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Polygon MATIC MATICUSDT Disney

Why Disney Chose Polygon For Its Accelerator Program

Reynaldo Marquez
by Reynaldo Marquez
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum’s second layer solution Polygon has been selected to participate in an exclusive entrepreneurial program. Launched by The Walt Disney Company, the blockchain-based project is this year’s only crypto company selected to participate in the 2021 Disney Accelerator Program.

Related Reading | KuCoin CEO Refutes Massive Layoff Rumors Instead Plans To Hire More Staff

This initiative will provide six companies with the opportunity to receive mentorship, investment capital, and access to a co-working space at Disney’s creative campus. Therein, participants will be guided and will be able to learn from top Disney executives.

The company claims the Accelerator Programs selects companies in line with their innovative values and projects with the potential to disrupt the entertainment industry. Disney gave importance to non-fungible tokens (NFTs) in its selection process, according to the announcement.

The Accelerator Program will take place during this year’s summer until October at the Walt Disney Studios lot in California. Polygon might receive additional support and mentorship from external business leaders, entrepreneurs, and investors “from the entertainment and technology communities”.

Polygon will be joined by Flickplay, a Web3 social app that connects users via NFTs and Augmented Reality (AR); Inworld, a company to create AI-driven interactive characters; Obsess, a platform to launch an e-commerce platform with “immersive 3D virtual stores”, and other innovative companies.

Bonnie Rosen, General Manager of the Disney Accelerator Program said the following about the initiative:

For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future (…).

Polygon Expands, Consolidates Major Partnerships

The Disney Accelerator Program has supported important companies across multiple sectors. This includes video games platform Epic Games, Samba TV, Uncharted, Ubiquity6, Statmuse, Tyffon, SnowShoe, Sidelines, Hoodline, and others. Rosen added:

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.

Ryant Wyatt CEO at Polygon Studios, the developer arm for the project launched with the mission to bridge Web2 with Web3, said the following celebrating the announcement:

The hits keep on comin’! Polygon has been invited to Disney’s prestigious Accelerator program. We were the only blockchain selected. It speaks volumes to the work being done here, and where we’re going as a company.

In addition to its future collaboration with Disney, Polygon has been attracting attention due to its major partnership with companies such as Reddit, Meta, and Stripe. As Bitcoinist reported, Reddit will launch a native NFT marketplace on this blockchain.

Related Reading | Crypto Firm WhaleFin Seals $42m Kit Deal With Spanish Soccer Giant Atletico Madrid 

At the time of writing, MATIC trades at $0.5 with a 4% profit in the last 24 hours and a 15% profit in the past weeks. The partnerships and announcements seem to be having a positive impact on MATIC’s price.

MATIC Polygon MATIC
MATIC’s price trends to the downside on the 4-hour chart. Source: MATICUSDT Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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