Digital avatar startup Genies raises $65M from Bond, Dapper Labs and Coinbase
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A startup that lets people bring their own virtual selves to life, Genies Inc., today announced $65 million in funding to expand its virtual identity marketplace and digital swag.
With this new capital, Genies seeks to build out its avatar technology and hook into the wave of interest in non-fungible tokens. NFTs allow people to use distributed ledger blockchain technology to own, buy, sell and trade digital artwork objects on marketplaces.
To do this, the Genie avatar system will continue to build out its own digital goods marketplace on Dapper Labs’ Flow – a blockchain platform built for apps, games and the digital assets that power them.