It’s no secret that Genies, the avatar creation, and marketplace app, is on the NFT radar. It has been linked with celebrities in recent promotional efforts. Its partnership with Dapper Labs was announced in late 2020. The marketplace is the next NFT initiative to be unveiled on Flow, with a beta version set to debut in Q3 2021. But what sets Genies apart?
The Genies NFT Marketplace is a new type of virtual self-expression
The Genies nft marketplace is bringing a new way to express one’s identity and brand in virtual worlds. The Genies platform will allow users to design their own avatars and purchase digital goods that celebrities sell on their websites. In addition to avatars, users can also create and sell their own limited-edition items through their profiles. Genies are already partnered with Giphy, a search engine for animated GIFs, which are recorded in graphic exchange format.
The Genies NFT marketplace is still in the early stages, but the service already boasts partnerships with high-profile celebrities and blockchain startup Dapper Labs. Dapper is the company behind the popular licensed collectible NBA Top Shot. The Genies app has a partnership with Warner Music Group, which allows artists to turn cultural moments and artistic endeavors into digital wearables drops that can be used on a Genie avatar.
The Genies NFT marketplace is aiming to create a new way to express one’s personality in virtual worlds. Genies partners with established brands, including Disney and Warner Music Group. The company has secured investment from both Coinbase Ventures and Mary Meeker. Founder and CEO Akash Nigam recently spoke on “Squawwbox” to discuss the Genies marketplace and the growing role of digital avatars in society.
It’s an avatar creation app and marketplace without blockchain tie-ins
If you’re looking for an avatar creation app and marketplace that doesn’t involve blockchain ties, look no further than Genies. The company has partnered with celebrities, including Justin Bieber, Migos, and Rihanna, and even signed a licensing agreement with Universal Music Group NV. The beta version of Genies is expected to launch in Q3 2021.
The genies NFT Marketplace does not involve any blockchain tie-ins and has no cryptocurrency tie-ins. The company is focused on creating an app that allows users to create avatars that will be used on a variety of platforms, including messaging services, games, and virtual spectator spaces. While it may not be blockchain-tied, its focus is on providing a unique and fun avatar creation experience for its users.
The NFT Marketplace will be available to non-crypto currency users, but the Genies app does include a store where celebrities can drop exclusive virtual goods. It also includes a marketplace that will enable users to create, resell, and resell NFT-enabled wearables. As of today, Genies has partnered with many big names, including Justin Bieber, Cardi B, and Dapper Labs investor Shawn Mendes.
The Genies app and marketplace are available to non-blockchain users as a mobile application. It lets users create a digital avatar and access a Drop Shop with digital accessories and wearables. Genies also offer a starter pack for free to encourage users to shop for additional items. This is a great opportunity for new or experienced gamers alike. This platform will also allow users to earn extra income from affiliate marketing.
It’s a bet on Dapper’s brand of blockchain
Dapper’s NFT blockchain is a bet on a different model of distributed exchanges that has some similarities to the Genies model, which is built around selling digital apparel within a native mobile app. Dapper’s NFT blockchain is less decentralized than some of its competitors, and it may have lower fees and higher transaction capacity, and it may offer developer-friendly features that appeal to web3 “luxuries,” like processing credit cards.
Earlier this month, Dapper announced a $305 million Series B round led by Michael Jordan’s Bond firm, NEA, Tull Investment Group, and Breyer Capital. Dapper and Genies also announced a partnership with celebrity avatar maker Genies. The two companies are also planning to expand their service to other sports. Genies are currently focused on the NBA but are hoping to expand to other sports in the future.
Dapper Labs, which helped build the NBA Top Shot blockchain, has since expanded its focus to other digital collectibles. It now has more than 500 million in trading volume. Genies are also betting on Dapper’s brand of blockchain with a bet on their next project, the NFT marketplace called Genies. Dapper’s brand of blockchain has already gotten big endorsements from popular celebrities like Kylie Jenner and LeBron James.
In addition to the NFL, the new venture plans to bring NFTs to other sports as well. The company has partnered with the top Spanish soccer league, La Liga, to develop digital collectibles for the NBA. Dapper is also working with the NFL to bring its digital collectibles to other sports, including the Ultimate Fighting Championship. It’s difficult to say how successful these efforts will be. However, the NFL’s decision to license the platform to other teams is a bet on the new company’s brand of blockchain.
It’s a bet on Flow
The NFT (network-based transaction technology) marketplace is one of the largest releases to hit Flow since NBA Top Shot, and Dapper is already seeking trial developers and users to help it test its products. However, it is the platform’s lack of mainstream consumer appeal that puts it on the radar of investors and developers. In addition to being a bet on flow, Dapper wants to learn from its mistakes of the NBA Top Shot, which had trouble keeping up with its growing audience and disappointed early adopters.
Despite a limited user base and the lack of adoption, Genies has managed to attract a large number of high-profile celebrity partnerships. Its broader vision of the future of the web is not only backed by its celebrity investors, but the company has also openly embraced the potential of NFTs. In April, it announced a partnership with Universal Music Group, which will provide avatars of artists from the label. It’s also backed by the risk bond fund, which financed the $65 million Series B.
In addition to its NFT marketplace, Genies is working on an avatar development SDK and has a partnership with Gucci. It’s also collaborating with Giphy to enable users to create GIFs from their avatars, which are then shared with others. Genies also plan to launch its first beta version in Q3 2021. Flow is expected to support Genies’ platform through 2021, so investors should be on the lookout for Genies.