Polygon, the Ethereum-based scaling tool has entered into another Web3 infrastructure scaling project with the entertainment industry behemoth, Walt Disney. Polygon joins Disney as one of the six companies to be participating in the 2022 Disney Accelerator Program. This project is aimed at leveling up the business and development operations of a company, thus, inducing immense growth opportunities. The other participants of the program are Flickplay, Inworld, Lockerverse, Obsess, and Red 6.
The highlight of the announcement was surely the Ethereum-based scaler, Polygon. Since it was the only participant from the native blockchain domain. So, the supporters of this technology went gaga over this announcement as such an opportunity that too by Disney could seldom be ignored.
The Accelerator program, which is scheduled to commence this week, will be focusing on developing technologies such as non-fungible tokens (NFTs), artificial intelligence (AI) characters, and augmented reality (AR). The project is targeted at “innovative collaborations”, hence Disney is set to revolutionize the already unique and out-of-the-box initiatives.
Bonnie Rosen, General Manager of the Disney Accelerator program, talked about the utility of the program and commented that:
“For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future. The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years.”
Every participating company in the program will be provided proper guidance from the senior leadership team of Disney. Moreover, an executive mentor will also devote time and effort to the betterment of the project. The new-age storytelling attempts would be focused on. The media conglomerate aspires to formulate better technologies and “storytelling canvasses” to link experiences amid the physical, digital, and virtual realms.
MATIC Performance And Public Sentiment
The blockchain network’s native token, MATIC, surged over 10% in the trading session on Thursday after the aforementioned Polygon news broke. The MATIC (Polygon) price was up by 18.16% and traded at $0.644 at the time of writing. Today, the token also reached its 1-month high of $0.6514.
The market capitalization of the coin was $55.15 billion, up by 18.16%. The 24-hour trade volume also increased by a whopping 92.22% and stood at $1.2 billion. According to TradingView data, the 10-day exponential moving average (EMA) of MATIC was valued at 0.5787 and is expected to surpass the 0.60 mark soon, indicating that is a ‘buy’ for now,
The 24-hour chart provided above shows that the coin saw a sudden surge as soon as the announcement was made. As Polygon joins Disney, the MATIC enthusiasts grew happy. Therefore, over 290 tweets were made to hype the recent price gain. Moreover, it was the stablecoin to gain the most and was even crowned as the “topper of the day.” Nonetheless, MATIC price prediction ratings by analysts and its investors or supporters have been upgraded to $1 by the end of 2022.