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Disney Accelerator News Soars MATIC Price, What Does It Mean For GLO and ADA

The Disney Accelerator program is a business development initiative aiming to accelerate the growth of globally innovative firms.Premium
The Disney Accelerator program is a business development initiative aiming to accelerate the growth of globally innovative firms.

The recent news that Disney is collaborating with Blockchain Company Polygon has prompted the price of Polygon (MATIC) to increase by 70%. This has prompted some individuals to wonder what this could signify for other DeFi projects, particularly Uniglo (GLO) and Cardano (ADA)

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The recent news that Disney is collaborating with Blockchain Company Polygon has prompted the price of Polygon (MATIC) to increase by 70%. This has prompted some individuals to wonder what this could signify for other DeFi projects, particularly Uniglo (GLO) and Cardano (ADA). 

What Is Disney Accelerator Program?

The Disney Accelerator program is a business development initiative aiming to accelerate the growth of globally innovative firms. The initiative intends to develop technology, such as augmented reality, non-fungible tokens, and artificial intelligence characters, in order to construct future immersive experiences. 

The accelerator is available to venture-backed, growth-stage firms with a vision to change the future of technology and entertainment, and Polygon (MATIC) has joined the program as one of six successful companies this year. 

Why Polygon (MATIC)?

Despite the fact that there are hundreds of successful companies on the market, Polygon is fortunate to be entering the Disney Accelerator's 2022 program for a variety of reasons. 

The Polygon network is a Layer 2 scaling solution for Ethereum that provides a simple foundation for new and current blockchain projects to build on Ethereum without scalability concerns. Disney is interested in the possibilities for developers and businesses to create Web3 experiences and provide users with low-cost, high-throughput transactions. 

Lower cost transfers are especially important for NFT initiatives, as variable gas costs and tough UX obstacles can otherwise discourage users and result in participation from just tech-savvy users. 

The announcement caused a 70 percent surge in MATIC and is believed to have a good effect on other cryptocurrencies such as Uniglo (GLO) and Cardano (ADA). 

Uniglo (GLO)

Uniglo is a unique Ethereum-based cryptocurrency initiative. It is an asset-backed treasury that capitalizes on the growing potential of its holdings to boost the value of its digital token, GLO. 

Unlike some prominent cryptocurrencies that attract short-term investors, Uniglo prioritizes sustained returns on investment and is thus ideal for long-term token holders. 

Uniglo is the first community-driven asset-backed cryptocurrency with dual-burn mechanics and an extremely deflationary methodology. This aids in resolving important challenges in the financial sector, particularly at a time when a solution to growing inflation is required. 

Cardano (ADA)

The Cardano network continues to evolve and expand rapidly. The Vasil hard fork has become the most substantial upgrade to the network since the Alonzo hard fork added smart contract functionality. With over 70% of the entire supply staked and over 3 million unique wallet addresses on the network, ADA's price appears poised to soar. 

How Does Polygon And Disney Partnership Influence GLO and ADA?

Even though three of them are entirely autonomous, Polygon's achievement in initiating a deal with Disney might benefit the whole cryptocurrency industry, including Uniglo and Cardano. 

All three are compatible with Ethereum. Thus, the success of one could affect the other two.

Moreover, the cooperation between Disney and Polygon is a significant boost for the whole digital entertainment business. It verifies the application case for blockchain technology and could lead to the formation of further partnerships between conventional enterprises and blockchain initiatives. 

Metaverse and Web3 become more realistic daily, and many industry leaders strive to keep up. Disney is seeking innovative, unique ventures similar to Polygon, Uniglo, and Cardano in order to establish itself in the sector. 

In addition, Disney Accelerator's 2022 program indicates the company's growing interest in owning or producing its own NFTs, which might end up in Uniglo's fully asset-backed vault and directly impact the success of the protocol. 

Learn More Here:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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