Walt Disney Co. has canceled its metaverse division and laid off the 50-member team as it plans company-wide job cuts, WSJ reported. thesamreynolds writes
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 Sandbox’s SAND is flat.
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