{"id":241557,"date":"2021-05-04T08:40:23","date_gmt":"2021-05-04T05:40:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dapper-labs-backed-nft-avatar-platform-raises-65m-in-funding\/"},"modified":"2021-05-04T08:40:23","modified_gmt":"2021-05-04T05:40:23","slug":"dapper-labs-backed-nft-avatar-platform-raises-65m-in-funding","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dapper-labs-backed-nft-avatar-platform-raises-65m-in-funding\/","title":{"rendered":"# Dapper Labs-backed NFT avatar platform raises $65M in funding"},"content":{"rendered":"<p>&#8220;<strong># D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>er Labs-backed NFT avatar platform raises $65M in funding <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZGY3N2Q0OWItNjE0ZS00NWRmLTk3YjctNzZmNWE4ZjViN2E5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Digital avatar developer, Genies, has raised $65 million to build an NFT marketplace for digital avatars on the Flow blockchain led by several heavyweight investors, including Flow\u2019s developers, Dapper Labs.<\/p>\n<p>SEC filings dated May 3 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1560253\/000156025321000002\/xslFormDX01\/primary_doc.xml\">reveal<\/a> the California-based company recently\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/venturebeat.com\/2021\/05\/03\/genies-raises-65m-to-boost-avatars-for-virtual-identity-and-wearable-digital-goods\/\">closed<\/a> a $65 million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding round led by investment firm Bond, alongside Coinbase Ventures, Tull Investment Group, Breyer Capital, and Dapper Labs.<\/p>\n<p>The $65 million is slated to fund the development of Genies\u2019 NFT Marketplace, which will allow users to create and trade tokenized avatars, in addition NFT clothing worn by the avatars. Genies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/ninabambysheva\/2021\/04\/28\/dapper-labs-reveals-plans-for-next-nft-marketplace-after-nba-top-shot\/?sh=4212ec7c7019\">expects<\/a> to launch its marketplace in beta during the third quarter of this year.<\/p>\n<p>In a tweet revealing the funding, Genies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/genies\/status\/1389332276819873794\">stated<\/a> it hopes to become the single \u201cvirtual portable identity across the digital world,\u201d offering users a means to express themselves within the virtual metaverse.<\/p>\n<p>Genies launched in 2017, initially targeting for its avatars to be used on centralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> and messaging platforms. On April 29, Genies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/genies\/status\/1387489118351892485\">announced<\/a> it would be teaming up with Dapper Labs to launch a Genies marketplace on the Flow blockchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Move over NBA Top Shot  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dapperlabs?ref_src=twsrc%5Etfw\">@dapperlabs<\/a> has a new pet project. The Genies Marketplace is on track for a beta release this summer\u26a1\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Oui29g1sqa\">https:\/\/t.co\/Oui29g1sqa<\/a><\/p>\n<p>\u2014 GENIES (@genies) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/genies\/status\/1387489118351892485?ref_src=twsrc%5Etfw\">April 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In an interview with VentureBeat\u2019s gaming division, Genies\u2019 CEO, Akash Nigam, noted the firm is transitioning to target a broader audience after initially planning to offer celebrities customized avatars to use in the context of digital events and launches. <\/p>\n<p>Nigam stated the platform will host simple and intuitive tools allowing kids as young as six to \u201ccreate their own digital wearable and goods collection and then release it in the marketplace and sell to the masses as well.\u201d<\/p>\n<p>In March, Genies <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/niftygateway.com\/collections\/mesutozilopen\">released<\/a> a series of NFTs in March commemorating pro-soccer player Mesut Ozil\u2019s move from Arsenal F.C to Galatasaray in the firm\u2019s first foray into nonfungible tokens. The tokens were auctioned on Nifty Gateway, with Genies selling out of 518 tokens for $670 each, or roughly $347,000. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dapper-labs-backed-nft-avatar-platform-raises-65m-in-funding\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dapper Labs-backed NFT avatar platform raises $65M in funding &#8221; Digital avatar developer, Genies, has raised $65 million to build an NFT marketplace for digital avatars on the Flow blockchain led by several heavyweight investors, including Flow\u2019s developers, Dapper Labs. SEC filings dated May 3 reveal the California-based company recently\u00a0closed a $65 million Series&#8230;<\/p>\n","protected":false},"author":1,"featured_media":241558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZGY3N2Q0OWItNjE0ZS00NWRmLTk3YjctNzZmNWE4ZjViN2E5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,95118,117],"class_list":["post-241557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-nft","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/241557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=241557"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/241557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/241558"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=241557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=241557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=241557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}