Ethereum (CRYPTO: ETH) scaling solution Polygon (CRYPTO: MATIC) joined five other companies in Walt Disney Co (NYSE:DIS) 2022 Disney Accelerator program.
What Happened: In an announcement on July 13, Disney named Polygon in its Accelerator class that will build the “future of immersive experiences” in augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI).
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Each participating company will receive guidance from Disney’s senior leadership team as well as a dedicated executive mentor.
Polygon’s native token MATIC rallied 23% following the news, from an intra-day low of $0.52 to $0.65 as per data from Benzinga Pro.
Polygon is a popular Ethereum Layer 2 scaling solution that boasts transaction speeds of over 65,000 transactions per second. The blockchain project is backed by Binance and Coinbase Global Inc (NASDAQ:COIN).
Last year, billionaire investor Mark Cuban revealed an investment in the Layer 2 solution, saying that apart from Ethereum and Bitcoin (CRYPTO: BTC), Polygon was “destroying everybody else.”
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