Layer-2 scaling platform Polygon has been selected to partake in Disney’s 2022 Accelerator Program to construct on Polygon’s Web3 expertise, which can start this week.
The Ethereum scaling platform is one in every of six tasks to be accepted into the Accelerator Program, which is concentrated this yr on augmented actuality (AR), nonfungible tokens (NFTs) and synthetic intelligence (AI), in accordance to a press release from The Walt Disney Company on Wednesda.
Polygon CEO Ryan Watt famous on Wednesday that Polygon was “the only blockchain selected” to Disney’s prestigious Accelerator program.
The hits carry on comin’!@0xPolygon has been invited to @Disney’s prestigious Accelerator program.
We have been the one blockchain selected.
It speaks volumes to the work being achieved right here, and the place we’re going as an organization.
“It’s kind of fun to do the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) July 13, 2022
He added that being selected “speaks volumes to the work being done [at Polygon], and where we’re going as a company.”
Applications for the accelerator program started on April 22, with functions closed on May 13, 2022. At the time, Disney stated the accelerator could be trying to appeal to “growth-stage companies with a vision for making an impact on the future of technology and entertainment.”
Two different Web3 tasks have been selected this yr as effectively, together with Flickplay, a Web3 utility that permits customers to uncover NFTs through augmented actuality (AR), and Lockerverse, a Web3 storytelling platform that connects creators and types.
Other firms embrace AR firm Red 6, 3D digital e-commerce firm Obsess and AI-powered digital character creation firm Inworld.
Disney’s accelerator program was first launched in 2014, this system permits individuals to obtain mentorship from the Disney Accelerator Team and steerage from Disney’s personal management group itself.
Participants will reportedly even be supplied with further funding capital and have entry to co-working house at Walt Disney’s Los Angeles campus. The program will conclude with an on-campus Demo Day.
Polygon, as soon as generally known as the Matic Network, is an interoperability-focused blockchain framework with a set of scalability instruments used to construct Ethereum-compatible decentralized functions (DApps). Polygon’s scalability options have been constructed to tackle the constraints of the Ethereum mainnet, equivalent to sluggish transaction velocity (TPS) and excessive transaction charges.
Related: Even with Ethereum 2.0 underway, L2 scaling continues to be key to DeFi’s future
Following the information, Polygon (MATIC) elevated 16% over the past 24 hours.