Polygon selected in Walt Disney's accelerator program

Polygon, one of the leading blockchain companies, has been chosen as one of six firms participating in Disney's accelerator program this year. A mentor will also be provided with guidance from Disney's leadership team in this program. Polygon is the only blockchain to be involved.

Ryan Watt, Chief Executive Officer of Polygon Studios, said that this is a big indication of the functioning of Polygon and the growth of the firm. 

Disney's interest in NFTs is increasing. It has released several NFT lines in partnership with digital collectibles marketplace Veve. Bob Iger, former chief executive officer of Disney, says that due to the large number of intellectual properties with the NFT, its potential is high. Disney said that firms participating in the program will receive funding, as well as guidance from the company's executives, entrepreneurs, investors and professionals with extensive experience in the entertainment and technology sectors.

Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but they cannot be duplicated. The popularity of NFTs is also increasing. Sports clubs, automobile companies and pop stars are also getting into this business. A recent survey of about 35,000 people in 40 countries by financial services company Mastercard found that about 45 percent of these people have bought or may consider buying NFTs. However, with the decline in the crypto market for the last few months, there has also been a decrease in the sales of NFTs.