NFT For Celebrities: Dapper Labs Funds On Genies, An Avatar Creation Platform

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One of the most prominent firm in the NFT industry is Dapper Labs, the firm behind NBA Top Shot. Top Shot’s success and demand skyrocketed earlier this year, with more than $500 million in trading volume to date. Now, Dapper Labs is focusing on what could be the next big thing in crypto collectibles: Genies, a cartoonish avatar-creation site with a slew of celebrity endorsements. After NBA Top Shot, Genies will be Dapper Labs’ next NFT marketplace to launch on the Flow blockchain, and the company just announced a $65 million Series B funding round, with Dapper entering the mix. VCs Bet On NFT Dapper Labs, Coinbase Ventures, Polychain Capital, and Hashkey Capital are said to have participated in the round. Bond Ventures led the $65 million round, with NEA, NetEase, Breyer Finance, and Tull Investment also participating. Genies intends to use the funds to support the forthcoming NFT marketplace…

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