Disney Bets on The Metaverse

A VR environment with your favorite theme park experience coming soon

Blockworks @Blockworks_

OFFICIAL: Disney is officially creating its own Metaverse after its CEO announced plans to do so in November.

This is the no-brainer of the century. Web3 is decentralized Hollywood, and they have a great content library for kids and adults. So it’s only natural that they will port it over to their own metaverse.

Will this hurt their theme parks?

Not for a very, very long time. It will take 10 - 20 yrs to get to the point where families will skip going on vacation to Disney World or Disney Land.

m0rgan.ethᵍᵐ 💎🙆🏼‍♀️🆘 @Helloimmorgan

BREAKING: according to multiple sources @WaltDisneyCo is officially creating its own Metaverse after its CEO “Bob Chapek”announced plans to do so in November “A VR environment enabling Disney fans to take part in games and theme park-like experiences without hopping on a plane”

CEO Bob Chapek describes it as a “VR environment enabling Disney fans to take part in games and theme park-like experience without hopping on a plane.”

Sounds kind of like the start of the Matrix to me. I’m both excited and scared at the potential of a Disney metaverse. I also can’t help by think of Banksys art exhibit called Dismaland.

Anyways, Expect more big studios to place big bets on the metaverse in the near future.