Polygon Makes One Of The Six Disney 2022 Accelerator Participants, MATIC Rallies 18%
- Polygon has been named as one of the six projects in the Disney 2022 Accelerator program
- Others include Flickplay, Inworld, Lockerverse, Obsess, and Red 6
Ethereum scaling solution Polygon was named among the six participants of the Disnep Accelerator program on Wednesday, despite a bearish market. Following the confirmation of the news, the native token of the platform, MATIC, jumped by more than 18% in the last 24 hours.
Polygon has achieved a lot of popularity recently owing to an increasing number of partnerships and a well-performing token. The Ethereum scaling solution had performed extremely well in 2021 and it seems that a similar performane can be expected despite a bearish market.
The Disnep Accelerator program is a “business development program designed to accelerate the growth of innovative companies from around the world,” explains The Walt Disney Company, an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.
According to the official announcement, the Disnep Accelerator program 2022 will focus on “on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.”
“Over the course of the program, each participant company will receive guidance from Disney’s senior leadership team, as well as a dedicated executive mentor. The Disney Accelerator program will conclude with a Demo Day in the fall at the Walt Disney Studios lot in Burbank, California,”
said Disnep in an announcement.
It seems that Disnep aims to invest in the future of Web 3.0 and crypto and Polygon might play a major role in it.
The companies selected by Disnep for the accelerator program 2022 are:
- Flickplay, a Web3 social app for discovering NFTs tied to real-world locations
- Inworld, a platform that allows users to create AI-driven characters
- Lockerverse, a Web3 platform for brands that allows them to provide unique experiences
- Obsess, an experiential e-commerce platform that allows creation of virtual 3-D stores
- Polygon, an Ethereum scaling solution
- Real 6, an an AR company
Disnep also confirmed via the announcement that it will continue to work with similar companies in the near future and develop new technologies to provide unique experiences to the masses in physical, digital, and virtual worlds.
“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.”
said Bonnie Rosen, General Manager of the Disney Accelerator program.
Polygon (MATIC) rallies 18%
Following the announcement from Disnep, the native token of Polygon, MATIC rose by more than 18% in the last 24 hours and at the time of writing, the price of 1 MATIC is $0.6446. Furthermore, in the last 7 days, MATIC has surged by more than 25%, making it one of the best performing altcoins, as per CoinMarketCap.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
