Is Disney About to Make its Big Crypto Move into NFT, Metaverse and DeFi?
Though it wouldn’t be its first step in this direction, there is yet another suggestion that the media giant the Walt Disney Company may be gearing up for a major move into the realms of the metaverse, non-fungible tokens (NFTs), and decentralized finance (DeFi).
Disney is looking to hire a transaction lawyer to explore emerging technology opportunities, including NFTs, blockchain, metaverse, and DeFi, according to a job ad on LinkedIn posted over the weekend.
This would be "an experienced corporate attorney" who'd work for the company's Corporate Transactions Group, within the Legal Department.
The hire would
“Partner with business teams as they plan new global emerging technology projects, typically on an accelerated and aggressive timeline."
Furthermore, they'd be required to provide legal advice and support for global NFT products, and closely collaborate with other Disney attorneys and business stakeholders, including Disney Media and Entertainment Distribution and Disney Parks, Experiences and Products, the ad said.
They would need to ensure NFT product compliance with the applicable US and international laws and regulations, as well as,
"Assist in performing due diligence for NFT, blockchain, third party marketplace and cloud provider projects, and negotiating and drafting complex agreements for those projects."
The hire would further be required to give day-to-day legal advice on crypto-related matters, including reviewing marketing and advertising disclosures, as well as evaluating securities law issues related to the promotion and sale of NFTs.
The ad also states that the lawyer would
"Provide thought leadership and strategic direction on products involving digital currency and blockchain technology, while providing
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