Eccentric partnership sent MATIC price through the roof: coin outperformed almost all top 100 altcoins
MATIC, a core native utility and governance asset of EVM-compatible blockchain heavyweight Polygon (formerly Matic Network) outperformed all competitors in the last 24 hours.
Polygon joins Disney Accelerator, MATIC jumps from $0.5 to $0.65
According to the official announcement shared by its team on Twitter, Polygon Network (MATIC) is going to join the Disney Accelerator program.
— Polygon – MATIC 💚 (@0xPolygon) July 13, 2022
Helmed by The Walt Disney Company, Disney Accelerator is the largest business development program designed to accelerate the growth of cutting-edge entertainment companies across the globe.
In 2022, the program is focused on use cases that involve augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI).
MATIC, Polygon’s token, immediately reacted to the announcement. The MATIC price added over 25% in less than seven hours, revisiting a five-week high of over $0.65.
By press time, the price of MATIC slightly dropped; it is changing hands at $0.625 on major spot trading platforms. However, it still remains the top performing coin among all large-cap altcoins.
The Disney Accelerator program is set to start this week. Polygon Network (MATIC) will be accompanied there by Flickplay and Lockerverse Web3 social apps, AI start-ups InVerse and Obsess and AR innovators Red 6.
Previously, the Polygon (MATIC) price was catalyzed by integration with fintech heavyweight Robinhood and the upcoming launch of Reddit’s NFT marketplace.
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