NFT Genius, the creator of the Gaia NFT marketplace, announced $10.5M in a Series A funding round led by Dapper Labs, Spartan Labs, Commonwealth Asset Management, and Fundamental Labs. The company will use these funds to expand the Gaia NFT marketplace and NFT projects to mainstream consumers globally.
NFT Genius receives $150M valuation
NFT Genius, a company comprising a team of expert creators, storytellers, and developers dedicated to bringing innovation in the digital world to the NFT market, recently announced it received a $150M valuation from the world’s top investors.
The company recently held a Series A funding round led by Dapper Labs, Spartan Labs, Commonwealth Asset Management, and Fundamental Labs with participating investors from Spartan, One Football, and Unibanco.
“We have worked with Jeremy and the NFT Genius team for many years now and have witnessed firsthand how they are able to build world-class products and communities. We are excited to closely partner and scale out the Gaia marketplace to reach billions of mainstream consumers,” says Mik Naayem, co-founder at Dapper Labs.
NFT Genius utilizes the tools available on Flow blockchain and Dapper wallet as a payment method on Giai NFT Marketplace. In short, Dapper Labs is deeply involved with the project.
Seeing the successful completion of the funding round, co-founder of NFT Genius, Jeremy Born said, “We’re not just bucking the trend in terms of securing funding during this challenging time in the market, but we are the first in the industry to put the consumer front and center in a big way when it comes to investing in Web3.”
Previously backed by Mark Cuban, NFT Genius founded by Jeremy Born, Kurt Braget, and Karl Meier has been continuously leading the sports and NFT industry through its innovative projects.
NFT Genius is the creator of the Giai NFT marketplace, the biggest platform on Flow Blockchain for various sports, music, and art NFT projects. It is also the creator of a famous Basketball-themed generative art PFP NFT collection called Ballerz.
The platform recently announced a partnership with NBA Top Shot to list its NFT collection on the Giai NFT marketplace. NFT Genius has been taking bold steps to bring something new to the NFT market, which grabbed many investors’ attention.
NFTs: Going beyond Sports
With the huge investment, NFT Genius will expand and bring more NFT collections by doing deals with entertainment and culture brands.
The company has already partnered with various athletes and artists to showcase their talent on the Giai NFT marketplace, and now they plan on going mainstream.
“Our ultimate goal is to make investing in Web3 so easy and streamlined that anyone with a credit card can do it and reap the huge financial benefits,” Born said in a press release.
As a result, the NFT Genius community has also expressed their excitement in seeing what the company unleashes in the coming years. Being backed by leading ventures, makes the company look more authentic than ever.
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