The Walt Disney Firm is saying plans to assist a surging crypto venture via its new accelerator program.

Polygon (MATIC) is one in every of six individuals within the 2022 Disney Accelerator class, which can focus, partly, on non-fungible token (NFT) improvement.

“This 12 months’s Disney Accelerator class is concentrated on constructing the way forward for immersive experiences and focuses on applied sciences resembling augmented actuality (AR), non-fungible tokens (NFTs), and synthetic intelligence (AI) characters.”

MATIC is a scaling resolution that goals to allow the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain.

Polygon is up practically 20% prior to now 24 hours. The Sixteenth-ranked crypto asset by market cap is buying and selling for $0.69 at time of writing.

Crypto analytics agency Santiment, nevertheless, cautions MATIC could possibly be due for a retracement quickly.

“Be cautious of the truth that common merchants are +28% on MATIC prior to now 30 days, which is the very best degree since October. A cooldown could also be required.”


Supply: Santimentfeed/Twitter

The accelerator affords chosen firms “entry to the vary of artistic experience and assets of The Walt Disney Firm to assist them develop new leisure experiences and merchandise,” in accordance with this system’s website.

The accelerator choice shouldn’t be the one latest constructive information for MATIC. Polygon Studios CEO Ryan Wyatt additionally said just lately that dozens of initiatives constructed on the collapsed Terra (LUNA) blockchain are migrating to Polygon.

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