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ICYMI: Disney is preparing to enter the Metaverse

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TL;DR

TL;DR Breakdown:

  • CEO Bob Chapek recently hinted that they are working on launching Disney Metaverse.
  • It would unlock “limitless potential” for enhancing entertainment experience for both the physical and digital world, he said. 

The buzzword Metaverse has been making rounds over the recent months, especially since Facebook announced its foray into the emerging technology. It will become a groundbreaking medium to connect the physical and digital world, and Disney has started to consider moving into it, according to the words of the CEO Bob Chapek.

Disney is creating its own Metaverse

During the recent Disney earnings call, Chapek mentioned remarked that the leading entertainment and media conglomerate has had a long history of adopting early technologies to enhance entertainment experience in both the physical and digital world. To continue on this record, Chapek hinted they are considering their own Metaverse.

The company said it sees limitless potential with enriching its customer experience on the Metaverse. 

“[…]Our efforts to date are merely a prologue to a time when we’ll be able to connect the physical and digital worlds even more closely, allowing for storytelling without boundaries in our own Disney metaverse, and we look forward to creating unparalleled opportunities for consumers to experience everything Disney has to offer across our products and platforms, wherever the consumer may be,” the CEO added.

Top companies in Metaverse

Although the company reported a slowdown in growth with Disney+, the words from Chapek show they are excited about the future of the company with the Metaverse. 

Facebook and Nike are some other top companies that recently made a move towards Metaverse. However, many people believe Disney Metaverse announcement is a milestone, and it will drive more awareness to the emerging space. 

All the developments and news around Metaverse are creating a bullish momentum for many related stocks, indexes, and cryptocurrencies. In a recent article, Cryptopolitan mentioned ten Metaverse-related coins and stocks to watch.  

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Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

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