Disney selected Polygon for its support program for start-ups

The Polygon (MATIC) team joined Disney’s support program along with five other projects, including three Web3-related projects. The latter will benefit from the expertise of the entertainment giant to facilitate its development.

Disney has played the role of teacher for some starters

Disney Accelerator is a type of business incubator supported by the Disney Group. Its stated purpose is to help technology innovators bring their new media entertainment experience projects to life.

This year, his projects focus on virtual and augmented reality, as well as the metaverse. Applications opened on April 22 and closed on May 13, 2022.

The first edition of the Disney Accelerator Program was held in 2014. The program provides grantees with mentorship from the Disney Accelerator team and technology and entertainment leaders. Also, the Disney management team itself will give them some advice.

Participants will also receive additional capital funding and access to coworking spaces at Walt Disney Park in Los Angeles.

Disney’s goal is to provide leverage to growth stage projects through its accelerator. They benefit from the advice of the management team as well as dedicated teachers. It’s an all-summer getaway that culminates in a day of demonstration at Walt Disney Studios in Burbank, California.

“For nearly a century, Disney has been at the forefront of using technology to create the fun experiences of the future. Disney Accelerator is excited to be part of that legacy, and in our new class of business, we look forward to continuing our commitment to innovation. »

However, we don’t know how extensive the Polygon project is in relation to Disney. Although this is likely to be related to the experience of games, metaverse and non-fungible tokens (NFT). The Polygon Studio division is really focused on this branch of our ecosystem.

Aside from being the only selected blockchain, Polygon itself is a major blockchain project. The company’s MATIC token is the 18th largest cryptocurrency on the market, with a market capitalization of $ 4.61 billion.

Disney focuses on NFTs and the Metaverse

Polygon, formerly known as the Matic Network and renamed in 2021, is a second layer scalability, interoperability, and cost protocol for building Ethereum-enabled blockchains.

Polygon is trying to fix some known issues with Ethereum. Among them, we often cite poor user experience, low transaction speed and high transaction fees.

In other words, Polygon’s goal is to grow Ethereum into a so-called “multi-chain” platform. Its main component is the Polygon SDK, a flexible and modular framework that supports the creation of many types of applications.

Thus, Polygon developers would not be direct competitors to the blockchain, but would prefer to “connect themselves” to its network (Ethereum) to improve the entire ecosystem, especially the user experience.

Disney, for example, was already with Epic Games in the previous session. In deploying these 6 projects, we also found three other startups directly or indirectly related to Web 3.0.

Among other select projects, Obsess allows you to create 3D virtual stores, FlickPlay allows you to create immersive NFT experiences by connecting NFTs to real geographical locations and finally, the Lockervese project was presented as a Web3 platform for content creators.

This choice by Disney is perfectly in line with their project to create the future of immersive experiences thanks to new technologies such as artificial intelligence, NFTs and augmented reality.

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