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.

AccessTimeIconJul 13, 2022 at 9:52 p.m. UTC
Updated May 11, 2023 at 6:53 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Fran Velasquez

Fran is CoinDesk's TV writer and reporter.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about