MATIC Rises After Disney Selects Polygon for its Web3-Focused Accelerator Program

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 July 13, The Walt Disney Company announced the six companies that will be joining the 2022 Disney Accelerator, a business development program designed to accelerate the growth of innovative companies from around the world.

This year's Disney Accelerator class is focused on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs) and artificial intelligence (AI) characters.

Polygon is the only blockchain-native platform selected in the six-company lineup.

Since the announcement, the price of $MATIC, Polygon’s native token, was up 5.7% to close to 58 cents.

The other companies selected to participate in the 2022 Disney Accelerator program are:

Flickplay: Flickplay is a Web3 social app that enables users to discover NFTs tied to real-world locations that they can experience and share via AR.

Inworld: Inworld allows users to create interactive, AI-driven characters for immersive experiences.

Lockerverse: Lockerverse is a Web3 platform that empowers creators and brands to tell culture-defining stories and deliver unique access and experiences.

Obsess: Obsess is an experiential e-commerce platform that enables brands to create immersive 3D virtual stores on their websites and on metaverse platforms.