Disney is building its future on the Polygon network

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A major development has emerged for the Polygon network as it has been selected to participate in Disney’s 2022 Acceleration Program, which begins immediately.

Polygon, which is a Level 2 scaling platform for Ethereum, is one of six projects accepted into Disney’s Acceleration Program, which this year focuses on augmented reality (AR), non-exchangeable digital assets (NFT) and artificial intelligence (AI), according to a statement from The Walt Disney Company.

RELATED: Polygon (MATIC) welcomes projects from the Terra ecosystem

A choice that speaks for itself

Polygon CEO Ryan Watt noted that Polygon was “the only blockchain chosen” to participate in Disney’s prestigious program, adding that this choice “speaks for itself about the work being done at Polygon and where we are going as a company.”

Applications for the accelerator program had opened on April 22 and closed on May 13, 2022. At the time, Disney said the program would attract “growth-stage companies with a vision to impact the future of technology and entertainment.”

The other Web3 projects selected

Two other Web3 projects were selected to participate in the project, the Flickplay which is a Web3 application that allows users to discover NFT through augmented reality (AR) and Lockerverse, a Web3 storytelling platform that connects creators and brands.

Other companies that have joined the project include AR Red 6, Obsess, which focuses on 3D virtual e-commerce, and artificial intelligence virtual character creation company Inworld.

The project has been running since 2014

Disney’s accelerator program was first launched in 2014 and allows participants to receive guidance from the Disney team.

Participants will reportedly receive additional investment capital and access to space on Walt Disney’s Los Angeles campus. The program will conclude with a demonstration day on campus.

The Polygon

Polygon, once known as the Matic Network, is an interoperability-focused blockchain, with a suite of scalability tools used to create decentralized Ethereum-compatible applications (DApps). Polygon’s scalability solutions are built to address the limitations of the Ethereum network, such as transaction speeds (TPS) and high transaction fees.

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