Disney’s Latest Web3 Move Highlights Importance of NFT Attorneys

In a move that underscores the importance of attorneys in the NFT space, The Walt Disney Company announced it is looking to hire a corporate attorney who will provide legal advice and support for global NFT products among other responsibilities listed in the job description. This is the latest sign that major corporations are taking notice of what Web3 offers. As the NFT and DeFi industry grows, it will become increasingly crucial for NFT companies to have skilled legal representation. According to the recent job posting by the entertainment conglomerate – Disney is looking for someone who can help it navigate through legal risks and opportunities, and also ensure its NFT products are in compliance with current United States and International laws and regulations. NFT attorneys to streamline how Web3 works This move signals an aggressive push by Disney to stay ahead in the race of “emerging technologies” – NFTs and the Metaverse. Notably, Disney started exploring the NFTs segment last year when they started exploring these new technologies through experiments. With soaring valuations of $11 billion and counting, the NFT market is a hotbed for fraudulent activity. It often involves scammers minting a fake digital image that does not belong to them. Selling these ‘non-authentic’ coins breaches copyright laws as well contravenes multiple other local regulations. Hiring the best NFT attorney will help...