Polygon joins Disney’s accelerator programme

Walt Disney announced that Layer-2 Ethereum scaling platform Polygon has been chosen to join its new 2022 ‘Accelerator Program’ among five other companies. This makes Polygon the only blockchain selected for the programme. 

The Accelerator Program is a business and development program designed to accelerate the growth of innovative companies worldwide. It also focuses on developing technologies that would bolster the new wave of immersive experiences, including augmented reality (AR), NFTs and artificial intelligence (AI) characters. 

Throughout the program, Polygon, along with the five other firms, including Web3 projects Flickplay, ockerverse, Red 6, Obsess and Inwold, will receive expert guidance from Disney’s senior leadership team, and an executive mentor. 

Finally, Disney will be provided with bonus investment funds and gain access to the coworking space at Walt Disney’s Los Angeles campus. 

Polygon’s native coin MATIC has been rising approximately 70% in the past week following Disney’s announcement that it has selected the only blockchain to join its Accelerator program. 

The Accelerator Program was first launched in 2014 to offer participants mentorship from the Disney Accelerator Team and its leadership team.

Polygon is known as a carbon-neutral Layer 2 interoperability-focused blockchain with scaling tools to build decentralized apps (DApps) on the Ethereum network. It is a popular solution to resolving the slow transaction speed and high gas fees of the Ethereum network in the Web3 ecosystem.

Three months ago, Polygon released its ‘Green Manifesto’ and in it vowed to become the world’s first ‘climate-positive’ blockchain and will achieve the status through tracking every single transaction in 2022 and offset their energy output. Polygon CEO Ryan that being selected to join the Accelerator Program ‘speaks volumes to the work being done [at Polygon], and where we’re going as a company.’

Photo: Walt Disney