The Layer 2 Scaling Platform Polygon has been selected to participate in Disney’s 2022 Accelerator Program to develop Polygon’s Web3 technology, which will begin this week.
The Ethereum scaling platform is one of six projects accepted into the Accelerator Program, which this year focuses on augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI).according to a statement from The Walt Disney Company on Wednesday.
Polygon CEO Ryan Watt noted Wednesday that Polygon was “the only blockchain selected” for the prestigious Disney Accelerator program.
The hits keep on comin’!@0xPolygon you have been invited to @Disney‘s prestigious Accelerator program.
We were the only blockchain selected.
It speaks volumes to the work being done here, and where we’re going as a company.
“It’s kind of fun to do the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) July 13, 2022
The hits keep coming: @0xPolygon has been invited to the prestigious @Disney Accelerator program. We have been the only blockchain selected. This says a lot about the work that is being done here, and where we are going as a company.
“It’s fun to do the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
He added that being selected “says a lot about the work that is being done [en Polygon]and where we are going as a company.”
Applications for the acceleration program began on April 22, and applications closed on May 13, 2022. At that time, Disney said the accelerator would seek 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 app that allows users to discover NFTs through augmented reality (AR); and Lockerverse, a storytelling platform from Web3 that connects creators and brands.
Other companies include AR company Red 6, 3D virtual e-commerce company Obsess, and AI-powered virtual character creation company Inworld..
The Disney Accelerator Program first launched in 2014, allowing participants to receive mentorship from the Disney Accelerator team and guidance from Disney’s own leadership team..
Reportedly, Participants will also receive additional investment capital and access to co-working space on the Walt Disney campus in Los Angeles. The program will conclude with a Demo Day on campus.
Polygon, formerly known as the Matic Network, is an interoperability-focused blockchain framework with a set of scalability tools used to build Ethereum-compatible decentralized applications (DApps). Polygon scalability solutions have been built to address the limitations of the Ethereum mainnet, such as slow transaction speeds (TPS) and high transaction rates..
Following the news, Polygon (MATIC) is up 16% in the last 24 hours.
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