The fervor around non-fungible tokens [NFT] has been raging since 2021. While some continue to embrace this trend, a few others seem to have gotten past it. Prominent firms, however, have continued exploring the NFT space. Disney NFTs are likely to expand their reach sooner than later. The Walt Disney Company revealed that it was looking to onboard more legal help around the same.
As per a recent listing on the Disney careers website, the mass media giant intends to hire an “experienced corporate attorney.” It should be noted that this wasn’t limited to the NFT market alone. The attorney is expected to oversee “emerging technologies” like the metaverse. blockchain as well as decentralized finance or DeFi.
Elaborating on the responsibilities that come with the job, the Walt Disney Company further wrote,
“Provide full product life cycle legal advice and support for global NFT products, working in close collaboration with other Disney attorneys and business stakeholders, including Disney Media and Entertainment Distribution and Disney Parks, Experiences, and Products. Ensure NFT product compliance with applicable U.S. and international laws and regulations.”
In addition to this, the hired lawyer is expected to do “due diligence for NFT, blockchain, third-party marketplace and cloud provider projects.” Day-to-day legal advice, leading cross-functional Disney meetings, and other responsibilities were mentioned in the listing.
Disney doubles down on its Web3 inclination
It should be noted that Disney has been going all in on exploring Web3 technologies. CEO Bob Chapek, in 2021 revealed that the firm was set to dive into the Metaverse by blending physical and digital assets.
Veering back to Disney NFTs, the firm decided to collaborate with VeVe, a prominent NFT mobile application. Through this partnership, the firm rolled out a number of NFT collections. Additionally, speaking about the advent of Disney NFTs, former CEO Robert Iger previously said,
“When you think about all the copyright and trademarks, [the] characters Disney has. The NFT possibilities, they’re extraordinary.”
Keeping this in mind, the firm could be looking for an attorney to help tackle any potential issues surrounding NFTs and other emerging technologies.