Polygon to develop NFT for Disney

Polygon is a popular Layer-2 scaling platform that is going to partake in Disney’s 2022 Accelerator Program. In the following program, Polygon will become the “underlying” for the upcoming NFTs, and AR technology that Disney develops.

According to a statement from the Walt Disney Company, Polygon is one of the six projects that Disney has accepted in its accelerator program. This year’s accelerator program is mostly focused on augmented reality (AR), nonfungible tokens (NFTs) and artificial intelligence (AI).

CEO of Polygon Ryan Watt commemorated his firm’s latest achievement.

Application for the accelerator program began on April 22 and closed on May 13. During that time, Disney stated that the accelerator program is looking for “growth-stage companies with a vision for making an impact on the future of technology and entertainment”.

Besides Polygon, Disney has selected two more Web3-based projects, Flickplay and Lockerverse. Flickplay is a Web3 application allowing users to discover NFTs via augmented reality (AR). On the other hand, Lockerverse is a Web3 storytelling platform connecting creators and brands.

The other three companies selected are Red6, an AR company, Obsess, a 3D virtual e-commerce company, and Inworld, an AI-powered virtual character creation company.

Disney started the accelerator program in 2014 and offers participants mentorship from the Disney Accelerator Team. Participants also receive guidance from Disney’s own leadership team.

Finally, Participants receive additional investment capital and access to co-working space at Walt Disney’s Los Angeles campus.

Following the news, Polygon’s native token, MATIC has increased 16% in the last 24 hours. As of writing, MATIC trades at $0.621 per token.

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