Image default
Blockchain

Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Bob Iger, the previous CEO and chairman of the US diversified multinational mass media and leisure conglomerate Disney, has made a private funding in Genies, a digital avatar expertise firm, adopted by becoming a member of the board of the Los Angeles-based metaverse agency.

Webp.net-resizeimage - 2022-03-15T104419.602.jpg

Iger, who stepped down as chairman of Disney final yr, has joined the Genies board. Therefore, the chief will work alongside different Genies board members, together with Bond’s Mary Meeker, NEA’s Rick Yang and Genies co-founders Akash Nigam and Evan Rosenbaum.

Iger is a brand new investor in Genies. Other traders in the corporate embrace Breyer Capital, Bond Capital, and New Enterprise Associates.

Iger talked concerning the growth and stated:

“I’ve always been drawn to the intersection between technology and art, and Genies provides unique and compelling opportunities to harness the power of that combination to enable new forms of creativity, expression and communication. I am very excited about the company’s vision, and I look forward to working with the entire team. I will help Genies navigate its mission to empower humans to create their own avatar ecosystems (avatars, avatar fashion lines, avatar worlds, and avatar experiences) in web3.”

Iger was the CEO of Disney for fifteen years (from 2005 to 2020) and stepped down as the corporate’s chairman final yr. While Iger was the top of Disney, he spearheaded the acquisitions of Pixar, Lucasfilm, and Marvel Entertainment and the launch of the streaming platform Disney+.

Increasing Access for Wearable Digital Goods

Genies is a California-based cellular app firm that enables customers to clone themselves. Founded by Akash Nigam and Evan Rosenbaum in 2017, the US avatar expertise agency continues to construct digital avatars for folks and communities.

Genies client app permits customers to create totally personalised avatars for use in apps equivalent to WhatsApp, Facebook Messenger, Instagram, iMessage, Giphy, and plenty of extra. Genies additionally supplies a software program growth equipment (SDK) that allows companies to create their branded avatar expertise and on-line market instantly in their apps. The agency additionally owns an Avatar Agency that creates digital variations of its clients.

Last May, Mary Meekeer joined the Genies board when she led a $65 million Series B funding spherical into the metaverse firm. EA, Breyer Capital, Tull Investment Group, NetEase, Dapper Labs and Coinbase Ventures additionally participated in the funding spherical.

In 2021, Genies began providing non-fungible tokens (NFTs) in partnership with celebrities equivalent to musician Shawn Mendes, Warner Music Group, Universal Music Group, amongst others, to be their official avatar and digital items NFT supplier. Besides such focused alternatives, Genies has additionally began rolling out mass client avatar instruments in beta.

 

Image supply: Shutterstock

Related posts

Polish Crypto Payments Firm Ramp Network Raises $52.7M in Series A Funding

Crypto Advisor

Climate Activists, Billionaire Launch Campaign to Tackle Bitcoin’s Impact on Environment

Crypto Advisor

Ethereum Stays Steady Above $3,000 Based on Heightened Social Engagement

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,081.80 0.40%
ethereum
Ethereum (ETH) $ 1,290.82 6.10%
tether
Tether (USDT) $ 1.00 0.29%
usd-coin
USD Coin (USDC) $ 1.00 1.33%
bnb
BNB (BNB) $ 271.24 2.35%
binance-usd
Binance USD (BUSD) $ 1.00 1.19%
cardano
Cardano (ADA) $ 0.455222 4.01%
xrp
XRP (XRP) $ 0.449574 15.28%
polkadot
Polkadot (DOT) $ 6.39 2.42%
solana
Solana (SOL) $ 32.03 2.06%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 2.76%
dogecoin
Dogecoin (DOGE) $ 0.059236 1.62%
staked-ether
Lido Staked Ether (STETH) $ 1,281.64 3.37%
matic-network
Polygon (MATIC) $ 0.742367 2.28%
tron
TRON (TRX) $ 0.059849 0.25%
dai
Dai (DAI) $ 0.999945 1.36%
avalanche-2
Avalanche (AVAX) $ 17.43 2.21%
ethereum-classic
Ethereum Classic (ETC) $ 28.34 1.25%
leo-token
LEO Token (LEO) $ 4.87 9.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,077.65 3.60%
uniswap
Uniswap (UNI) $ 5.67 5.16%
litecoin
Litecoin (LTC) $ 52.97 0.07%
cosmos
Cosmos Hub (ATOM) $ 14.69 4.77%
okb
OKB (OKB) $ 14.92 0.69%
ftx-token
FTX (FTT) $ 23.29 0.36%
terra-luna
Terra Luna Classic (LUNC) $ 0.000278 0.66%
near
NEAR Protocol (NEAR) $ 3.82 1.52%
chainlink
Chainlink (LINK) $ 7.00 0.56%
crypto-com-chain
Cronos (CRO) $ 0.106345 3.09%
monero
Monero (XMR) $ 140.63 0.26%
stellar
Stellar (XLM) $ 0.11728 4.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 115.14 0.74%
algorand
Algorand (ALGO) $ 0.364406 16.47%
flow
Flow (FLOW) $ 1.68 1.58%
vechain
VeChain (VET) $ 0.022771 1.97%
eos
EOS (EOS) $ 1.23 0.91%
internet-computer
Internet Computer (ICP) $ 6.01 1.89%
filecoin
Filecoin (FIL) $ 5.44 2.94%
chain-2
Chain (XCN) $ 0.075067 12.59%
frax
Frax (FRAX) $ 0.999315 1.58%
hedera-hashgraph
Hedera (HBAR) $ 0.0595 3.48%
decentraland
Decentraland (MANA) $ 0.71064 1.25%
apecoin
ApeCoin (APE) $ 5.81 2.79%
the-sandbox
The Sandbox (SAND) $ 0.882747 4.70%
tezos
Tezos (XTZ) $ 1.49 3.20%
quant-network
Quant (QNT) $ 103.02 2.43%
axie-infinity
Axie Infinity (AXS) $ 12.32 0.42%
aave
Aave (AAVE) $ 75.48 0.29%
lido-dao
Lido DAO (LDO) $ 1.76 5.34%
elrond-erd-2
Elrond (EGLD) $ 47.25 1.47%
theta-token
Theta Network (THETA) $ 1.10 6.17%
true-usd
TrueUSD (TUSD) $ 1.00 0.82%
chiliz
Chiliz (CHZ) $ 0.247763 8.11%
bitcoin-sv
Bitcoin SV (BSV) $ 48.90 0.19%
compound-usd-coin
cUSDC (CUSDC) $ 0.022655 0.20%
paxos-standard
Pax Dollar (USDP) $ 0.998493 1.86%
kucoin-shares
KuCoin (KCS) $ 8.84 1.22%
bittorrent
BitTorrent (BTT) $ 0.0000007834209 0.03%
ecash
eCash (XEC) $ 0.000039 0.89%
the-graph
The Graph (GRT) $ 0.099761 3.71%
iota
IOTA (MIOTA) $ 0.2681 2.66%
zcash
Zcash (ZEC) $ 54.46 0.33%
huobi-btc
Huobi BTC (HBTC) $ 19,068.86 0.81%
usdd
USDD (USDD) $ 0.99919 0.87%
huobi-token
Huobi (HT) $ 4.47 1.92%
evmos
Evmos (EVMOS) $ 2.40 3.48%
havven
Synthetix Network (SNX) $ 2.41 2.82%
cdai
cDAI (CDAI) $ 0.022085 1.55%
maker
Maker (MKR) $ 637.65 3.71%
bitdao
BitDAO (BIT) $ 0.490639 0.05%
klay-token
Klaytn (KLAY) $ 0.207286 0.50%
neutrino
Neutrino USD (USDN) $ 0.958917 0.56%
fantom
Fantom (FTM) $ 0.229723 1.49%
compound-ether
cETH (CETH) $ 25.91 5.94%
neo
NEO (NEO) $ 8.36 0.78%
helium
Helium (HNT) $ 4.62 4.81%
gatechain-token
Gate (GT) $ 4.22 0.55%
defichain
DeFiChain (DFI) $ 0.818985 1.29%
radix
Radix (XRD) $ 0.058401 1.57%
celsius-degree-token
Celsius Network (CEL) $ 1.64 5.54%
pax-gold
PAX Gold (PAXG) $ 1,667.73 0.09%
pancakeswap-token
PancakeSwap (CAKE) $ 4.40 3.66%
thorchain
THORChain (RUNE) $ 1.62 0.22%
osmosis
Osmosis (OSMO) $ 1.24 5.16%
zilliqa
Zilliqa (ZIL) $ 0.033009 5.55%
enjincoin
Enjin Coin (ENJ) $ 0.476315 1.72%
nexo
NEXO (NEXO) $ 0.926255 4.08%
arweave
Arweave (AR) $ 9.93 5.20%