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Polygon Among Five Other Companies to Participate in Disney’s 2022 Accelerator Program

should I buy Polygon crypto
should I buy Polygon crypto

Polygon, an Ethereum-based Layer-2 scaling solution, has been selected to participate in Disney’s 2022 Accelerator program. It is the only blockchain project chosen by Disney for the program, along with five other web3 projects selected to participate.

Disney announced this partnership in a press release. And Polygon took it to Twitter to share the news of this new partnership in a tweet that read “Raise your hand if you remember your first Disney experience like yesterday”.

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Who’s Participating in the Program?

The Disney Accelerator program, launched in 2014, is a business and development program intended to increase the growth of companies around the globe. The applications for this year began on April 22 and were live until May 13.

The focus for this year is scaling innovation in technologies like augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI). The participation of Polygon particularly focuses on augmented reality (AR) NFT and AI.

As per Disney, the program is intended to attract “growth-stage companies with a vision for making an impact on the future of technology and entertainment.”

Polygon is only one of the six participants in the Accelerator program 2022. The other participants are listed below.

  • Flickplay, a web3 social media app.
  • Artificial Intelligence platform, Inworld.
  • Obsess, an e-commerce platform.
  • Lockverse, a web3 storytelling platform.
  • And Red 6, an augmented reality company.

Through this program, participants can receive mentorship from the Disney Accelerator team and Disney’s own leadership team as well. Each participant will also get guidance from a dedicated executive mentor.

The participants will also receive investment capital and access to co-working spaces at the creative campus in Los Angeles.

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Disney has said that it will continue to work with many such companies over the years; and develop new technologies to connect physical, digital and virtual experiences.

General Manager at the Disney Accelerator program, Bonnie Rosen, commented on the same saying “For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future. The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years.”

The event will be concluded on Demo Day- to be taking place at The Walt Disney Studios lot in Burbank, California.

Appreciating the work the team has done, Ryan Wyatt said in a tweet, “It speaks volumes to the work being done here, and where we’re going as a company.”

Keeping Up With Polygon

Polygon is a technology platform that enables blockchain networks to connect and scale. The project was initially launched under the name Matic, in 2017. The name was changed to Polygon last year.

Along with being a technology platform, it is also a cryptocurrency, represented by the token name MATIC. The token price rose to more than 20% in response to the news, currently trading at $0.62.

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The company has partnered with the new phone company, Nothing, recently. They’ve been working together for months and intend to bring web3 technology to mobile users. It has also taken on close to 50 projects that withdrew from the Terra ecosystem.

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