MATIC crypto soars after Polygon joins Disney’s accelerator
Polygon was chosen as a participant in Disney’s accelerator programme for 2022 on Wednesday, causing the project’s cryptocurrency MATIC to increase by more than 15%.
The Walt Disney Company did not disclose any of its own crypto projects, but the 2022 accelerator class will concentrate on developing immersive experiences using technologies such as augmented reality (AR), artificial intelligence (AI), and non-fungible tokens (NFTs), according to the media conglomerate.
Other partners include the Web3 social networking application Flickplay, the Web3 narrative platform Lockerverse, the augmented reality business Red 6, and the virtual e-commerce platform Obsess.
Polygon, formerly known as Matic Network, is an Ethereum scaling and interoperability platform that enables the development of scalable decentralised applications (dApps) with minimal transaction costs.
The social media giant Meta chose Polygon for NFT support on Facebook. Participants in Disney’s accelerator will get investment cash, co-working space at Disney’s creative campus in Los Angeles, and mentoring from Disney executives, entrepreneurs, investors, and business leaders.