Blockchain Adoption Continues As Ticketmaster Launches Token-gated Ticket Gross sales

Leisure powerhouse The Walt Disney Firm has reportedly shut down its metaverse division.

Disney’s next-generation storytelling and consumer-experiences unit was chargeable for overseeing the corporate’s metaverse technique. All the division of fifty staff is reported to have been laid off.

The transfer is a part of a broader restructuring which can see Disney scale back its workforce by roughly 7,000 employees and lower its price range by $5.5B, and comes at a time when the corporate goes by means of a shakeup after its streaming service Disney+ misplaced almost 2.4 million subscribers within the first quarter.

Disney isn’t the one main company to desert its Web3 plans. Earlier this month, social media large Meta introduced that it’s going to not assist NFTs throughout its platforms after incorporating them lower than a 12 months in the past.

In accordance with an October 2022 report, even Meta staff had been reluctant to make use of its metaverse venture, citing main high quality points.

NFT Adoption Continues

Different Web2 firms proceed to experiment with blockchain know-how, nonetheless.

Retail large Amazon is ready to launch its personal NFT market in April.

Amazon To Reportedly Launch NFT Market Subsequent Month

Platform Will Possible Not Assist Crypto Belongings

On March 27, Ticketmaster, a number one ticket reserving and distribution service, launched token-gated ticket gross sales. Steel band Avenged Sevenfold and its Web3 workforce collaborated with Ticketmaster to develop the brand new characteristic.