Disney has partnered with a cryptocurrency startup called Cryptoys to create a line of Star Wars-themed crypto toys. The toys will include digital collectibles and non-fungible tokens (NFTs) that can be stored on a blockchain and traded among collectors.

The Walt Disney Company has nixed its metaverse team as part of a wider round of layoffs, according to a report by the Wall Street Journal citing people familiar with the situation.

The first group of Disney employees being laid off will be notified this week, followed by two additional groups before the start of the summer, according to a staff memo seen by multiple outlets.

The Disney-backed Baobab Studios, that’s won nine Emmy Awards, has launched its own Ethereum-based NFT collection called Momoguro.

Bob Iger, CEO of Disney, has led the company through an unprecedented period of growth and expansion. In recent years, Disney acquired Marvel Entertainment, Lucasfilm Ltd., and 21st Century, Fox. Moreover, this has allowed the company to expand its content offerings, making it a powerhouse in the entertainment industry.

Metaverse-backer Bob Iger has announced a surprise return to his former role as CEO of Disney, taking over from now-former CEO Bob Chapek.