Metaverse and DeFi: Disney seeks a lawyer for its many projects

The Disney company seeks legal assistance to expand into Web3 territory. The goal is to enter this new market by legally protecting yourself. Some believe that there is a form of legal vacuum when it comes to NFT and decentralized finance more generally. In this sense, hiring a transaction lawyer is a necessity for the group.

The future role of the lawyer

The Walt Disney Company is looking to hire a settlement attorney. The goal is to explore opportunities related to emerging technologies, including the metaverse. Disney says on LinkedIn that the work schedule will be accelerated and aggressive. The job announcement also states that the hired person will need to work with company teams to plan new emerging technology projects globally. The idea is to penetrate new market segments such as the metaverse and decentralized finance.

His role will include performing due diligence for NFT, blockchain and cloud provider projects. Added to this is the negotiation and drafting of complex agreements within these projects. Typically, transaction lawyers review merger and acquisition agreements and other complex business transactions. Among these missions, nothing is surprising. This is the classic job of the transactional attorney, whose role is particularly important at the time of due diligence.

The transition to the metaverse

The announcement was posted on LinkedIn on Saturday, September 24, 2022. A few days earlier, Disney’s CEO told the D23 Expo fan convention that the company was exploring and developing plans for the metaverse. By June, the company had already hired a seasoned Apple executive as vice president of “Next Generation Storytelling Creative Experiences.”

The term metaverse is now ambiguous according to some market players. First of all because the Facebook company has become a Meta in reference to the term metaverse, and therefore tries to be its symbol. Then, because this term brings together several definitions and implies different realities. It is therefore not surprising that Disney has decided to replace this popular name with “Next Generation Storytelling Creative Experiences”. However, there is general enthusiasm about this promising market that goes in the direction of the progressive normalization of cryptocurrencies.

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Sami AYADI avatar

To the angelism of the intercessors of the current monetary system I oppose DeFi, digital assets and the metaverse. Lawyer in Luxembourg, I am interested in cryptocurrency investment funds.

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