Disney has announced that it will be using its new incentive program to back a successful cryptocurrency venture.
Polygon (MATIC) is one of six companies selected for the Disney Accelerator class of 2022, which will concentrate in part on the creation of NFTs.
This year’s Disney Accelerator class is focused on shaping the future of immersive experiences using technologies like augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.
MATIC is a method for scaling that intends to facilitate widespread use of Ethereum (ETH) blockchain-based decentralised applications.
Polygon’s share price has increased by approximately 20% in the last day. At the time of writing, the price of the sixteenth most valuable cryptocurrency by market capitalization was $0.69.
However, Santiment, a crypto analytics business, warns that MATIC might soon be ready for a regression. Even though typical traders have gained 28% on MATIC in the previous 30 days, this is the highest level seen since October, so proceed with caution. There may be a need for a time-out.
Also Read: Ethereum (ETH) Is Prepared for a ‘Significant Run,’ Claims a Leading Crypto Analyst