Polygon was selected on Wednesday, as one of the participants for Disney’s 2022 accelerator program, resulting in an increase of more than 15% of the project’s cryptocurrency MATIC.
Despite the fact that The Walt Disney Company did not announce any of its own crypto projects, the mass media group said that the 2022 accelerator crop will focus on building immersive experiences using technologies such as augmented reality (AR), artificial intelligence (AI), and non-fungible tokens (NFTs),
Among the other participants includes the Web3 social media app Flickplay, Web3 storytelling platform Lockerverse, augmented reality company Red 6, and virtual e-commerce platform Obsess.
Previously known as Matic Network, Polygon is an Ethereum scalability and interoperability platform that makes it possible for developers to build scalable decentralized applications (dApps) with low transaction fees.
It has been announced that Polygon has been selected by social media giant Meta to provide the neccessity NFT support on the Facebook.
Those who become part of Disney’s accelerator participants will not only receive investment capital, they will also gain access to co-working space at Disney’s creative campus in Los Angeles, and mentorship from Disney executives, entrepreneurs, investors and business leaders.
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