Key Takeaways
- On Friday, the Walt Disney Company posted about their need for a principal counsel with a handful of experience in non-fungible tokens (NFT) and decentralized finance (DeFi).
- This post reveals the company's intend for broader Web3 expansion across the Disney ecosystem.
On Friday, the Walt Disney Company posted about their need for a principal counsel with a handful of experience in non-fungible tokens (NFT) and decentralized finance (DeFi). This post reveals the company's intention for broader Web3 expansion across the Disney ecosystem. The position is a full-time one, and its functionality is constricted to the legal department of the Walt Disney Company.
The call signifies an intense need to hire an experienced corporate attorney who is able to operate on transactions around growing technologies, including decentralized finance, metaverse, NFts, and blockchain. The position will be of massive benefits to the Walt Disney Company—it will provide an overview of global NFT products all over the company's business sites; this includes Disney Parks and Disney Meida, Experience and Products.
In addition, it will ensure that the company's operations are in tandem with U.S. and international laws and regulations and assess securities law issues linked with the auction of NFTs and promotion.
Read: Apple To Offer NFTs on IOS for a 30% Commission on Sales
Disney’s Latest Job Posting Hints at Big Plans for NFT and Crypto Adoption
The position will also help evaluate blockchain networks, third-party marketplaces, NFT projects, and cloud providers. Alongside this, the position will provide legal advice on blockchain technology and digital currency in its entirety.
Anyone who eventually gets hired will have to establish a strong alliance with other legal and business groups. This will cut across engineering, technology, IP, and products. In recent months, Disney has shown an increased zest for employing Web3-centered personnel in a bid to incorporate cryptographic components into its numerous business offices.
Earlier this year, in February, Disney hired media and tech strategist Mike White as senior vice president of next generation storytelling and consumer experiences, in charge of driving the company's metaverse plans. CEO Bob Chapek inscribed into the memo of staff that White is burdened with the role of creating a blend of experiences in the physical and digital worlds---metaverse, the next great storytelling frontier.
Around that time, Chapek charted the company's plan for the next five years, saying that Disney thinks of its Web3 pursuit as being "less of a passive type experience where you just have playback" and "more of an interactive, leaning forward, actively engaged type of experience."
Also in June, the company hired the erstwhile gaming executive, Mark Bozon, as its vice-president of next-generation storytelling, with the task of carrying out the company's plans across business sectors like "film, toys, parks, gaming and more." Disney was cited as having said that its metaverse plans would cut across virtual, physical, and digital experiences. Let us know what you think about this in the comment section below.
