Who's The Interest? Disney Opens Lawyer Work Lows In NFT And Metaverse Technology

JAKARTA - The Walt Disney Company seems to be preparing for expansion into the crypto space. This comes after they posted new job vacancies for "experiensive corporate lawyers" to work on "developed technologies" such as non-exchangeable tokens (NFT) and Metaverse.

According to a list of September 23 on Disney's career website, the company is recruiting "President Manager for Corporate Transactions, Development Technology & NFT" to work on transactions involving NFT, Metaverse, blockchain, and decentralized finance (DeFi).

In particular, the entertainment conglomerate is also looking for someone to provide "legal advice on the full product life cycle and support for global NFT products" and ensure they comply with all current laws and regulations in US and international jurisdictions.

Other tasks include "complete tests for NFT, blockchain, third-party markets and cloud provider projects," as well as providing regular legal advice on cryptocurrency-related matters, and digital currencies and guiding Disney's efforts in relation to emerging new technologies in the future.

This new role comes as The Walt Disney Company slowly positioned itself around the crypto, blockchain and Metaverse spaces.

During the company's fourth-quarter earnings announcement in November 2021, Disney CEO Bob Chapterek said the company was preparing to combine physical and digital assets in Metaverse.

A few weeks later the company filed a patent for a "viral simulator" referring to the metaverse in a potential amusement park.

According to the patent app, Disney's chances of plunging into the Metaverse could involve visitors to their amusement park using cell phones to generate and project personalized 3D effects into nearby physical spaces, such as walls and other objects.

At the time it was reported that "there are no current plans" to use the "viral simulator" patent, however, the recent work list could be a sign that this might change.

Earlier this year, Disney began to focus on augmented reality (AR), nonfungible tokens (NFT) and artificial intelligence (AI) in the Disney 2022 Accelerator Program, which selected six "growth stages" companies to benefit from its business development platform.

The companies selected for this year's program include layer-2 scaling platform Polygon, along with two other Web3 projects Flickplay, Web3 apps that allow users to find NFT via augmented reality (AR), and Lockerverse, a Web3 storytelling platform that connects content creators and brands.