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The Walt Disney Company has posted a new position for an "experienced corporate attorney" to work on "emerging technologies" like nonfungible tokens (NFTs) and the Metaverse, suggesting a potential expansion into the crypto field.
According to an ad published on the Disney employment website on Friday, the corporation is seeking a "Principal Counsel — Corporate Transactions, Emerging Technologies & NFTs" to work on transactions using NFTs, the Metaverse, blockchain technology, and decentralized finance (DeFi).
Specifically, the entertainment giant is looking for someone to give "complete product life cycle legal counsel and assistance for global NFT goods" and guarantee that they conform with all applicable United States and worldwide laws and regulations.
Other responsibilities include “due diligence for NFT, blockchain, third-party marketplace, and cloud provider initiatives,” giving regular legal counsel on cryptocurrency and digital currency-related concerns, and directing Disney’s activities in connection to new technologies.
The Walt Disney Company has gradually placed itself inside the crypto, blockchain, and metaverse sphere.
In November 2021, at the business’s fourth-quarter earnings call, CEO Bob Chapek stated that the company was planning to combine physical and digital assets in the Metaverse.
The corporation submitted a patent for a “virtual-world simulator” a few weeks later, referring to a prospective theme-park metaverse.
According to the patent application, visitors to Disney’s theme parks might use their mobile phones to make and project individualized 3D effects onto adjacent physical locations, such as walls and other items.
When it was revealed, there were “no present intentions” to use the “virtual world simulator” patent. However, the new job posting may indicate that this is about to change.
This year, the corporation centered its 2022 Disney Accelerator Program on augmented reality (AR), nonfungible tokens (NFTs), and artificial intelligence (AI), selecting six “growth-stage” startups to benefit from its business development platform.
Polygon, a layer-2 scaling platform, and two additional Web3 projects were selected for the program this year: Flickplay, a Web3 application that enables users to discover NFTs via augmented reality (AR), and Lockerverse, a Web3 storytelling platform that links creators and marketers.