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

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

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

While Iger is most well-known for serving 15 years as the CEO of the world leisure conglomerate, the Disney government turned known in the crypto neighborhood after turning into a director, advisor and investor in Genies, a digital avatar platform operating on Dapper Labs’ Flow blockchain.

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

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

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

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

Related: Silicon Valley tech CEOs will not be huge followers of metaverses

According to the Hollywood Reporter, Iger’s return will reportedly solely be momentary, although, with Iger solely agreeing to serve as Disney’s CEO for the subsequent two years. 

During his new time period as CEO, Iger will reportedly work with the Board to set the strategic course for the firm and work to develop a successor.

In his absence, Disney has continued to work in direction of tasks involving the metaverse, NFTs and blockchain all through the 12 months.

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

Specifically in search of somebody to offer “full product life cycle authorized recommendation and help for world NFT merchandise” and guarantee they adjust to all present legal guidelines and laws on United States soil and internationally.