Polygon (MATIC) is one of the top-performing cryptocurrencies in the past 24 hours, up 20% after being included in the Walt Disney Accelerator 2022. The Disney Accelerator program is a global business incubation platform that helps early-stage startups build upon their ideas and scale their businesses with Disney’s support, visit here: https://immediate-edge.co/ .
Polygon has been a leading player in implementing Layer 2 solutions for Ethereum. According to its website, Polygon is developing a framework to help developers build technology-agnostic decentralized applications (dApps) with high throughput and low latency.
The MATIC/USD exchange rate has surged nearly 500% since reaching a low of $0.41 on May 20. The rally has slowed since peaking at an all-time high of $2.43 on June 4, but traders continue to engage in buying activity near current levels
What is the Disney accelerator?
The Disney Accelerator 2022 program provides funding and mentorship to promising early-stage startups. The first cohort of participants includes companies like Magic Leap and Quibi. It also includes Polygon, which bills itself as “the world’s first blockchain-based video game platform with native token” and claims to have over 1 million users.
It is a global business incubation platform that helps early-stage startups build upon their ideas and scale their businesses with Disney’s support. The program provides startups with access to resources, mentorship, and opportunities to work closely with Disney employees in various divisions such as technology, IP management, marketing, etc.
The accelerator also allows selected companies to pitch for investment from a syndicate of high-net-worth individuals and institutions invited by Disney.
Ethereum (ETH) and Polygon (MATIC)
As part of its involvement in this program through its accelerator arm called Hyperion Studios, Ethereum Layer 2 project Golem received $2 million in funding from Binance Labs and Bitmain Technologies Limited, among others. And it has caused its price per token to surge 20% over the past week alone.
Layer 2 solutions are typically used with blockchain platforms like Bitcoin or Ethereum. The idea behind them is simple: they offer more speed, scalability, and cost-effectiveness than their more established counterparts by operating off-chain while still being able to leverage everything else they offer.
Polygon uses this approach to allow users who want access to its services without needing special equipment or experience. And having to deal with slow block confirmation times or high fees to do so quickly and easily without sacrificing anything else about using a blockchain network in general.
As part of its partnership with Disney, Polygon will make all its apps available on the MATIC network. This means that when developers create new dApps using Polygon’s framework, they can choose from one of several blockchain platforms. The cryptocurrency MATIC was created to gain value when Ethereum became more popular. As the network grows, so does the value of this crypto.
Reasons To Buy
Many people have been buying MATIC recently. One reason is that it’s being used as a layer two solution for Ethereum transactions. It is also a way for users to access cheaper transactions on the Ethereum blockchain without waiting in line behind miners who want their transaction fees (like Bitcoin).
Matic is a cryptocurrency that gains value when Ethereum becomes more popular, and investors are looking for better ways of using Ethereum. This means that Matic can be considered an IOU token, with the value of one Matic equal to the current market value of one Ether.
MATIC is also unique because it does not use a hard cap in its supply system. Instead, there will be an increasing supply over time based on how many people buy into the project with real money. If you need automatic cryptocurrency trading software, you should use bitcoin trading software. So if you want to invest in this cryptocurrency, buy some before everyone else.
Conclusion
The Walt Disney Accelerator 2022 is a global business incubation platform that helps early-stage startups build upon their ideas and scale their businesses with Disney’s support. Polygon is one of the top-performing cryptocurrencies in the past 24 hours, up 20% after being included in the Walt Disney Accelerator 2022.