaverses

The Polygon (MATIC) platform was chosen as the technical partner for the new program based on its impressive scaling performance and previous experience working with leading Web3 brands.

As previously covered by U.Today, in July 2022, Polygon (MATIC) partnered with Disney Accelerator, a global business development initiative from the media heavyweight.

By joining Polygon, Mastercard reaffirms its commitment to strengthen its presence in the Web3 segment. Previously, the team hosted the first Grammy event with Roblox in the purpose-built metaverse.

It also started a cryptocurrency program for institutions in October 2022 together with the Web3 payment processor Paxos Global.