The Walt Disney Firm is saying plans to help a surging crypto venture by its new accelerator program.
Polygon (MATIC) is one in every of six contributors within the 2022 Disney Accelerator class, which is able to focus, partially, on non-fungible token (NFT) improvement.
“This yr’s Disney Accelerator class is concentrated on constructing the way forward for immersive experiences and makes a speciality of applied sciences comparable to augmented actuality (AR), non-fungible tokens (NFTs), and synthetic intelligence (AI) characters.”
MATIC is a scaling answer 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, nonetheless, 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 stage since October. A cooldown could also be required.”
The accelerator gives 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 response to this system’s web site.
The accelerator choice just isn’t the one latest optimistic information for MATIC. Polygon Studios CEO Ryan Wyatt additionally stated just lately that dozens of initiatives constructed on the collapsed Terra (LUNA) blockchain are migrating to Polygon.
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