Former Walt Disney CEO Bob Iger Backs Metaverse Startup

Bob Iger Gid 6

In quick

  • Bob Iger, a longtime Disney component, signed up with NFT manufacturer Genies
  • LA-based Genies has actually raised $100 million and has client that consist of significant record labels

Bob Iger, the previous CEO of the Walt Disney Company, revealed today on Twitter he is signing up with the board of directors of Genies, a digital avatar platform developed on the Flow blockchain, a procedure for NFT antiques and massive crypto video games.

Iger worked as CEO of the Disney business from 2005 to 2020. At Genies, Iger will serve in an advisory function.

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“Thrilled to be signing up with the @genies Board of Directors to assist @akashrnigam and business empower people to produce the “mobile apps of web3″: avatar environments,” Iger tweeted.

Since introducing in December 2016, Los Angeles- based Genies has actually raised $100 million in financing, consisting of a $65 million round in 2021 led byMiami Group That very same year, Genies signed collaborations with Universal Music Group and Warner Music Group to end up being the main service provider of avatars and NFTs for artists at the music labels.

Genies co-founder and CEO, Akash Nigam explains Genies avatars as a mix of various NFTs used by a digital avatar that users can purchase, trade and offer with other collectors.

In an interview with Decrypt, Nigam described that after conference Iger, he provided the magnate the possibility to get “under the hood” of Genies to have fun with all the platform’s innovation and acquire an understanding of what the service is everything about.

“I’m discovering a lot and anticipating assisting [Genies] satisfy their vision,” Iger published while revealing his brand-new digital avatar.

According to Nigam, the concept for Genies followed he came across an avatar online, and felt that such images can encapsulate an individual’s sensations, feelings, and ideas in a manner that other types of web interaction do not accomplish.

“Our objective has actually been to provide avatars for the masses,” Nigam states. “We think that avatars are going to be the next kind of interaction.”

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