Polygon is the sixth scaling platform to join the Disney Accelerator Program in 2022. Disney’s senior leadership team will guide and mentor this year’s participants.
With the Accelerator Program 2022, Disney is going all in for the adoption of Web3 and blockchain. The company believes that the program will achieve major milestones in the adoption of Web3 technologies.
As Disney made this announcement, MATIC rose to 24% that week.
This year’s Accelerator program will work on projects such as NFTs, AR, and AI. Polygon has also been known to invest in web3 gaming projects like Decentraland and The Sandbox through Polygon Studios.
“develop new technologies and storytelling canvasses to create connected experiences across physical, digital, and virtual worlds,” Disney stated about this year’s Accelerator Program.
Disney isn’t exploring the Metaverse for the first time. Back in February 2022, Mike White was appointed by Disney to oversee their Metaverse strategy. We can expect a lot more from these two giants in the future.
Along with Disney, Prada, Instagram, and Adidas are the big fish who’s partnered up with Polygon to promote Web3 projects. Polygon recently announced their blockchain-powered smartphone – Nothing.
MATIC Rises As the Good News Comes In
MATIC raised $0.72 after the day of Disney’s announcement. The reason we call it good news is that it wasn’t just a pump, except it surpassed its 50-day exponential moving average.
If we compare this price to the last 60 days, it rose to 60%.