Mastercard, in collaboration with Polygon Labs, has announced the launch of a $10 million Web3 incubator to accelerate innovation in blockchain and digital finance. The program will run for six months, supporting up to 20 startups focused on Web3 infrastructure, digital wallets, and secure payment solutions.
🎯 Program Goals
The incubator is designed to attract founders working on DeFi, NFTs, tokenized loyalty programs, and next-generation payment rails. Participants will receive funding, technical support from Polygon, and mentorship from Mastercard’s network of industry experts.
🏦 Corporate Support
Along with Mastercard and Polygon, several venture capital firms and payment processors have joined as strategic partners. This will give startups access to pilot programs with real-world merchants and help them bring their solutions to market faster.
Expected Impact
By combining Mastercard’s global payment expertise with Polygon’s scalable blockchain infrastructure, the program aims to bring secure, compliant, and user-friendly Web3 applications to mainstream audiences. Industry analysts believe this could significantly boost adoption of Layer-2 Ethereum solutions and encourage more enterprises to explore blockchain-based payments.
