Polygon has made it into Disney’s 2022 Accelerator Program as the only blockchain company selected. While it is certainly a win for the platform, it could also rub off on the entire crypto industry.
The Walt Disney Company announced the participants of the 2022 Disney Accelerator with Polygon, a Layer-2 blockchain network on Ethereum, earning itself a place in the prestigious list.
The business development program was made to speed up the growth of innovative and revolutionary companies around the globe. The 2022 cohort has a keen focus on firms creating immersive experiences using artificial intelligence (AI), non-fungible tokens (NFTs), or augmented reality (AR).
Polygon stands alongside five other companies including Red 6, Obsess, an e-commerce platform that allows companies to create 3D stores for their website, and Lockerverse, a Web3 startup pushing the frontiers of storytelling.
Others participants selected include Flickplay, a company that enables users to find NFTs in the real world using AR, and Inworld, a firm using AI to create dynamic characters for gaming.
The hits keep coming for Polygon
Polygon’s CEO Ryan Wyatt was excited following the announcement, saying that “the hits keep on coming” for the company. “It speaks volumes to the work being done here, and where we’re going as a company,” he wrote on Twitter.
The Layer-2 solution had previously snagged a deal with Reddit, the popular social network, to host the platform’s NFT avatars. Reddit noted that Polygon was selected because of the “low-cost transactions and stability guarantees,” with the move triggering whale activity on the blockchain.
Firms stand to gain decades of experience
According to a press release, Disney disclosed that members of the cohort will receive a dedicated executive mentor and “guidance from Disney’s senior leadership team.” Participants will end the mentorship with a Demo Day at the Walt Disney Studios to wrap up the series of events lined up for the companies.
Bonnie Rosen, General Manager of the Disney Accelerator program, noted that it was proud to be a part of the legacy of using technology to improve entertainment and looks forward to “furthering the commitment to innovation” with the newest class of companies.
Walt Disney’s leadership team has an impressive lineup, with Bob Chapek as CEO steering the company to record impressive revenues north of $67 billion in the last year.
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