Disney Ventures Into The Metaverse And Web 3.0
By Aarti Dhapte , 01 November, 2022
Disney has announced that they are creating their very own Metaverse. Walt Disney Co.'s CEO, Bob Chapek, recently unveiled the company's plans to enhance storytelling for the next 100 years by implementing blockchain technology and the Metaverse. Disney is one of the largest companies in the entire world and owns some of the most iconic characters and Intellectual Property, such as Star Wars, Marvel, and Pixar, amongst many others.
It has also been recently reported that the company is looking to engage an experienced corporate attorney to work on developing technologies like non-fungible tokens (NFTs) and the Metaverse in what appears to be an effort to enter the Web 3.0.
According to a job posting on the Disney careers website, the organization is looking for a "Principal Counsel - Corporate Transactions, Emerging Technologies & NFTs" to work on transactions, including, among other things, NFTs, the Metaverse, blockchain, and decentralized finance (DeFi).
In a patent filing, Walt Disney suggested that the platform's eventual entrance into the Metaverse would involve users using mobile devices to generate and show personalized three-dimensional (3D) projections onto physical areas like walls and other objects.
In its 2022 Disney Accelerator Program, which selected six firms to leverage its business development platform, the company stated earlier this year that it is focused on augmented reality (AR), non-fiber technologies (NFTs), and artificial intelligence (AI).
That future is not away when we will be able to visit Disney World from the comforts of our homes. With some help from Augmented Reality, we could connect with our favorite characters in the Metaverse.
Latest News
The climate change issue is necessary since the global clean energy transition has emerged. Green energy transformation requires specific environmental changes strictly followed by the industrial sectors. However, global warming can reduce the…
Solid-state batteries have not been in use for a long time. However, the rising demand for electric vehicles in the automotive market may revamp the sulfur content of solid-state batteries. There are many advantages of sulfur in solid-state…
Artificial intelligence is enhancing the tech industry nowadays. In the past years, artificial intelligence has played a pivotal role in functioning cloud computing and other tech industry infrastructure. One of the bug techs, Microsoft, is investing…
Renewable energy is considered as an alternative to fossil fuels. Nations are replacing fossil fuels with renewables to achieve sustainability in the environment. Renewable energy sources regulate specific sectors like electricity, transportation…
In the industrial applications and production sector, sustainability will play a significant role in 2024. Industries are growing interested in adopting sustainable approaches in light of the clean energy transition. The aviation industry in 2024…
Team Lead - Research