Polygon is the only blockchain project to have become part of this year’s Disney Accelerator program.
The Walt Disney Company recently announced the participants of the 2022 Disney Accelerator program. Polygon, a layer 2 network on the Ethereum blockchain, earned a place in the well-known list of the company.
The Business Development program is designed to accelerate the growth of innovative and revolutionary companies around the globe. The focus of the selection for 2022 is on companies that want to create immersive experiences using artificial intelligence (AI), non-fungible tokens (NFTs) or augmented reality (AR).
Polygon is represented alongside five other companies. These include Red 6, Obsessive, an e-commerce platform that allows companies to create 3D shops for their website, and Lockerverse, a Web3 startup that wants to push the boundaries of storytelling.
In addition, Flickplay, a company that allows users to find NFTs in the real world using augmented reality (AR), and Inworld, a company that uses AI to create dynamic characters for games, are among the participants in the program.
In a press release, Disney said that the members of the group of participants will receive their own executive mentor and “support from the Disney senior Leadership Team”. The participants will end the mentorship with a presentation day at Walt Disney Studios.
Bonnie Rosen, general manager of the Disney Accelerator program, stated that they are proud to be part of the legacy of using technology to improve the entertainment industry and that they look forward to “fostering commitment to innovation with the latest class of companies”.
Polygon: A picture of BeInCrypto.com
Polygon ecosystem continues to grow
Polygon CEO Ryan Wyatt was thrilled after the announcement and said on Twitter“ “The successes for the company do not subside. It speaks volumes about the work we are doing and where we are developing as a company.“
Previously, Polygon had signed a contract with the popular social network Reddit to host the platform’s NFT avatars. Reddit stated that it was due to the “low-cost transactions and stability guarantees” he chose Polygon.
In addition, Polygon is saving numerous projects of the failed Terra ecosystem, as we already reported. Polygon set up a multi-million dollar crypto fund for this purpose. At the time of this article’s publication, around 50 projects have migrated from the Terra blockchain to the Polygon ecosystem.
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