Genies has recently been launched to give users the ability to dress up their virtual avatars. It uses Dapper Lab’s Flow Blockchain technology and partners with celebrities to give users their own unique virtual identities. This virtual avatar creation app is available for both iOS and Android smartphones.
Genies is a virtual avatar creator
A new venture led by Silver Lake will fund Genies, a Venice, California-based company. The money will help the startup expand its product and services. The company, which has grown to more than 100 employees, hopes to make avatars a reality in the future. It also has partnered with Universal Music Group and Warner Music Group to help its customers create avatars.
Genies was founded in 2017 by Nigam and Evan Rosenbaum. The company released its first avatars a couple of years later. Since then, it has signed on some big-name celebrities as customers. It’s expected to launch a secondary digital goods marketplace in 2021. Genies also plans to release its own software development kit (SDK) to allow developers to create their own avatars. The company will also release tools to help them monetize their avatars. And it’s working on a social network where avatars can interact with each other.
Genies has raised $65 million to further develop its avatar creator. Its platform enables consumers of all technical skills to create avatars, such as fashion and home designs. The avatar creator also provides full ownership rights to creators. As a result, creators can start their own brands, create shows, or even launch a fashion line. In this way, the company hopes to build a new digital identity ecosystem for all.
Genies also offers an online marketplace for users to customize their avatars. Users can choose from an array of accessories and hairstyles, as well as create limited-edition digital goods.
It allows people to create their own web 3-native avatars
Genies is a company that provides tools to help people create their own web 3-native avatars. The company’s tools enable people of all technical levels to create and customize avatars. They can design their avatar’s home, clothing collections, and even their own brand. They also have full ownership rights to their creations. That means they can sell or re-brand them any way they want.
The company recently announced a $150 million Series C round led by Silver Lake, bringing the company’s total funding to $1 billion. The round also includes participation from existing investors. Genies allows people to create custom avatars that can be used to create wearable fashion lines, virtual worlds, and interactive experiences.
The startup also recently launched The Warehouse, a NFT marketplace where creators can sell, trade, and buy other people’s creations. They also intend to use the funds to hire employees and make investments in the avatar universe.
It uses Dapper Lab’s Flow Blockchain
Genies is a blockchain-based platform that aims to create a universal, single, portable digital identity for people across the internet. Initially targeting centralized platforms, Genies has partnered with Dapper Labs to create the Genies marketplace on the Flow blockchain.
Flow blockchain technology powers the avatar-based marketplace. Genies is building a platform that will make avatars more customizable and allow people to create them and trade them. Dapper Labs’ Flow Blockchain will power Genies’ avatar system, which will launch later this year. Dapper Labs, the creators of NBA Top Shot, is a major backer of Genies.
Flow Blockchain technology powers Genies’ avatars and the wearable NFTs that will be distributed to users. The system will also allow users to create collections of NFT wearables and trade them. As it expands, Genies is hoping to use the Flow Blockchain to expand its user base.
Dapper Labs has also been working to convince investors to put their money into NFT technology. The firm is also behind NBA Top Shot, which has generated more than $500 million in trading volume. Dapper Labs’ next big project is Genies, an avatar-creation website with celebrity endorsements. Genies has just announced a $65 million Series B funding round.
It partners with celebrities
Genies is a digital avatar startup that has partnered with a variety of high-profile celebrities. Its recent release of its long-awaited NFT storefront, “The Warehouse,” is just one example. The company has attracted heavy-weight tech investors and raised $1 billion in valuation in its last funding round.
While largely focused on the video game industry, Genies also intends to develop a digital identity ecosystem for consumers. The aim is to allow users to move freely between different platforms and use their Genies avatars to express themselves through digital communities.
The new funding round will help Genies expand its business model beyond celebrity-exclusive beta versions of its product. The company plans to launch new products and expand its partnership with other entertainment companies. It will focus on the creation of new products and services based on its avatar creator, which was developed in collaboration with celebrities.
Genies has also partnered with Decentraland, a decentralized 3D virtual world powered by the Ethereum blockchain protocol. The new technology allows for digital items to be traded and distributed with the help of a blockchain. The platform will feature non-fungible tokens, which can be used to create unique digital items. The company has also partnered with Dapper Labs, creators of the NBA Top Shot game.
The company plans to launch a secondary digital goods market in 2021. Users will be able to buy Genies avatars for a digital currency. They can then use these to buy and sell digital fashion items. The company also plans to offer a platform for fashion designers to sell their products.
It raises $65 million in funding
Genies is an avatar platform that gives teens the power to create their own digital goods and wearables. The startup has raised $65 million in funding led by Bond, the firm founded by Mary Meeker. The company also secured investments from Dapper Labs, Coinbase Ventures, and Polychain. The funds will be used to expand its virtual goods marketplace. Dapper Labs, for example, will provide the backend for the Genies avatar storefront.
The Genies team says they plan to make their avatars compatible with a variety of centralized platforms. In addition, Genies has partnered with Dapper Labs to develop a marketplace for Genies on the Flow blockchain. The goal is to create a virtual, portable identity that people can use anywhere.
Genies was founded in 2017 and provides users with a styled virtual avatar creation platform. They have apps for Android and iOS that let users create a digital persona. The Genies platform also lets users customize and dress up their digital personas.
The Genies team plans to roll out hundreds of partnerships with other companies. This will allow Genies users to carry their Genie everywhere, including the web. Recently, the company partnered with Giphy, which has 700 million active users. Giphy is a search engine for animated GIFs, and its integration with Genies will make it easier for Genies Avatars to be dropped into text chat conversations.
Genies is working with a wide range of celebrities, from Justin Bieber to Rihanna. Its business revolves around high-profile partnerships to create a digital presence for its celebrity clients. The company has also begun rolling out its beta mobile apps to the general public. Genies is focusing on building a large base of avatar users, which will be compatible with multiple platforms.