Polygon has been accepted into Disney's Accelerator program.On-chain metrics show good growth in wallet holders and NFT buyers.Polygon has the highest TVL of the Ethereum scaling chains.While the biggest story in the financial markets yesterday was undoubtedly the June inflation print of 9.1%, there was another story in the crypto market that was largely ignored by many of the traditional financial media outlets. Disney (DIS) just announced the latest participants in its Accelerator program and Polygon (MATIC-USD) was one of the selected companies. I think this is a fairly big deal and the crypto market action yesterday seems to indicate that many others agree.5 Day Performance (Seeking Alpha)Despite a highly negative reaction to the CPI number more broadly speaking, MATIC has seen a nice run over the last 24 hours and has enjoyed some separation from top dogs like Bitcoin (BTC-USD) and Ethereum (ETH-USD) since the Disney announcement. While I think it's probably likely that the gain in MATIC could get faded if the broad market continues to struggle, since my last article about Polygon was five months ago, I think the Disney news is a big enough catalyst to revisit the Polygon thesis.What is the Disney Accelerator program?Simply put, Disney's Accelerator program is a months-long brainstorming session for growth-stage companies that have an innovative vision for the entertainment industry. The teams that are selected to join th...
