Genies, a nonfungible token (NFT) startup firm with a $1 billion value, has raised $150 million in Series C funding, making it the one of crypto-focused platform to achieve “unicorn” status.
Genies, a firm that specializes in avatar technology, was founded in 2017 with the goal of focusing on social media and messaging platforms. It’s now attempting to profit from the metaverse, a catch-all term for businesses attempting to connect the physical and virtual worlds. Users can design avatars for usage in virtual worlds using the platform. Dapper Labs designed the company’s NFT marketplace, branded “The Warehouse.”