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Mastercard has launched a Web3 accelerator program for musicians using the Polygon blockchain.

Beginning in spring 2023, the Mastercard Artist Accelerator will equip five emerging artists, including musicians, DJs, and producers, with the tools, skills, and access to forge their own musical paths in the digital economy.

It will teach artists how to build — and own — their brand through Web3 experiences like coining NFTs, representing themselves in virtual worlds, and establishing an engaged community.

Designed as a space for creators to come together and grow their music communities, Mastercard Artist Accelerator also invites fans to sit at the table. Mastercard Music Pass NFT will give cardholders access to educational materials and experiences, in real life and in the metaverse.

The accelerator was unveiled at the Consumer Electronics Show in Las Vegas with Polygon Studios.

“Web3 has the potential to empower a new type of artist who can grow a fan base, earn a living, and introduce novel means of self-expression and connection on their own terms,” said Ryan Wyatt, CEO of Polygon Studios. .

“The Mastercard Artist Accelerator not only shows the power of brands embracing this new space, but provides tools that can educate consumers on how to get involved. This is an important step forward in opening up the benefits of Web3 to more people.”

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Digital collectibles firm Candy Digital has raised Series A1 funding led by Galaxy Digital and ConsenSys Mesh, with participation from 10T Holdings and ConsenSys. Sports goods company Fanatics divests of its previous 60% majority stake in Candy, which has launched a new partnership with ConsenSys Mesh and ConsenSys, leaders in Ethereum blockchain technology and decentralized protocols.

Mexico’s proposed central bank digital currency (CBDC) is unlikely to meet its 2024 launch date. Announced a year ago, the country’s central bank Banxico is still working through initial legal, administrative and technological requirements for the digital version of the weight.

FTX is trying to recover millions of dollars donated to charities by the collapsed cryptocurrency exchange and its founder Sam Bankman-Fried. Some have voluntarily returned the funds, while others say they have spent them.

Legendary Formula 1 racing team Scuderia Ferrari will end its multi-year partnership agreement with Velas Blockchain, which was set at $30 million a year and aimed to increase fan engagement through NFTs and other initiatives. A RacingNews365 report suggests that Ferrari did not comply with the clauses that allowed Velas to create NFT images.

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The overall market capitalization of the 22,200 coins is $847 billion at the time of writing (7am UK), an increase of 2.8% in the last 24 hours.

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