Disney’s new CEO Bob Iger and crypto

One who believes in the Metaverse’s promise. Bob Iger has shocked the business world by saying he would immediately resume his former position as Disney’s CEO. Iger will succeed Bob Chapek, who has already submitted his retirement from his position.

Iger made the most of his fame during his 15-year tenure as CEO of the international entertainment giant, which is perhaps his most notable achievement. However, the Disney executive rose to prominence in the cryptocurrency industry after joining Genies as a director, consultant and investor. Genies is a blockchain technology development company. The Genies platform is a digital avatar system powered by Dapper Labs’ Flow blockchain.

Iger noted that he was “thrilled to join Genie’s Board of Directors” to assist Akash Nigam and his colleagues in their goal of “enabling individuals to engineer the mobile apps of Web3: avatar ecosystems.” This was done to advance the goal of “enabling anyone to create mobile apps for Web3.”

When Disney filed its metaverse patent application on December 28, Iger was still serving as CEO and chairman.

The patent was for a “virtual world simulator in a real location”, and according to the application, it would allow attendees at Disney theme parks to build and project personal 3D effects onto adjacent actual locations, such as walls and other objects, using their mobile phones. The patent was for a “virtual world simulator in a real world” and this would be feasible. This goal can be achieved by using a technology known as a “virtual world simulator in a real situation.”

Disney said at the time that there were “no present intentions” to use the “virtual world simulator” patent in any of its products. Furthermore, the company has not yet announced any items related to the patent.

According to reports, Iger’s return to Disney will be brief, and he has only committed to remaining in his capacity as Disney’s CEO for the next two years. This information was collected from The Hollywood Reporter.

It has been reported that during his new term as CEO, Iger would seek to select a successor and work with the board to determine the company’s strategic future.

Despite his absence during the year, Disney has maintained its efforts to develop initiatives involving the metaverse, non-fungible tokens (NFT) and blockchain technology. The completion of these endeavors is planned.

Disney began searching for a senior advisor in September to work on transactions involving non-fungible tokens (NFTs), metaverse, blockchain technology and decentralized finance. Disney is actively researching all these topics (DeFi).

They are looking for a specialized professional to provide “full product lifecycle legal advice and assistance for global NFT goods” and to guarantee that the products in question comply with all applicable US and international laws and regulations.