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MATIC Surges as Disney Chooses Polygon for Accelerator Program
The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its program to develop AR, NFT and AI Experiences.
Ethereum scaling tool Polygon is continuing to expand its Web3 infrastructure via a new project with media conglomerate the Walt Disney Co. (DIS).
Polygon is one of six companies selected to participate in Disney’s 2022 Accelerator program, a business and development program designed to spur the growth of innovative companies around the world, according to a statement made by Disney on Wednesday. Polygon was the only blockchain-native platform chosen.
STORY CONTINUES BELOW
The price of MATIC, Polygon’s native token, jumped almost 21% to just over 69 cents over the last 24 hours.
The accelerator program, which begins this week, is looking to develop new technologies within augmented reality (AR), non-fungible tokens (NFT) and artificial intelligence (AI).
During the course of the program, each participating company will receive guidance from Disney’s senior leadership team, as well as a dedicated executive mentor.
Read more: Terra Projects Begin Moving to Polygon 2 Months After UST Debacle
Fran Velasquez
Fran is CoinDesk's TV writer and reporter. He is an alum of the University of Wisconsin-Madison and CUNY's Craig Newmark Graduate School of Journalism, where he earned his master's in business and economic reporting. In the past, he has written for Borderless Magazine, CNBC Make It, and Inc. He owns no crypto holdings.
