Polygon Joins Disney’s Accelerator Program Focusing on NFTs, AI and AR

In Brief:

1. Disney has invited Polygon to participate in its 2022 Accelerator Program, focusing on NFTs,AR, AI and building the metaverse.

2. Polygon is the only blockchain project selected in a list of six.

Polygon is Selected for Disney 2022 Accelerator Program

The Walt Disney Company hasn’t yet made any crypto play of its own. But now it has multiple crypto companies in its accelerator program.

Disney announced the participants of its 2022 Accelerator Program on Wednesday, and leading Web3 company Polygon is among them. Ethereum scaling tool Polygon is continuing to scale its Web3 infrastructure via this new project with the media and entertainment giant Disney.

Disney says participants will be provided with investment capital, access to co-working space at the entertainment giant’s creative campus in Los Angeles, and mentor support and guidance from Disney executives, entrepreneurs, investors, and business leaders from the entertainment and technology fields.

The accelerator is open to venture-backed, growth-stage startups with a vision for impacting the future of technology and entertainment. Disney says that this year’s accelerator class will focus on building the future of immersive experiences through technologies like non-fungible tokens (NFTs), augmented reality (AR) and artificial intelligence (AI) .

Polygon Studios CEO Expresses Optimism on the Program’s Future

Polygon Studios CEO, Ryan Wyatt, pointed out that Polygon was the only blockchain project selected by Disney. According to Mr. Wyatt, it speaks volumes about the work being done at Polygon and where the project is heading. He shared his insights into Polygon being picked by Disney for its Accelerator program through the tweet:

“The hits keep on comin’!

We were the only blockchain selected.”

Formerly known as Matic Network and rebranded in 2021, Polygon is a scaling and interoperability framework for building Ethereum-compatible blockchains that seek to address some of Ethereum’s significant limitations, such as limited throughput and poor user experience.

Joining Polygon in this year’s class are Web3 social media app Flickplay, artificial intelligence platform Inworld, Web3 storytelling platform Lockerverse, augmented reality company Red 6, and Obsess, an “experimental” e-commerce platform. The program kicks off this week.

2022 Disney Accelerator Participants Announced

A total of six companies have been selected by Disney and are as follows:

1. Polygon– a scalable blockchain for developers to build Web3 experiences.
2. Flickplay – a Web3 social app allowing users to discover NFTs tied to real-world locations.
3. Inworld – which allows users to create interactive AI-driven characters.
4. Lockerverse – a Web3 Platform that empowers creators and brands to tell culture-defining stories.
5. Obsess – an e-commerce platform that allows brands to create 3D virtual stores.
6. Red 6 – an augmented reality company that has created a patented headset and interface that works outdoors.

The Accelerator program will start this week and connect its participants with ‘the creativity, imagination, and expertise of Disney.’ Each participating company will receive guidance and mentorship from senior leadership at Disney.

Disney is Committed to Leveraging Technology to Build the Entertainment Experiences of the Future

Bonnie Rosen, General Manager of the Disney Accelerator program, explained that the accelerator program is in tune with the company’s mission of using technology to build future entertainment experiences. He said:

“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.”

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