Polygon to feature in Disney’s 2022 Accelerator program

Layer-2 scaling platform Polygon has been selected to participate in Disney’s 2022 Accelerator Program to build on Polygon’s web3 technology, which will start this week.

Disney’s Accelerator program and Polygon

As per the statement from The Walt Disney Company on July 13. The Ethereum scaling platform is one of 6 projects to be taken into the Accelerator Program, which is focusing this year on augmented reality (AR), NFTs (Non-fungible tokens), and Artificial intelligence (AI).

Polygon CEO Ryan Watt stated on Wednesday that Polygon was the only blockchain selected for Disney’s prestigious Accelerator program.

He added that being picked speaks volumes about the work being done at Polygon, and where they are heading as a company.

Applications for the accelerator program started on April 22, with applications closed on May 13, 2022. At the time, Disney conveyed that the accelerator would be looking to lure growth-stage companies with a vision for driving an impact on the future of technology and entertainment.

Two other Web3 projects were appointed this year as well, including Flickplay, a web3 application that lets users discover NFTs through augmented reality (AR), and Lockerverse, a web3 storytelling platform that links creators and brands.

Additional companies include AR company Red 6, 3D virtual eCommerce company Obsess, and AI-powered virtual character creation company Inworld.

Disney’s accelerator program was launched in 2014, the program permits participants to acquire mentorship from the Disney Accelerator Team and guidance from Disney’s own leadership team itself.

Participants will reportedly also be equipped with additional investment capital and have access to co-working space at Walt Disney’s Los Angeles campus. The program will end with an on-campus Demo Day.

Polygon, onetime known as the Matic Network, is an interoperability-focused blockchain framework with a suite of scalability tools utilized to build Ethereum-compatible decentralized applications (DApps). 

Polygon’s scalability solutions have been formed to address the constraints of the Ethereum Mainnet, such as slow transaction speed (TPS) and high transaction fees.

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