Polygon Gets Selected For Disneys 2022 Accelerator Program

Polygon, a Layer-2 scaling platform, has been chosen to participate in Disneys 2022 Accelerator Program, which will begin soon. This historic development indicates that despite the ongoing bear market, institutional interest in crypto remains high. As such, the Ethereum scaling platform is among six projects accepted into the Accelerator Program this year, which primarily focuses on AR, NFTs, and AI.

Whats there to know?

Polygon CEO Ryan Watt announced last week that although other projects were selected, Polygon was in fact the only blockchain chosen for Disneys prestigious Accelerator program. The programs application period began on April 22nd, with a deadline of May 13th, 2022. At the time, Disney stated that the accelerator would seek growth-stage companies with a vision for impacting the future of entertainment and technology.

The program was launched in 2014 and participants can receive mentorship via the Disney Accelerator Team. Disney has always been at the forefront of the entertainment industry, so being able to work with them speaks volumes about Polygons true value, according to Ryan.

A much-needed win?

As previously mentioned, although we are still very much in a bear market, the interest in the crypto and blockchain space has not wavered at all, quite the opposite. As the inevitable Web3 era draws closer, many top projects will have to show real value if they want to survive long-term, and Polygon working alongside Disney would hence certainly be considered as a big win for the company in this regard.

Moreover, those taking part in the program shall also reportedly receive additional investment capital as well as co-working space at Walt Disneys L.A. campus. The program will eventually conclude with a Demo Day on campus. Since the announcement, MATIC also experienced a considerable increase, with Polygon enthusiasts hoping that this could be the start of a potential recovery for the cryptocurrency.

Flickplay, a Web3 application which enables users to discover NFTs through AR capabilities, and Lockerverse, a Web3 storytelling platform which connects brands and creators, were also chosen this year. Some of the other selected companies included the AR-based startup Red 6, the 3D virtual e-commerce startup Obsess, and the AI-powered digital character creation startup Inworld.