The Walt Disney Company appears to be interested in expanding its Web3 presence as the company looks to hire “experienced corporate lawyers” to work on “evolving technologies,” including non-fungible tokens (NFTs), blockchain, metaverse and decentralized finance (DeFi). According to a job posting, the corporate affairs group in The Walt Disney Company’s legal department is seeking to hire “Principal Counsel — Corporate Transactions, Emerging Technologies and NFTs.” The new vacancy comes as Disney slowly transitions into the crypto, blockchain and metaverse space.
According to a Job listings On LinkedIn, the entertainment giant is currently looking to hire an employee who can provide “full product life cycle legal advice and support for global NFT products” and ensure they comply with all current laws and regulations in the US as well as global markets.
Other duties will include “conducting due diligence on NFT, blockchain, third-party marketplace and cloud provider projects,” providing regular legal advice on cryptocurrency-related matters and guiding Disney’s efforts regarding digital currencies and emerging technologies.
Disney is looking to hire an attorney with at least 5-8 years of experience managing and executing complex corporate transactions and at a large multinational law firm with an internationally recognized corporate practice.
Disney clearly has an interest in NFTs, and the company has made that interest public over the years. It has released several lines of NFTs in partnership with digital collectibles marketplace VeVe since 2021.
In addition, former Disney CEO Bob Iger has suggested that NFTs have “extraordinary” potential for Disney due to the large number of intellectual properties.
Disney was also granted a patent earlier this year for technology that enables headphone-free augmented reality (AR) attractions, which operate by tracking visitors via their smartphones. The technology, called a “real-world-virtual-world simulator” in the patent, can create and design special 3D effects on physical spaces, walls and nearby objects in Disney’s theme parks.
The Metaverse is being developed as a combination of both physical and digital worlds where people can interact virtually, Disney’s patent aims to immerse visitors without the need for a virtual reality (VR) headset.
