How Disney Is Getting Involved With Blockchain, NFTs And The Metaverse
Many companies have been jumping into Web3 and the Metaverse, and Disney is the latest big-name corporation to use its vast resources and expertise to bring the new internet frontier to life. As the convergence of 3D virtual worlds, AR, VR, and blockchain technologies, Web3 promises to bring new services and venues that will provide exciting experiences for the average consumer and tremendous opportunity for entrepreneurs and investors. However, in order for Web3 to really take off and achieve its potential, it needs compelling reasons for people to want to jump in, and Disney's Accelerator Program could provide a boost.
Disney Accelerator is a yearly investment and advisory program that assists technologically innovative companies, and this year Disney is focused on Web3 and the Metaverse. The program takes place over the summer each year and ends with a demonstration event in October, focussing on entertainment technology, providing investment capital, access to space at Disney's co-working campus in Los Angeles, and advice from Disney's top executives and business leaders in entertainment and technology. Two notable companies that have participated in the Disney Accelerator program are Epic Games, the developers of Unreal Engine and Fortnite, and Hanson Robotics, specialists in human facial animatronics.
Related: Meta Creating Human-Level AI For The Metaverse
In an official press release, Disney announced six companies that have been chosen for this year's Disney Accelerator, all of which have their hands in Web3, the internet and Metaverse in some way, and span the fields of AR, AI, gaming NFTs, virtual shopping, and blockchain. Disney has made great contributions to entertainment for nearly a century, and sees
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