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.

By Fran Velasquez

Jul 13, 2022 at 9:52 p.m. UTC

Updated Jul 14, 2022 at 9:06 p.m. UTC

Fran Velasquez

Fran is a writer and reporter at CoinDesk. He owns no crypto holdings.

Follow @_franvela on Twitter

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.

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.

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