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Here’s the crypto connection to Disney rehiring Bob Iger as CEO

Bob Iger, a supporter of the Metaverse, has announced his unexpected return to his former position as CEO of Disney, succeeding the now-former CEO Bob Chapek.

While Iger is most known for his 15-year tenure as CEO of the global entertainment conglomerate, he gained prominence in the cryptocurrency industry after becoming a director, adviser, and investor in Genies, a digital avatar platform that runs on Dapper Labs’ Flow blockchain.

“Thrilled to be joining the Genies Board of Directors to help Akash Nigam and company empower humans to create the ‘mobile apps of Web3’: avatar ecosystems,” Iger said at the time.

Iger was still an executive and board chairman at Disney on December 28 when the corporation filed for a metaverse-related patent.

The patent was for a “virtual-world simulator in a real-world venue,” which, according to the file, would enable Disney theme park attendees to build and project individualized 3D effects onto adjacent actual locations, such as walls and other objects, using their mobile phones.

Disney stated at the time that there were “no current intentions” to utilize the “virtual-world simulator” patent, and the firm has not yet announced any products linked to the invention.

According to the Hollywood Reporter, however, Iger’s comeback will be brief, as he has only agreed to remain as Disney’s CEO for the next two years. Throughout his new term as CEO, Iger will reportedly collaborate with the board to determine the company’s strategic direction and develop a successor.

Disney has kept working on projects involving the metaverse, nonfungible tokens (NFTs), and blockchain even though he wasn’t there. This has been going on all year.

Disney started looking for a principal counsel in September to help with deals involving NFTs, the metaverse, blockchain, and decentralized finance (DeFi).

Looking for someone who can give “full product life cycle legal advice and support for global NFT products” and make sure they follow all laws and rules in the US and around the world.

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Here's the crypto connection to Disney rehiring Bob Iger as CEOTina concentrates on all matters related to NFT and Web3. Tina uses social media to spot NFT trends and report unique news.

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