Layer-2 scaling platform Polygon has been chosen to partake in Disney’s 2022 Accelerator Program to originate on Polygon’s web3 technology, which can initiate this week.
The Ethereum scaling platform is one of six initiatives to be permitted into the Accelerator Program, which is centered this year on augmented actuality (AR), non-fungible tokens (NFTs), and man-made intelligence (AI), consistent with an announcement from The Walt Disney Firm on July 13.
Polygon CEO Ryan Watt noted on Wednesday that Polygon develop into “the one real blockchain chosen” for Disney’s prestigious Accelerator program.
— Ryan Wyatt (@Fwiz) July 13, 2022
He added that being chosen “speaks volumes to the work being done [at Polygon], and where we’re going as a firm.”
Applications for the accelerator program started on April 22, with applications closed on Might well maybe well 13, 2022. At the time, Disney stated the accelerator shall be taking a witness to plot “growth-stage companies with a vision for making an influence on the long bustle of technology and entertainment.”
Two a style of Web3 initiatives had been chosen this year as well, alongside Flickplay, a web3 application that permits users to review non-fungible tokens (NFTs) through augmented actuality (AR), and Lockerverse, a web3 storytelling platform that connects creators and producers.
Other companies encompass AR firm Red 6, 3D virtual e-commerce firm Obsess, and AI-powered virtual personality introduction firm Inworld.
Disney’s accelerator program develop into first launched in 2014, this system enables contributors to receive mentorship from the Disney Accelerator Crew and guidance from Disney’s leadership team itself.
Contributors will reportedly additionally be offered extra funding capital and accumulate admission to co-working homes at Walt Disney’s Los Angeles campus. The program will attain with an on-campus Demo Day.
Polygon, once recognized as the Matic Network, is an interoperability-centered blockchain framework with a series of scalability instruments worn to originate Ethereum delight in minded decentralized applications (DApps). Polygon’s scalability alternate strategies had been constructed to address the boundaries of the Ethereum Mainnet, equivalent to insensible transaction trudge (TPS) and excessive transaction charges.
Following the information, Polygon’s native token MATIC increased 16% over the final 24 hours.
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