Polygon (Matic) helps Disney enter the Metaverse

Polygon (Matic) is a new member of the Disney Incubator program. So both Disney and the scalable Ethereum platform are gearing up for the Metaverse.

Polygon (Matic) partners with Disney

Blockchain scaling project Polygon (Matic) receives funding from Disney. The film and animation studio, which was once founded by the uncle from American fairy tales Walt Disney, is launching trials in Metaverse and Web 3.0. At least that’s what Polygon claims on its Twitter. It goes on to say that Polygon is the only blockchain involved in this project. The Walt Disney Company (WDC) itself announced that the program is dedicated to artificial intelligence, augmented reality and non-fungible tokens (NFTs).

This program is part of the Walt Disney Company’s efforts to prepare for the future and embrace new entertainment technologies. Other contributors include Red 6, an augmented reality company; Obsess, which is engaged in virtual online commerce; and Inworld, which allows you to create virtual avatars based on artificial intelligence. Flickplay, another contributor that allows users to view NFTs using augmented reality. Through this program, members have access to additional funding and collaboration space at the Walt Disney Company’s Los Angeles campus.

How did this news affect the Polygon price?

After this news, the price of Polygon recorded a decent increase. From Wednesday to Thursday, the price of the Polygon token rose from $0.52 to $0.65, an increase of 25%.

Until 2021, Polygon remained known as Matic. It is a solution for scaling and interoperability of the Ethereum blockchain. Polygon (Matic) is designed not only to accelerate the leading altcoin and its ecosystem, but also to provide a linking function with other blockchains. Improved scaling allows Ethereum to grow without losing speed. This should bring down gas prices.

 288 total views,  1 views today

Leave a Comment