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Rumor: Is Disney About To Make A 'Big' NFT Acquisition?

Published 14/03/2022, 06:07
© Reuters.  Rumor: Is Disney About To Make A 'Big' NFT Acquisition?
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Walt Disney Co (NYSE: NYSE:DIS) is rumored to be making a big acquisition in the non fungible token (NFT) space, according to Outlier Ventures CEO Jamie Burke.

What Happened: Burke, an early investor in Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), and NFTs, tweeted about the rumored Disney purchase on Sunday.

“If it happens it would be the biggest deal to date for the industry,” Burk saide in a Twitter thread, adding that one of the replies had "got it."

His tweets also got the attention of Twitter Inc (NYSE: NYSE:TWTR) and Coinbase (NASDAQ:COIN) Global Inc (NASDAQ: COIN) backer Gary Vaynerchuk.

See Also: How To Buy Disney (DIS) stock

Why It Matters: Multiple commentators pitched their takes on the rumor and the possible Disney target.

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