Genies, a non-fungible token (NFT) platform, raised $150 cardinal successful its caller backing circular led by backstage equity institution Silver Lake to further its Web 3 ambitions, according to a report by DealBrook.
The U.S.-based company's latest backing circular values it astatine $1 billion, according to the study published connected Tuesday. This concern volition assistance enactment it arsenic it provides tools to make and merchantability characters online.
"Sometimes it’s a tiny institution similar this, and different times it’s huge, ample companies that request to beryllium transformed,” Egon Durban, the co-chief enforcement of Silver Lake told DealBrook.
In May past year, Genies raised a $65 million circular led by Mary Meeker’s Bond Capital with information from Dapper Labs, Polychain, Coinbase Ventures, Hashkey and others.
Genies and Silver Lake were not instantly disposable for remark erstwhile contacted by CoinDesk.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Sign up for Market Wrap, our regular newsletter explaining what happened contiguous successful crypto markets – and why.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.