Non Cult Crypto News

Non Cult Crypto News

in ,

Disney launches NFT platform with Dapper Labs

The NFT platform, dubbed ‘Disney Pinnacle,’ will go live later this year.

Disney launches NFT platform with Dapper Labs

Join us on social networks

Disney has created a nonfungible tokens (NFT) platform together with blockchain and metaverse firm Dapper Labs.

According to the November 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace dubbed “Disney Pinnacle.” The platform will also include icons from Pixar as well as heroes and villains from the Star Wars galaxy, uniquely styled as collectible and tradable digital pins. “Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where they are in the world,” Dapper Labs’ CEO Roham Gharegozlou explained. 

The NFT platform will launch later this year on the Apple App Store for iOS, the Google Play store for Android and on the web. As of now, only a waitlist and a landing site exist on its official page. Disney Pinnacle is built on layer-one blockchain Flow, which was too, created by Dapper Labs. Previously, Ticketmaster elected to mint NFT event tickets on the Flow blockchain. 

Earlier this year, Disney decided to pull the plug on its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months. The metaverse division’s 50 or so members were left without a new employment contract. 

Founded in Vancouver, Canada, in 2018, Dapper Labs received a $15 million investment from Hong Kong Web3 creator Animoca Brands. In July 2023, Dapper Labs announced its third round of staff layoffs to year-to-date. The firm is known for its NFT brands such as CryptoKitties and NBA Top Shot.

Related: Disney reportedly scraps its metaverse division

This article first appeared at News

What do you think?

Written by Outside Source

USDV stablecoin backed by tokenized treasuries launches

Coinbase Urges Investors: Think Long-Term for Spot Bitcoin ETFs

Back to Top

Ad Blocker Detected!

We've detected an Ad Blocker on your system. Please consider disabling it for Non Cult Crypto News.

How to disable? Refresh

Log In

Or with username:

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

To use social login you have to agree with the storage and handling of your data by this website.

Add to Collection

No Collections

Here you'll find all collections you've created before.