Building on Polygon’s Web3 technology, the layer-2 scaling platform Polygon has been chosen to participate in the 2022 Disney Accelerator Program, which will start this week.
On Wednesday, Ryan Watt, the CEO of Polygon, announced that the platform had been “the only blockchain selected” for Disney’s esteemed Accelerator program.
What is the Disney Accelerator Program?
Disney’s accelerator program was launched in 2014, and members can receive mentorship from the Disney Accelerator Team as well as assistance from Disney’s own leadership team.
According to Disney, the accelerator would seek “growth-stage companies with a vision for making an impact on the future of technology and entertainment.”
The Walt Disney Company on Wednesday said Polygon is one of six companies selected into the Accelerator Program, which is focusing this year on augmented reality (AR), nonfungible tokens (NFTs), and artificial intelligence (AI).
Watt believes being chosen “speaks volumes to work at Polygon and where we’re going as a company.”
Web3 projects onboard
This year, two other Web3 projects were chosen, including Lockerverse, a Web3 storytelling platform that links creators and brands, and Flickplay, a Web3 application that enables users to discover NFTs via AR.
Other companies include Red 6 for augmented reality, Obsess for 3D virtual shopping, and Inworld for AI-driven virtual character development.
According to reports, participants would also receive additional investment funding and have access to co-working space at Walt Disney’s Los Angeles campus. A Demo Day on campus will wrap up the program.
Polygon, formerly known as the Matic Network, is a blockchain framework focusing on interoperability with a suite of scaling tools used to build Ethereum-compatible decentralized apps (DApps). Polygon’s scaling solution were designed to overcome the Ethereum mainnet’s restrictions, including sluggish transaction speed (TPS) and hefty transaction fees.
Polygon (MATIC) gained 16% in the last 24 hours following the announcement.