Silver Lake Wins $150M in NFT Platform Genies

Genies, a non-fungible token (NFT) platform, raised $150 million in its recent funding round led by private equity firm Silver Lake to further its Web 3 ambitions. The New York Times DealBook first reported the news.

  • The latest round of funding for the U.S.-based company values it at $1 Billion the company said Tuesday. The investment will support it because it offers tools to create characters and sell them online.
  • DealBook’s co-chief executive, Egon Durban, said that it can be a small or large company.
  • In May last year, Genies raised a $65 million round led by Mary Meeker’s Bond Capital with participation from Dapper Labs, Polychain, Coinbase Ventures, Hashkey and others.
  • In December, the company partnered with the Universal Music Group, enabling Universal’s musicians to create digital versions of themselves.
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