Polygon selected for the Disney Accelerator Program
Important takeaways
- The Walt Disney Company has announced that Polygon will take place in its accelerator program this year.
- Polygon will receive leadership and mentorship from Disney; it will also attend an on – site demo day.
- Flickplay and Lockerverse, two other companies focusing on NFTs, will also participate in the program.
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The Walt Disney Company has selected Polygon to participate in its accelerator program, according to a press release.
Polygon will participate in the demo day
The blockchain company Polygon is one of six companies that will participate in Disney’s accelerator program this year.
The program will see Disney provide guidance from its management team and offer a dedicated mentor. Each participant will also attend a demo day at Walt Disney Studios in Burbank, California.
Ryan Watt, CEO of Polygon Studios, noticed it Polygon was “the only blockchain selected” to participate in the program. He added that this “speaks volumes about the work being done [at Polygon]and where we are going as a company. “
In addition to being the only blockchain selected, Polygon is a leading blockchain project in itself. The company’s MATIC token is currently the 18th largest cryptocurrency on the market, with a market value of $ 4.61 billion.
Disney did not say why they are interested in Polygon, but drew attention to their Web3 features – implicitly its ability to integrate cryptocurrency transactions with web applications.
Two other participants focus on NFTs
Two other blockchain-related companies were selected. Flickplay, a social media platform for video NFTs, and Lockerverse, an online e-commerce platform that has registered NFT-related trademarks, will also participate in the accelerator.
Although there is no indication that this effort will develop into a lasting relationship, Disney is clearly interested in NFTs. The company has issued several lines of NFTs in collaboration with the digital collector marketplace Veve since 2021.
In addition, former Disney CEO Bob Iger has suggested that NFTs have “extraordinary” potential for Disney thanks to their large number of intellectual properties.
While the accelerator participants above are involved in blockchain and NFTs, the remaining three companies are more broadly involved in “metaverse” technologies.
These three companies – Red 6, Obsess and Inworld – are focused on augmented reality and artificial intelligence.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH and other cryptocurrencies.
