The Walt Disney Company has announced that it is actively seeking an “experienced corporate attorney” to work on what they call “emerging technologies” such as non-fungible tokens (NFTs) and the Metaverse.
According to a job listing posted to the Disney careers website on September 23, the company wants to appoint a “Principal Counsel – Corporate Transactions, Emerging Technologies & NFTs” to work on transactions involving NFTs, the Metaverse, blockchain and decentralised finance (DeFi) suggesting that the company might soon enter the Metaverse. The entertainment conglomerate is primarily looking for someone that can provide “full product cycle legal advice and support for global NFT products” and to ensure that they comply with not only current U.S. laws and regulations but also international standards.
Further duties of the appointed person will include “due diligence for NFT, blockchain, third-party marketplace and cloud provider projects,” but also providing regular legal advice on crypto-related matters, and digital currencies and guiding the company’s efforts in relation to emerging technologies.
Disney Readies Itself for the Journey Into The Metaverse
In November 2021, during the company’s fourth-quarter earnings, Bob Chapek, CEO, said that the company was readying itself to blend physical and digital assets in the Metaverse. Mere weeks later, the company files a patent for a “virtual-world simulator,” which suggests the possibility of a theme park in the Metaverse. Per its patent applications, the company’s possible foray into the Metaverse could involve visitors to its theme parks using mobile phones to generate and project personalized 3D effects onto nearby spaces such as walls and other objects. At the time of the patent application, it was reported that there were “no current plans” to use the “virtual-world simulator” patent.” The latest job listing however could suggest that this might be changing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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