Polygon makes it into Disney’s Web3 accelerator program

Polygon, an India-based blockchain firm, is one among six firms chosen to be part of the Disney Accelerator program, which is focused on Web3 business development.

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Polygon enables the Ethereum blockchain to handle many more transactions than the latter was originally designed to.

Disney invited applications from venture-backed, growth-stage startups exploring improvements in tech and entertainment. Accepted firms are involved in augmented reality, non-fungible tokens, and AI. Disney’s program will give them investment capital and assist in networking.

Participants will also get the chance to interact with the US-based media giant’s executives and have a dedicated executive mentor. The startups can also access the entertainment firm’s co-working space in California.

Disney Accelerator has 54 companies in its portfolio, including Sphero, Byju’s, Emotiv, and Kahoot.

Here are the particpants for the latest cohort:

• Polygon: a scalable blockchain network for building experiences on Web3
• Flickplay: a Web3 social app for real world-connected NFTs offering augmented reality experiences
• Inworld: allows creation of interactive, AI-driven characters .
• Lockerverse: a Web3 platform for storytelling
• Obsess: an experiential e-commerce platform that allows an immersive 3D shopping experience
• Red 6: an AR company with patented headset and interface that works outdoors

See also: How Polygon puts India at the heart of the crypto world