Blockchain company Polygon is one of six companies that will participate in Disney’s accelerator program this year, according to a press release.
As part of this program, Disney will provide guidance from its leadership team and provide a dedicated mentor. Each participant will also attend a demo day at Walt Disney Studios in Burbank, California.
Ryan Watt, CEO of Polygon Studios, noted that Polygon was “the only blockchain selected” to take part in the program. He added that it “says a lot about the work done [chez Polygon] and where our business is headed“.
We were the only blockchain selected.
It speaks volumes to the work being done here, and where we’re going as a company.
“It’s kind of fun to do the impossible.” – Walt Disney https://t.co/grpPIFz5Tg pic.twitter.com/2NOedF5pUE
— Ryan Wyatt (@Fwiz) July 13, 2022
Besides being the only selected blockchain, Polygon is a top blockchain project in its own right. The company’s MATIC token is currently the 18th largest cryptocurrency on the market, with a market capitalization of $4.61 billion.
Disney didn’t say why it was interested in Polygon, but drew attention to its Web3 features — implicitly, its ability to integrate cryptocurrency transactions into web applications.
Two other participants focus on NFTs
Two other blockchain-related companies have been selected. Flickplay, a social media platform for video NFTs, and Lockerverse, an online e-commerce platform that has registered trademarks related to NFTs, will also participate in the accelerator.
While there’s no indication these efforts will turn into a lasting relationship, Disney is clearly interested in NFTs. Since 2021, the company has launched several lines of NFTs in partnership with digital collectibles marketplace Veve.
Additionally, former Disney CEO Bob Iger suggested that NFTs have potential “extraordinary” for Disney thanks to its large number of intellectual properties.
While the accelerator participants mentioned above are involved in blockchain and NFTs, the other three companies are more broadly involved in blockchain technologies.metaverse“.
These three companies – Red 6, Obsess and Inworld – focus on augmented reality and artificial intelligence.