As the crypto market crash routed the Terra/ Luna ecosystem and caused hedge fund Three Arrow Capital to go under, many investors are questioning the future of blockchain technology. Long-time bulls were in for some good news as Disney Accelerator selected Polygon for their business development program. MATIC itself, which was co-founded by Sandeep Nailwal and counts billionaire Mark Cuban as a mentor, is about 75% below its record high in December. But such announcements from a blue-chip company like Disney can raise expectations for greater potential backing and adoption. The news has caused the price of the MATIC token to rise over 10%, even after a 21% hike following the announcement. Since Disney does not have an in-house crypto solution, the accelerator marks its first foray into the digital assets space for Polygon, wrote Walter Teng, digital asset strategy associate at Fundstrat.
Cuban Mentored Polygon (MATIC) Network & Crypto Wallet Accelerated by Disney in Wake of Terra/Luna & 3AC Crash 2022
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