Polygon Chosen for Disney Accelerator Program

Key Takeaways

  • The Walt Disney Firm has introduced that Polygon will happen in its accelerator program this 12 months.
  • Polygon will obtain management and mentorship from Disney; it’s going to additionally take part in an on-site Demo Day.
  • Flickplay and Lockerverse, two different corporations with a deal with NFTs, will take part in this system as properly.

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The Walt Disney Firm has chosen Polygon to participate in its accelerator program, in line with a press release.

Polygon Will Attend Demo Day

Blockchain agency Polygon is one in all six corporations that can participate in Disney’s accelerator program this 12 months.

This system will see Disney present steerage from its management crew and supply a devoted mentor. Every participant may even attend a Demo Day at Walt Disney Studios in Burbank, California.

Ryan Watt, CEO of Polygon Studios, noted that Polygon was “the one blockchain chosen” to participate in this system. He added that this “speaks volumes to the work being accomplished [at Polygon], and the place we’re going as an organization.”

Along with being the one blockchain chosen, Polygon is a number one blockchain venture in its personal proper. The corporate’s MATIC token is presently the 18th largest cryptocurrency available on the market, boasting a market cap of $4.61 billion.

Disney didn’t say why it’s involved in Polygon however drew consideration to its Web3 options—implicitly, its skill to combine cryptocurrency transactions with net purposes.

Two Different Members Give attention to NFTs

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

Although there is no such thing as a indication that these efforts will evolve into a long-lasting relationship, Disney is clearly involved in NFTs. The corporate has launched a number of traces of NFTs in partnership with the digital collectibles market Veve since 2021.

Moreover, former Disney CEO Bob Iger has recommended that NFTs have “extraordinary” potential for Disney because of its giant variety of mental properties.

Whereas the above accelerator members are concerned with blockchain and NFTs, the remaining three corporations are extra broadly concerned in “metaverse” applied sciences.

These three corporations—Crimson 6, Obsess, and Inworld—are centered on augmented actuality and synthetic intelligence.

Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different cryptocurrencies.

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