Saturday, July 30, 2022

Polygon Chosen for Disney Accelerator Program

Polygon is the only fully-fledged blockchain job picked for the program.

Key Takeaways

  • The Walt Disney Company has actually revealed that Polygon will occur in its accelerator program this year.
  • Polygon will get management and mentorship from Disney; it will likewise take part in an on-site Demo Day.
  • Flickplay and Lockerverse, 2 other business with a focus on NFTs, will get involved in the program.

The Walt Disney Company has actually picked Polygon to participate in its accelerator program, according to a news release

Polygon Will Attend Demo Day

Blockchain company Polygon is among 6 business that will participate in Disney's accelerator program this year.

The program will see Disney offer assistance from its management group and provide a devoted coach. Each individual will likewise participate in a Demo Day at Walt Disney Studios in Burbank, California.

Ryan Watt, CEO of Polygon Studios, kept in mind that Polygon was "the only blockchain picked" to participate in the program. He included that this "speaks volumes to the work being done [at Polygon], and where we're going as a business."

In addition to being the only blockchain picked, Polygon is a leading blockchain job in its own. The business's MATIC token is presently the 18 th biggest cryptocurrency on the marketplace, boasting a market cap of $4.61 billion.

Disney did not state why it has an interest in Polygon however accentuated its Web3 functions-- implicitly, its capability to incorporate cryptocurrency deals with web applications.

Two Other Participants Focus on NFTs

Two other blockchain-related business were chosen. Flickplay, a social media platform for video NFTs, and Lockerverse, an online e-commerce platform that has actually submitted NFT-related hallmarks, will get involved in the accelerator.

Though there is no sign that these efforts will progress into an enduring relationship, Disney is plainly thinking about NFTs. The business has actually launched numerous lines of NFTs in collaboration with the digital antiques market Veve given that 2021.

Additionally, previous Disney CEO Bob Iger has actually recommended that NFTs have "amazing" capacity for Disney thanks to its a great deal of copyrights.

While the above accelerator individuals are included with blockchain and NFTs, the staying 3 business are more broadly associated with "metaverse" innovations.

Those 3 business-- Red 6, Obsess, and Inworld-- are concentrated on enhanced truth and expert system.

Disclosure: At the time of composing, the author of this piece owned BTC, ETH, and other cryptocurrencies.

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