The Walt Disney Company is seeking to hire a corporate attorney to work on transactions involving blockchain, non-fungible tokens (NFTs), the Metaverse, and decentralized finance (DeFi) as it expands its Web3.0 footprint.
According to a job advertisement posted on LinkedIn on September 25, the media conglomerate’s Legal Department is looking to recruit a “Principal Counsel – Corporate Transactions, Emerging Technologies & NFTs.” The job post added that the legal help would be working on an “accelerated and aggressive timeline” to “plan new global emerging technology projects” in collaboration with other business teams.
The job advert also indicated that Disney was looking for someone who would:
“Provide full product life cycle legal advice and support for global NFT products, working closely 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.”
Usually, transaction lawyers review merger and acquisition deals and other complex business dealings.
The Needed Attorney Should Be Experienced In NFT, Crypto, and Web3.0 Space
The new attorney to be hired should possess high-level corporate transactional experience, particularly in carrying out due diligence, negotiating and drafting complex agreements, and engaging with different stakeholders. Additionally, they should have worked for at least five years in a management position running complex corporate transactions.
The corporate counsel needs to have experience working at a “large multinational law firm with an internationally recognized corporate practice” and working independently and cooperatively in a team-oriented setup.
A licensed attorney with a law degree from an accredited law school and experience working on “NFT, cryptocurrency and Web 3 space, including knowledge of related legal considerations and issues.”
Disney’s Venture Into Web3.0
The entertainment giant is focused on “next generation storytelling” by aggressively expanding into the Web3.0 territory. The company’s plans to venture into the crypto space were emphasized by CEO Bob Chapek, who said that Disney was exploring and putting in place plans for the Metaverse. Chapek spoke of the firm’s plans to venture into Web3.0 on September 10 during the D23 Expo Fan Convention.
Earlier in June, the Mickey Mouse conglomerate recruited a Vice President (VP) of “Next Generation Storytelling Creative Experiences.”
“We call it next-gen storytelling. We tend not to use the M word too often because it has a lot of hair on it,” said Chapek at the expo in Anaheim on September 10.
In a nutshell, this job advert by Disney reveals the company’s interest in and plans for the Web3.0 world and its efforts to avoid being left out of the buzz and technological advancement around the Metaverse, NFTs, and blockchain technology.