Polygon selected for Disney’s accelerator program

MATIC, the native token of Polygon, shot up over 15% on the news. 
Polygon selected for Disney’s accelerator program

Ethereum scaling solution Polygon is among the six companies selected for The Walt Disney Company’s “Disney Accelerator”. The leading Web3 company made the announcement over Twitter on Wednesday. 

Disney Accelerator is “a business development program designed to accelerate the growth of innovative companies from around the world”. This year’s edition focuses on start-ups working in the sphere of futuristic technologies, including augmented reality (AR), artificial intelligence (AI) and non-fungible tokens (NFTs).

Selected companies will receive investment capital, co-working space at Disney’s creative campus in Los Angeles, and guidance from Disney’s leadership team, including a dedicated senior mentor. 

“For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future”

said Bonnie Rosen, General Manager of the Disney Accelerator program. 

“The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years.”

Apart from Polygon, the other companies selected for the 2022 edition include Flickplay – a web3 social media platform, Inworld – an AI tool for building characters, Lockerverse – a Web3 storytelling platform, Obsess – a 3D virtual store building tool, and Red 6 – an AR company that has a patented headset.  

In the past, Disney Accelerator has supported companies like EpicGames – the creator of Fortnite, Uncharted, Statmuse, Ubiquity6, and others. 

Polygon is the only blockchain company selected among the six companies. Ryan Wyatt, CEO at Polygon Studios, expressed his excitement on Twitter. 

Polygon has been making great strides recently after some significant partnerships with leading firms like Meta, Stripe, and Reddit, which has plans to launch its NFT marketplace on Polygon. 

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James Satoshi
James Satoshi
James is a leader in Web3, NFTs, & DeFi with over 4 years of experience in the industry. You'll spot him covering all topics through-out Coinmash in our guides and analysis sections.