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A16z Crypto has been minting plenty of NFT unicorns this year. In July, they backed NFT marketplace OpenSea at a $1.5 billion valuation. They participated in a September raise for NBA Top Shot-maker Dapper Labs, which valued the company at a whopping $7.6 billion. Just last month, they backed the team behind play-to-earn crypto game […]
The NFT craze of the past year has triggered an avalanche of crypto capital flowing into art, trading card games, luxury avatars and digital objects, but so far, institutional investment firms have largely been keeping a watchful eye on the blockchain-based goods while reserving their capital pools for equity bets on the platforms behind them. […]
Avatar startup Genies scores $65 million in funding round led by Mary Meeker’s Bond Over the past several years I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around. But by netting a string of successful partnerships with celebrity musicians, LA-based Genies has come closer than any startup before it to realizing the full vision of a wide-reaching avatar platform. T...