Polygon selected to participate in Disney’s 2022 Accelerator Program

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Layer-2 scaling platform Polygon has been chosen to partake in Disney’s 2022 Accelerator Program to construct on Polygon’s Web3 expertise, which is able to begin this week.

The Ethereum scaling platform is one in every of six initiatives to be accepted into the Accelerator Program, which is targeted this yr on augmented actuality (AR), nonfungible tokens (NFTs) and synthetic intelligence (AI), according to a press release from The Walt Disney Firm on Wednesda.

Polygon CEO Ryan Watt famous on Wednesday that Polygon was “the one blockchain chosen” to Disney’s prestigious Accelerator program.

He added that being chosen “speaks volumes to the work being completed [at Polygon], and the place we’re going as an organization.”

Purposes for the accelerator program started on April 22, with functions closed on Could 13, 2022. On the time, Disney stated the accelerator could be trying to entice “growth-stage firms with a imaginative and prescient for making an affect on the way forward for expertise and leisure.”

Two different Web3 initiatives had been chosen this yr as properly, together with Flickplay, a Web3 utility that enables customers to find NFTs through augmented actuality (AR), and Lockerverse, a Web3 storytelling platform that connects creators and types.

Different firms embrace AR firm Purple 6, 3D digital e-commerce firm Obsess and AI-powered digital character creation firm Inworld.

Disney’s accelerator program was first launched in 2014, this system permits contributors to obtain mentorship from the Disney Accelerator Workforce and steering from Disney’s personal management group itself.

Contributors will reportedly even be supplied with extra funding capital and have entry to co-working area at Walt Disney’s Los Angeles campus. This system will conclude with an on-campus Demo Day.

Polygon, as soon as generally known as the Matic Community, is an interoperability-focused blockchain framework with a collection of scalability instruments used to construct Ethereum-compatible decentralized functions (DApps). Polygon’s scalability options have been constructed to handle the constraints of the Ethereum mainnet, akin to sluggish transaction velocity (TPS) and excessive transaction charges.

Associated: Even with Ethereum 2.0 underway, L2 scaling continues to be key to DeFi’s future

Following the information, Polygon (MATIC) elevated 16% during the last 24 hours.

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