MasterCard has announced the 7 artists who will participate in the Web3 accelerator program on Polygon, a leading Ethereum scaling platform. The selected artists, chosen from over 300 applications, will receive funding, mentorship, and resources to create innovative Web3 projects that leverage MasterCard’s latest digital infrastructure. The accelerator aims to boost the adoption of blockchain technology and cryptocurrency in the arts and culture industry. This move is part of MasterCard’s larger push towards Web3 technologies and collaborations as the company continues to expand its offerings in the digital asset space.
MasterCard has recently announced the artists who will be participating in Polygon’s Artist Accelerator program. These include Manu Manzo from Venezuela and Young Athena while the remaining three are yet to be revealed. Polygon aims to discover five promising artists through the program and provide them with the tools they need to excel in the music industry. The Web3 program empowers artists by equipping them with information and connections that they need to transition to Web3 from Web2.
The news of these developments also boosted Covo Finance, a liquidity pool and decentralized exchange developed on Polygon, by 235%. COVOLP, the innovative liquidity pool, allows users to trade crypto directly from their wallets without using custodial services. It has witnessed a 235% increase in its Total Value Locked in the past week, which is among the greatest boosts any DeFi ecosystem has gained.
With increasing interest in COVOLP and the growing DeFi trend, Covo Finance’s future appears bright. Polygon’s Web3 program offers a unique curriculum designed to help fans and artists develop their brands through access to necessary resources, tools, and mentorship sessions. Users can also attend educational resources to learn more about Web3 tools.