Layer-2 scaling platform Polygon continues to be selected to take part in Disney’s 2022 Accelerator Program to construct on Polygon’s web3 technology, that will commence now.
The Ethereum scaling platform is among six projects to become recognized in to the Accerator Program, that is focused this season on augmented reality (AR), non-fungible tokens (NFTs) and artificial intelligence (AI), based on a statement in the Wally Disney Company on This summer 13.
Polygon Chief executive officer Ryan Watt noted on Wednesday that Polygon was “the only blockchain selected” to Disney’s esteemed Accelerator program.
The hits continue comin’!@0xPolygon continues to be asked to @Disney’s esteemed Accelerator program.
I was the only real blockchain selected.
It speaks volumes towards the work being carried out here, where we’re going like a company.
“It’s type of fun to complete the impossible.” – Wally Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) This summer 13, 2022
He added that being selected “speaks volumes towards the work being carried out [at Polygon], where we’re going like a company.”
Applications for that accelerator program started on April 22, with applications closed on May 13, 2022. At that time, Disney stated the accelerator could be searching to draw in “growth-stage companies having a vision to make an effect on the way forward for technology and entertainment.”
Two other Web3 projects were selected this season too, including Flickplay, a web3 application that enables users to uncover non-fungible tokens (NFTs) via augmented reality (AR) and Lockerverse, web3 storytelling platform that connects creators and types.
Others include AR company Red 6, 3D virtual ecommerce company Obsess and AI-powered virtual character creation company Inworld.
Disney’s accelerator program was initially launched in 2014, this program enables participants to get mentorship in the Disney Accelerator Team and guidance from Disney’s own leadership team itself.
Participants will apparently also discover additional investment finance and get access to co-working space at Wally Disney’s La campus. This program will conclude by having an on-campus Demo Day.
Polygon, once referred to as Matic Network, is definitely an interoperability-focused blockchain framework having a suite of scalability tools accustomed to build Ethereum compatible decentralized applications (DApps). Polygon’s scalability solutions happen to be built to deal with the constraints from the Ethereum Mainnet, for example slow transaction speed (TPS) and transaction charges.
Related: Despite Ethereum 2. going ahead, L2 scaling continues to be answer to DeFi’s future
Following a news, Polygon’s native token MATIC elevated 16% during the last 24 hrs.
