Disney brings back Bob Iger as CEO: Here’s the crypto connection

Metaverse-backer Bob Iger has introduced a shock return to his former position as CEO of Disney, taking up from now-former CEO Bob Chapek.

Whereas Iger is most well-known for serving 15 years because the CEO of the worldwide leisure conglomerate, the Disney government grew to become known within the crypto group after changing into a director, adviser and investor in Genies, a digital avatar platform operating on Dapper Labs’ Movement blockchain.

“Thrilled to be becoming a member of the Genies Board of Administrators to assist Akash Nigam and firm empower people to create the ‘cell apps of Web3’: avatar ecosystems,” Iger mentioned on the time.

Iger was nonetheless at Disney as an government and board chairman when the corporate filed for a metaverse-related patent on Dec. 28.

The patent was for a “virtual-world simulator in a real-world venue,” and in accordance with the submitting, would permit guests to Disney theme parks to make use of cell phones to generate and venture personalised 3D results onto close by bodily areas, resembling partitions and different objects.

Nonetheless, Disney mentioned on the time there have been “no present plans” to make use of the “virtual-world simulator” patent, and the corporate has but to announce any merchandise associated to the patent.

Associated: Silicon Valley tech CEOs are usually not huge followers of metaverses

In response to the Hollywood Reporter, Iger’s return will reportedly solely be non permanent, although, with Iger solely agreeing to function Disney’s CEO for the subsequent two years. 

Throughout his new time period as CEO, Iger will reportedly work with the board to set the strategic course for the corporate and work to develop a successor.

In his absence, Disney has continued to work towards tasks involving the metaverse, nonfungible tokens (NFTs) and blockchain all year long.

In September, Disney began hiring a principal counsel to work on transactions involving NFTs, the metaverse, blockchain and decentralized finance (DeFi).

Particularly looking for somebody to supply “full product life cycle authorized recommendation and help for international NFT merchandise” and guarantee they adjust to all present legal guidelines and laws on United States soil and internationally.