With major companies like Disney and Reddit on board and looking to use Polygon as a solution and to leverage its capabilities, this is a vote of confidence, removing some of the existential risk that hangs over some other alt coins (basically anything other than Bitcoin and Ethereum) in an environment where these tokens and teams will not have as much access to easy money as they did during the height of the crypto bull market. Previously, Twitter and Stripe tapped Polygon for a project to facilitate payments to content creators via USD Coin. According to Reddit, it chose to work with Polygon because of its low transaction fees and its commitment to carbon neutrality. The Accelerator is "a business development program designed to accelerate the growth of innovative companies from around the world." Polygon will work with Disney and the other companies selected to further explore NFTs (non-fungible tokens), artificial intelligence, and augmented reality.Īnd it's not just Disney - in July, popular news site Reddit announced that it would be launching its new Collectibles Avatar NFT marketplace on Polygon. We are still in the midst of a crypto bear market, but the team behind Polygon hasn't been resting on its laurels or retreating to their yachts - they are hitting the pavement and forging new partnerships.įor example, Walt Disney ( DIS 3.50%) recently chose Polygon for its 2022 Disney Accelerator Program.
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