Disney unveils new Web3 backing

The Walt Disney Company has stated on Wednesday that it has begun promoting the growth of innovative digital enterprises by launching its web3 accelerator. This was done in the previous month.

Disney, as part of its announcement, presented the six firms that are working under its program and which present building blocks for the basis of the industry of immersive technology

The accelerator intends to encourage the development of developing technologies that are essential to the Metaverse’s experiences. These technologies include non-fungible token (NFT), augmented reality (AR), and artificial intelligence (AI) solutions.

“The Disney Accelerator is thrilled to be part of that legacy,” continued Bonnie Rosen, General Manager of the Disney Accelerator Program. “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.”

The accelerator is being utilized by Disney in order to capitalize on the upcoming generation of entertainment. The company is also providing its renowned foundation in “creativity, imagination, and competence” to the firms that have been selected by the company in order to develop integrated immersive storytelling experiences that bring the virtual world and the real world together.

The program provides the companies that it selects with investment funding, support from Disney’s top leadership team, a personal devoted executive mentor, and an opportunity to display their real-world technologies at Walt Disney Studios lot in Burbank, California.


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