Key Insights:
- Disney selects Polygon (MATIC) for Disney Accelerator Program.
- Polygon’s token MATIC rallies after the news.
To all Disney and Metaverse enthusiasts, there is good news for you!
Yes, you read that right.
Disney is planning to enter the Metaverse, and Polygon (MATIC) has been selected for Disney Accelerator Program. Disney has selected six companies that will be joining its accelerator program, including Polygon, Red 6, Obsess, Lockerverse, Inworld and Flickplay.
According to the Company’s announcement,” 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.”
Disney aims to create a bridge between the physical and the digital world. It also seeks to connect the physical spaces like their amusement parks with their digital services like Disney+ or a virtual environment built around specific projects.
Bob Chapek, CEO of Disney, said,” Its going to take all the great things that we as a media company have with Disney+and use that as a platform for the Metaverse. But at the same time, we have something that no one else has, and that’s the physical world, the world of our parks. And so, if the Metaverse is the blending of the physical and the digital in one environment, who can do it better than Disney?”
He further added,” We realize it is going to be less of a passive-type experience. And, this is a very top-of-mind thing for us because we are continuing to augment our skills and the type of people that we attract into the Walt Disney Company to reflect the aggressive and ambitious technology agenda that we have”.
Positive Polygon
Polygon’s MATIC token also jumped after its news of being chosen by Disney. Markets being slumped for a long time, a jump in MATIC proved to be a breather in an already negative market.
At the time of writing, Polygon (MATIC) is up by 17.75% at $0.9007.
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