Ethereum scaling solution Polygon nominated to participate in Disney’s 2022 Accelerator Program

Ethereum scaling solution Polygon has been nominated to participate in Disney’s Accelerator Program to further Polygon’s development of Web3 experiences.

Layer-2 scaling platform Polygon has been selected to participate in Disney’s 2022 Accelerator Program to build on Polygon’s web3 technology, which will commence this week.

The Ethereum scaling platform is one of six projects to be acknowledged into the Accelerator Program, which is fixated this year on augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI), according to The Walt Disney Company on July 13.

Polygon CEO Ryan Watt claimed on Wednesday that Polygon was “the only blockchain selected” to Disney’s prestigious Accelerator program.

He also added that being nominated “speaks volumes to the work being done [at Polygon], and where we’re going as a company.”

Applications for the accelerator program began on April 22 and closed on May 13, 2022. Disney said the accelerator would be looking to attract “growth-stage companies with a vision for making an impact on the future of technology and entertainment.”

Two other Web3 projects were also nominated this year as well, including Flickplay, a web3 application that permits users to discover non-fungible tokens (NFTs) via augmented reality (AR), and Lockerverse, a web3 storytelling platform that ties creators and brands.

Other companies include AR company Red 6; 3D virtual eCommerce company Obsess and AI-powered virtual character creation company Inworld.

First launched in 2014, Disney’s accelerator program, allows participants to receive mentorship from the Disney Accelerator Team and guidance from Disney’s own leadership team itself.

Applicants will reportedly also be provided with additional investment capital and have access to co-working space at Walt Disney’s Los Angeles campus. The program will conclude with an on-campus Demo Day.

Once known as the Matic Network, Polygon is an interoperability-focused blockchain framework with a suite of scalability tools used to build Ethereum-compatible decentralized applications (DApps).  Polygon’s scalability solution has been constructed to address the boundaries of the Ethereum Mainnet, such as slow transaction speed (TPS) and high transaction fees.