Polygon joins Disney Accelerator
According to a statement from the Walt Disney Company, the Ethereum Polygon expansion platform is one of six projects accepted into the Accelerator program aimed at building and further developing Polygon's Web3 experience.
Raise your hand if you remember your first Disney experience like it was yesterday 🙋🏻♀️ #disneyfeels
We are excited to announce that Polygon has been chosen to be a part of the Disney Accelerator program 🎉https://t.co/hk6gZziy8X
— Polygon – MATIC 💚 (@0xPolygon) July 13, 2022
Polygon, formerly known as the Matic Network, is a blockchain framework focused on interoperability with the extended toolkit used to build decentralized applications (DApps) compatible with Ethereum. Polygon's scalability solutions have been built to address Ethereum's limitations, such as slow transaction speeds (TPS) and high transaction fees.
Polygon CEO Ryan Watt emphasized that Polygon is the "only blockchain of choice" for Disney's Accelerator program.
Prior to the disney accelerator, Polygon (MATIC) is up 16% in the last 24 hours.
Projects in disney accelerator
Disney's Accelerator program was first launched in 2014, allowing participants to receive mentorship and guidance from Disney's own leadership team from executives to investors in the entertainment and technology sectors. Participants will also be provided with additional capital and access to co-working space at Walt Disney's Los Angeles campus.
In 2022, applications for the Accelerator program begin rolling out on April 22 and close on May 13. Disney said the Accelerator program will seek to attract "companies that are at a growth stage with a vision to make an impact on the future of technology and entertainment."
Two other Web3 projects were also selected in 2022, including Flickplay, a Web3 app that allows users to explore NFT through augmented reality (AR), and Lockerverse, a Web3 storytelling platform that connects creators and brands.
Other companies include AR Red 6, 3D e-commerce company Obsess and AI platform Inworld.
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