Disney is in the process of laying off 7,000 staff, including its metaverse team, with its 50-strong headcount being let go, WSJ reports. Disney began developing its metaverse strategy in mid-2022, using blockchain 0xPolygonLabs.
Disney's metaverse plans were still unclear a year later, according to the WSJ.
The position Disney was looking to hire called for an experienced corporate attorney to"work on transactions involving emerging technologies, including NFTs, blockchain, metaverse and decentralized finance."that said Disney, alongside Electronic Arts and WWE, was expected to be one of the largest beneficiaries of non-fungible tokens.appeared to be unaffected by the news. Decentraland’s MANA token is up 1% in the last hour, while The Sandbox’s SAND is flat.
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