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Home » Mastercard Drops Free Music Pass NFTs, Launches Web3 Music Accelerator

Mastercard Drops Free Music Pass NFTs, Launches Web3 Music Accelerator

Hania by Hania
April 14, 2023
in NFT News
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Mastercard Drops Free Music Pass NFTs, Launches Web3 Music Accelerator
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The Mastercard Music Pass NFT offers musicians access to the Mastercard Artist Accelerator Program, a program that offers artists tools and resources to boost their Web3 music careers.

The release of non-fungible tokens (NFT) by the credit card corporation Mastercard was announced on Wednesday at NFT.NYC in order to give Web3 musicians access to resources that would boost their careers.

The Mastercard Music Pass NFT is a digital collectable that gives artists access to the Mastercard Artist Accelerator program. It is free to mint and was developed in collaboration with Polygon. The accelerator offers educational tools, and artificial intelligence (AI) technology, along with access to Web3 mentors including artist Latashá and Ledger Chief Experience Officer Ian Rodgers.

Mastercard Drops Free Music Pass NFTs, Launches Web3 Music Accelerator.
source: mastercard.com

These NFTs will be available for collection by Web3 musicians, fans, and enthusiasts through the end of April.

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In a news release, Mastercard’s chief marketing and communications officer and head of the health-care division Raja Rajamannar stated that offering Web3 education is an important motivating factor behind the company’s new NFTs and accelerator program.

“As a company, we hope to help people and partners around the world better understand and trust how blockchain and digital assets are used, and how our technology can support the ecosystem,” Rajamannar added. We also believe that Web3 could serve as a highly effective tool for connecting people and establishing communities around shared passions.

The Mastercard #ArtistAccelerator uses #Web3 music tools like never before. Join and mint your free Mastercard Music Pass #NFT to access exclusive music content and experiences.

Elevating the next generation of music: #priceless.

— Mastercard (@Mastercard) April 12, 2023

Although Mastercard has sponsored the Grammy Awards, Latin Grammy Awards, and Brit Awards in the past, this is the company’s first move that combines music with NFTs. This is not Mastercard’s first foray into NFTs – in June 2022, it allowed cardholders to buy NFTs using fiat under a partnership with payments infrastructure firm MoonPay.

It hasn’t been easy for Mastercard to enter Web3. Satvik Sethi, the NFT head for Mastercard, quit the company in February to “fully immerse” himself in Web3, minting his resignation letter as part of his departure.

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Tags: Mastercard Artist Accelerator programNFTweb3 educationweb3 music
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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