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You can also see the official announcement here

In fact, not only do they turn those abilities off, but they steal them, gaining access to all of your opponents creatures activated abilities, and automatically fixing your mana to activate them

502.15i When a permanent phases out, any local enchantments or Equipment attached to that permanent phase out at the same time

The process verifies the card's authenticity and gives it a quality grade (i.e., Heavily Played, Mint, or Gem Mint), making it more valuable than an ungraded card

However, it appears that this very profitable card does not feature a single Disney character at all