Polygon is an Ethereum layer-2 platform built to settle the issue of slow speeds, without sacrificing on security and high transaction fees of the Ethereum blockchain.
The Polygon platform has been selected by Walt Disney Co. to build Web 3 technology. Polygon is one of six companies selected to participate in Walt Disney’s 2022 Accelerator program, a business and development program aimed at erecting immersive experiences via technology such as AI, augmented reality, and NFTs.
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Disney’s accelerator was launched in 2014, in which the participants were allowed to receive training from the Disney Accelerator Team and from Disney’s Leadership team itself.
Polygon Is The Blockchain Selected
It was noted in a recent tweet by Polygon that it was the only blockchain platform for the program.
Asides from the Polygon blockchain, two other Web 3 projects were selected which include Fickplay, a Web 3 application that permits users to explore NFTs via augmented reality, and Lockerverse, a Web 3 content platform that serves as a connector between creator and brands.
Altogether there are six companies together selected by the Disney Accelerator; asides from the three mentioned above there are Obsess, Inworld, and Red 6.
Defi Lama data (Ethereum) is still the basic chain for various Defi and NFT programs with the total TVL calming at $50.12 billion and various Defi protocols of about 513 using the technology.
Bonnie Rosen, General Manager of the Disney Accelerator program stated “For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future,”
He also added, “The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years.”
Terra Project Migrates To Polygon
There has been a serious migration of projects from Terra (Luna) and its stablecoin, TerraUSD (UST) since the inception of the collapse of Terra. Dozens of protocols have chosen to move to polygon network (MATIC). For instance, as stated by Wyatt, over 48 projects which include NFT ecosystem One planet and Derby Stars HQ Play-to-Earn protocol, have already moved their development workloads to Polygon Network (MATIC).
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