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.
Metaverse Market Size
Latest News
Sustainability is a new phenomenon in the energy market as the clean energy transition grows significantly. Different energy market sectors are adopting several ways for effective transformation in 2024. Hence, space technology does not fail to…
The United States went through a decline in oil and gas drilling activities in 2024. Since the beginning of the year, the United States has faced many challenges in keeping up with the oil drilling process. Recently, the surveys showed that the total…
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity…
Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Team Lead - Research