Cryptocurrencies quickly recovered after the downward volatility while focusing on US inflation data yesterday. Among the major altcoins, Polygon (MATIC), on the other hand, diverged positively from the market yesterday and saw a value increase of more than 20 percent.
Polygon (MATIC) continues to record positive developments for its platform in July. Announcing HTC mobile integration at the beginning of July, Polygon's native token MATIC saw a nearly 30 percent increase in value up to $0.6.
The crypto money, which saw a limited rise from the peak level of July, realized the second rise of the month with the news of its inclusion in the Disney Web 3.0 program announced yesterday, while seeing an increase of more than 20 percent in the last 24 hours, bringing its price to $ 0.68.
Working as a Layer-2 solution, Polygon has been selected for Disney's Web 3.0-focused accelerator program, scheduled to launch this week. In the statement made by The Walt, it was announced that the Polygon platform is one of six projects selected for the accelerator program focused on augmented reality, artificial intelligence and NFT in 2022. Thus, Polygon became the only blockchain company selected for Disney's accelerator program.
Other companies participating in the program are the Web 3.0 social platform Flickplay, which shares real-world locations using augmented reality via NFT, the artificial intelligence-focused platform Inworld, the Web 3.0 platform Lockerverse and Metaverse platform focused on content creators, and Red 6, the augmented reality hardware company.
In addition to the positive developments seen this month, Polygon continues to attract the attention of investors. Blockchain data analysis firm Santiment revealed that in the past month, MATIC investors recorded the highest increase of 28 percent since October.
Polygon (MATIC) has been addressing the scalability issue of the Ethereum network as a layer-2 solution since its launch. While the platform is seen as an alternative to the slowdown and high transaction fees in the Ethereum network, it continues its activities as an important Blockchain network for creating decentralized applications.