Thursday, June 1, 2023

Former Disney CEO Joins Metaverse


Bob Iger has joined the Genies board of directors after stepping down as chairman of Disney last year.

Iger is the former CEO and Chairman of Disney, a multinational media and entertainment company based in the United States. He has made a personal investment in Genies, a firm that develops digital avatar technologies. After that, he joined the board of directors of a metaverse company situated in Los Angeles.

As a result, the executive will collaborate with other Genies board members. This includes Mary Meeker of Bond, Rick Yang of NEA, and Akash Nigam and Evan Rosenbaum, co-founders of Genies.

Iger’s Enthusiasm about Genies

Iger is a new Genies investor. Breyer Capital, Bond Capital, and New Enterprise Associates are among the company’s other investors.

Furthermore, he discussed the present situation. He stated that the combination between technology and art has always piqued his interest. Genies offers a one-of-a-kind and compelling ways to harness the power of the combination. This opens up new avenues for expression, creativity, and communication.

Additionally, he is really enthusiastic about the company’s objective and is eager to collaborate with the entire team. He’ll assist Genies in achieving its goal of empowering humanity to develop their own web3 avatar ecosystems.

Iger served as Disney’s CEO for fifteen years (from 2005 to 2020) until stepping down as chairman last year. Indeed, Iger was the driving force behind Disney’s purchases of Pixar, Lucasfilm, and Marvel Entertainment. It includes the launch of Disney+, a streaming platform.

Increase Access on Wearable Digital Goods

Genies is a mobile software firm based in California that allows users to clone themselves. In 2017, Akash Nigam and Evan Rosenbaum founded Genies. The avatar technology company in the United States continues to create digital avatars for individuals and communities.

Furthermore, Genies is a consumer software that allows users to build fully customized avatars for use in apps like WhatsApp, Facebook Messenger, Instagram, iMessage, Giphy, and others. It also offers a software development kit (SDK) that allows businesses to integrate their own branded avatar experience and online marketplace into their apps. Avatar Agency, which develops digital replicas of its customers, is also owned by the company.

Mary Meekeer joined the Genies board of directors in May. This was after leading a $65 million Series B financing round in the metaverse startup. The fundraising round also included participation from EA, Breyer Capital, Tull Investment Group, NetEase, Dapper Labs, and Coinbase Ventures.

Genies began providing non-fungible tokens (NFTs) in collaboration with celebrities in 2021. Shawn Mendes, Warner Music Group, and Universal Music Group are among those involved. They will be their official avatar and NFT provider for digital goods.

Aside from such tailored opportunities, Genies has been testing mass consumer avatar tools.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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