NFT Genius gets $150M Valuation in Series A Funding led by Dapper Labs

NFT Genuis receives $150M Valuation in Series A Funding led by Dapper Labs

NFT Genius, a well-known NFT creator company, announced $10.5M in a Series A funding round led by Dapper Labs, Spartan Labs, Commonwealth Asset Management, and Fundamental Labs.

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The company also shared it received a $150M valuation and will use these funds to expand the Gaia NFT marketplace and NFT projects to mainstream consumers globally.

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NFT Genius is the creator of the Gaia NFT marketplace, the biggest platform on Flow Blockchain for sports, music, and art NFT projects. It is also the creator of Basketball-themed NFTs, Ballerz.

NFT Genius utilizes the tools available on Flow blockchain and Dapper wallet as a payment method on Giai NFT Marketplace.

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The platform recently announced a partnership with NBA Top Shot to list its NFT collection on the Giai. So far, the company has released Bitcoin Origins, Rebel Rabbits, and Tezos Origins NFT.

With the huge investment, NFT Genius will expand and bring more NFT collections by doing deals with entertainment and culture brands.

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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.