Polygon Picked by Walt Disney to Participate in Its Accelerator Program

Ethereum layer-2 scaling answer Polygon is one among six corporations that can participate in Disney’s accelerator program this 12 months. This system will see Disney present steerage from its management staff and supply a devoted mentor. Every participant may also attend a Demo Day at Walt Disney Studios in Burbank, California. Ryan Watt, CEO of Polygon Studios, famous that Polygon was “the one blockchain chosen” to participate in this system. He added that this “speaks volumes to the work being executed [at Polygon], and the place we’re going as an organization.”

Along with being the one blockchain chosen, Polygon is a number one blockchain challenge in its personal proper. The corporate’s MATIC token is at the moment the sixteenth largest cryptocurrency available on the market, boasting a market cap of $5.17 billion (roughly Rs. 41,385 crore).

Disney didn’t say why it’s interested by Polygon, however drew consideration to its Net 3 options—implicitly, its capacity to combine cryptocurrency transactions with internet functions.

Two different blockchain-related corporations had been chosen. Flickplay, a social media platform for video NFTs, and Lockerverse, a web-based e-commerce platform that has filed NFT-related logos, will take part within the accelerator as effectively.

Although there isn’t any indication that these efforts will evolve into a long-lasting relationship, Disney is clearly interested by NFTs. The corporate has launched a number of strains of NFTs in partnership with the digital collectibles market Veve since 2021.

Moreover, former Disney CEO Bob Iger has steered that NFTs have “extraordinary” potential for Disney due to its massive variety of mental properties.

Disney says members will probably be supplied with funding capital, entry to co-working area on the leisure big’s inventive campus in Los Angeles, and mentor assist and steerage from Disney executives, entrepreneurs, traders, and enterprise leaders from the leisure and know-how fields.

The accelerator is open to venture-backed, growth-stage startups with a imaginative and prescient for impacting the way forward for know-how and leisure.