Disney brings back Bob Iger as CEO: Here's the crypto connection - Cointelegraph

Metaverse-backer Bob Iger has announced a astonishment instrumentality to his erstwhile relation arsenic CEO of Disney, taking implicit from now-former CEO Bob Chapek.

While Iger is astir good known for serving 15 years arsenic the CEO of the planetary amusement conglomerate, the Disney enforcement became known successful the crypto assemblage aft becoming a director, advisor and capitalist successful Genies, a integer avatar level moving connected Dapper Labs’ Flow blockchain.

“Thrilled to beryllium joining the Genies Board of Directors to assistance Akash Nigam and institution empower humans to make the 'mobile apps of Web3': avatar ecosystems,” Iger said astatine the time.

Iger was inactive astatine Disney arsenic an enforcement and committee president erstwhile the institution filed for a Metaverse-related patent connected Dec. 28.

The patent was for a “virtual-world simulator successful a real-world venue," and according to the filing, would let visitors to Disney taxable parks to usage mobile phones to make and task personalized 3D effects onto adjacent carnal spaces, specified arsenic walls and different objects.

However, Disney said astatine the clip determination were “no existent plans” to usage the “virtual-world simulator” patent, and the institution has yet to denote immoderate products related to the patent.

Related: Silicon Valley tech CEOs are not large fans of metaverses

According to the Hollywood Reporter, Iger’s instrumentality volition reportedly lone beryllium temporary, though, with Iger lone agreeing to service arsenic Disney’s CEO for the adjacent 2 years. 

During his caller word arsenic CEO, Iger volition reportedly enactment with the Board to acceptable the strategical absorption for the institution and enactment to make a successor.

In his absence, Disney has continued to enactment towards projects involving the metaverse, NFTs and blockchain passim the year.

In September, Disney started hiring for a main counsel to enactment connected transactions involving NFTs, the Metaverse, blockchain and decentralized concern (DeFi).

Specifically seeking idiosyncratic to supply “full merchandise beingness rhythm ineligible proposal and enactment for planetary NFT products” and guarantee they comply with each existent laws and regulations connected United States ungraded and internationally.