Disney wants a lawyer to oversee Metaverse, Blockchain, NFT’s project

Disney CEO Bob Chapek said back in November 2021 that he is making the necessary preparations to enable the company to combine its physical and digital assets in the digital realm.

In their quarterly earnings report last year, Chapek said that for a long time the company has always been at the forefront of adopting new technologies that can enable it to improve its entertainment offering.

During that time, the CEO said that any efforts they’ve made were just opening acts for the time when they’re able to combine their physical and digital worlds for “storytelling without boundaries” in their “own Disney metaverse.”

Chapek and Disney seem motivated by the idea that tech and entertainment companies are slowly shifting their focus on augmented virtual reality into the metaverse.

Image: eGamers.io/Disney

Expanding into the Web3 space

The entertainment giant’s journey towards expansion in the Web3 space became clearer with a recent job advertisement for the company.

Disney is currently seeking to hire a general counsel to oversee transactions involving non-fungible tokens, blockchain technologies, decentralized finance (DeFi) and metaverse, among other upcoming offerings.

Among the main duties of the Disney lawyer is to ensure that the company is able to comply with US and global regulations to avoid any legal liability as the company rolls out its expansion plans in the virtual land.

Disney is going all in on Web3

In December last year, the company entered into a partnership with the upcoming NFT mo

bile application VeVe when rolling out a number of NFT collections.

Former CEO Robert Iger said the opportunities for NFT, considering Disney’s copyright and trademark as well as characters, are “extraordinary.”

That said, the entertainment company is looking to get the best advice available to bolster its bid for Web3 dominance.

Applicants who may be considered for the position are those who have five to eight years of experience under their belt, particularly in managing complex transactions.

Moreover, the lawyer must come from a large, multinational firm that can boast corporate practices that meet international standards.

Any recipients?

BTCUSD pair reclaims $20K spot, trading at $20,207 on the daily chart | Source: TradingView.com

Featured image from The Coin Republic, Chart: TradingView.com