Layer-2 scaling platform Polygon has been selected to participate in Disney’s 2022 Accelerator program to build on Polygon’s Web3 technology, which begins this week.
According to a statement from The Vault, the Ethereum scalping platform is one of six projects to be accepted into the Accelerator Program, which this year focuses on Augmented Reality (AR), Non-Fungible Tokens (NFTs) and Artificial Intelligence (AI). Disney Company July 13.
Polygon CEO Ryan Watts noted on Wednesday that Polygon was “the only blockchain selected” for Disney’s prestigious accelerator program.
The hits keep coming!@0xPolygon has been invited to @disneyprestigious accelerator program.
We were the only blockchain chosen.
It speaks volumes about the work being done here, and where we are heading as a company.
“It’s fun doing the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) 13 July 2022
He added that being elected “reveals a lot about the work being done”. [at Polygon]And that’s where we’re headed as a company.”
Applications for the accelerator program began on April 22, with applications closed on May 13, 2022. At the time, Disney said the accelerator wanted to attract “growth-stage companies with a vision to make an impact on the future of technology and entertainment.”
Two other Web3 projects were also selected this year, including Flickplay, a Web3 application that allows users to discover non-fungible tokens (NFTs) through Augmented Reality (AR) and Lockerverse, the Web3 storytelling platform Which connects creators and brands.
Other companies include AR company Raid 6, 3D virtual e-commerce company Obses and AI-powered virtual character creation company Inworld.
Disney’s Accelerator Program First launched in 2014, the program allows participants to receive mentorship from the Disney Accelerator team and guidance from Disney’s own leadership team.
Participants will also reportedly be provided with additional investment capital and access to a co-working space at Walt Disney’s Los Angeles campus. The program will conclude with Campus Demo Day.
Polygon, once known as Matic Network, is an interoperability-focused blockchain framework with a suite of scalability tools used to build Ethereum compatible decentralized applications (DApps). Polygon’s scalability solutions are built to overcome the limitations of the Ethereum mainnet, such as slow transaction speeds (TPS) and high transaction fees.
RELATED: L2 Scaling Still Key to DeFi’s Future Even If Ethereum 2.0 Is Running
Following this news, Polygon’s native token MATIC is up 16% over the past 24 hours.
