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Former Disney CEO Bob Iger to invest in and join board of avatar tech company Genies

34839 former disney ceo bob iger to invest in and join board of avatar tech company genies

Bob Iger, former chairman and chief executive of the Walt Disney Co. DIS, -1.41% is investing in and joining the board of Genies, an avatar technology company. Iger will join Bond’s Mary Meeker, NEA’s Rick Yang, Genies CEO & co-founder Akash Nigam, and Genies co-founder Evan Rosenbaum on the board. “We believe that avatar ecosystems are going to be the mobile apps of web3,” Nigam said in a statement. Genies has a 99% share of the celebrity avatar market and has partnerships with Universal Music Group and Warner Music Group as their “official avatar and digital goods NFT provider,” according to the statement.

Source: Marketwatch

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