Disney CEO Confirms Their Interest In The Metaverse

image of Disney CEO

Disney’s CEO has revealed that they are continuing to explore and develop their plans for the metaverse. Speaking at Disney’s biennial D23 Expo fan convention, Chief Executive of Walt Disney Co Bob Chapek described how the 98-year-old company will use the technology moving forward. 

image of Disney CEO Bob Chapek, speaking about metaverse on a stage

Disney is exploring how to use the metaverse, according to CEO Bob Chapek.

Disney has plans for the metaverse

A company as influential as Disney has to stay ahead of the current trends, and the speech by the CEO confirms this. By planning for the future, it can set standards for its competitors. In fact, the planning has already begun, as in the past year Disney has been quietly exploring how it can become involved in Web3.

For example, earlier this year, Disney hired Mike White to lead the newly formed Next Generation Storytelling and Consumer Experiences unit. In addition, they also hired Mark Bozon for their metaverse creative strategy. Notably, Mark spent 12 years at the tech giant Apple before joining Disney.

In an interview following the Disney convention,  CEO, Chapek said, “Disney is absolutely a lifestyle. The question is, how is our next-gen storytelling leveraging what we know about a guest uniquely in this Disney lifestyle, then serving unique experiences.”

How is Disney entering Web3?

Disney wants to use data from the physical and digital worlds to drive its metaverse policy, says the CEO. Data from theme park visits and consumer streaming habits are two sectors Disney is considering for their metaverse strategy.

Significantly, Disney has repeatedly described their metaverse vision as “next-generation storytelling.”. In the coming year, we will see what this looks like for the famous company. 

Finally, Disney has also been active in the NFT space. Working with VeVe, the NFT marketplace, they launched the ‘Golden Moments’ collection. This includes Spiderman, Mickey Mouse, Marvel, Pixar collections, and more.

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