Each year, entertainment giant, Disney, selects a few companies for the Disney Accelerator program. The program is built to highlight upcoming technological innovations and provide each with the ideal expertise and resources needed to excel.
After announcing their metaverse push earlier this year, Disney has opted to center their 2022 Accelerator program around web3. “This year’s Disney Accelerator class is focused on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.” Besides three of the six companies focused on building web3 (and two narrowed in on AI and AR) Disney has chosen to bring Polygon to the 2022 event, citing the project’s scalable network and versatility.
Polygon is a Layer 2 sidechain that allows for cheaper and faster transactions. As Ethereum grows in popularity, network fees sometimes become an issue, with users often paying high fees to have a transaction go through. By bridging your crypto to Polygon, users can utilize Ethereum’s benefits in a cost-efficient way. With Polygon being the only blockchain selected for the Disney’s program, Ryan Wyatt, the CEO of the company took to Twitter. “It speaks volumes to the work being done here, and where we’re going as a company.”
We were the only blockchain selected.
It speaks volumes to the work being done here, and where we’re going as a company.
— Ryan Wyatt (@Fwiz) July 13, 2022
While Polygon’s call to the Accelerator Program is a feat on its own, the blockchain has recently caused waves within web3. The company has partnered with global names such as Adobe, Coca-Cola, Meta, Reddit, Bentley, and much more, leaving many wondering where the future of blockchain lies.
Polygon stays winning. Latest partnerships:
1. Disney (accelerator program)
2. Reddit (avatar marketplace)
3. Draft Kings (NFT marketplace)
4. Meta (avatar marketplace)
5. Stripe (global payments)
Polygon is in a position to capture outsized scalable solutions market share.
— Degentraland (@Degentraland) July 13, 2022
Polygon has continued to build and expand during the bear market, causing a bullish sentiment to circle the network. Whether Polygon continues to work with household names and expand its blockchain is still to be seen. However, from what’s been achieved so far, there is no sign of the network slowing down.