Walt Disney Company Goes Big on Web3 and Metaverse

Disney announces the six companies interested in joining the 2022 accelerator.
This year’s theme “Building the Metaverse” focuses on augmented and virtual reality, as well as the metaverse.
Polygon is among the six companies to be joining the Disney accelerator.

This year’s Disney Accelerator class is focused on developing the future of immersive experiences that specializes in augmented reality, non-fungible tokens (NFTs), and artificial intelligence.

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A recent tweet by @PuffYatty states that Disney is taking web 3 seriously as the program’s theme is “Building the Metaverse.” It also focuses on virtual reality and also Non-Fungible Tokens (NFTs).

As the Disney Accelerator kicks off this week, the company has announced that it will be joined by six other companies this year. It includes Polygon(MATIC), Lockerverse, Flickplay, Red 6, Obsess, and Inworld.

Polygon is among the six companies taking part in the program this year. This has led Polygon to tweet on their account that they are excited to be a part of the Disney Accelerator and can’t wait to show everyone what they have been working on.

The Walt Disney Company further states that the participants within the platform will be provided with investment, access to Disney’s unparalleled resources, and mentorship from the Walt Disney Company’s senior executives.

On the other hand, the main focus for Polygon(MATIC) will be on their work with blockchain and how it can help power the Metaverse.

This is not the first time that Disney has shown interest in working with Web 3.0 technologies. In the year 2021, the company also joined NFT Craze through a partnership with VeVe. The partnership allowed the creation of digital art that could be sold as Non-Fungible Tokens.

The Walt Disney Company has been one of the most active media conglomerates when it comes to blockchain and digital currencies. The company has been involved with numerous projects in the space such as the development of a stablecoin, a tokenized reward system, and a blockchain-based digital rights management platform.

It is evident that The Walt Disney Company is betting big on the future of Web 3.0 technologies and the potential impact they could have on the entertainment industry. With the launch of the Disney Accelerator program, we can expect to see more announcements from the company in the space in the near future.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.