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Big news: Disney is introducing its new NFT platform in collaboration with Dapper Labs. Under the name Disney Pinnacle, this innovative NFT platform will be accessible by the end of the year. See all the details below.  Disney embraces NFT technology with Dapper Labs As anticipated, Disney recently announced a collaboration with Dapper Labs, a blockchain and metaverse company, to create a non-fungible token (NFT) platform.  The announcement, dated 14 November, reveals that Disney plans to tokenize its iconic cartoon characters from the last century through the NFT platform called Disney Pinnacle.  In addition, the platform also includes characters from Pixar and the Star Wars universe, presented in a unique style similar to collectible and exchangeable digital pins. Roham Gharegozlou, CEO of Dapper Labs, explains that fans around the world will be able to collect dynamic pins on their mobile devices and exchange them instantly and securely, regardless of their geographical location.  The NFT platform is scheduled to launch later this year and will be available on Apple’s App Store for iOS, the Google Play Store for Android, and online.  Currently, only a waiting list and a ‘landing’ site can be found on the platform’s official page. Disney Pinnacle is based on the layer-1 Flow blockchain, developed by Dapper Labs, the same blockchain on which Ticketmaster decided to coin tickets for NFT events.  Recall also that earlier this year, Disney shut down its metaverse division as part of a larger restructuring plan aimed at reducing operating expenses by $5.5 billion and laying off 7,000 employees in two months.  On the other hand, Dapper Labs, founded in Vancouver in 2018, received a $15 million investment from Hong Kong-based Web3 maker Animoca Brands.  In July 2023, Dapper Labs announced its third round of staff layoffs since the beginning of the year. The…

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Filed under: News - @ November 15, 2023 12:22 pm