NFT Genius Announces $150M Valuation After Securing $10.5M Series A Funding Led by Dapper Labs, Spartan Labs, Commonwealth Asset Management and Fundamental Labs
NFT Genius uses funds to make investing in NFT accessible to everyone, with a sharp focus on the consumer in sports, entertainment, arts and culture
LOS ANGELES, 25 August 2022 /PRNewswire/ — NFT Genius (www.nftgenius.com), a company that develops world-class experiences and marketplace technology (www.ongaia.com) to the NFT market, announced today one 150 million dollars valuation after the end of a 10.5 million dollars Series A funding round led by Dapper Labs, Spartan Labs, Commonwealth Asset Management (CWAM) and Fundamental Labs. Spartan, One Football and Unibanco also participated in the round.
NFT Genius was founded by Jeremy Born, Kurt Bragetand Carl Meier. The company developed Gaia and has the largest NFT marketplace on Flow. Gaia serves as the leading secondary market for sports, entertainment, art and culturally relevant digital collectibles with an emphasis on creating access for all and ease of use for the consumer.
“Not only are we bucking the trend in securing funding in 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,” says Jeremy Born. “Our ultimate goal is to make investing in Web3 so easy and streamlined that anyone with a credit card can do so and reap the huge financial benefits.”
NFT Genius will also use the funds to go beyond sports and back major entertainment and cultural deals and scale out the Gaia marketplace to support thousands of companies and brands reaching the mainstream consumer.
The Flow ecosystem reached record high transaction volume and active accounts June 2022. Dapper Wallet is a ramp for mainstream users to Web3 and is at the center of Gaia.
During the past year, NFT Genius has also entered into collaboration on NFT agreements with top athletes and artists such as e.g. Shareef and Shaquille O’Nealgolfer Bryson DeChambeauWNBA’s Kelsey Plumand the Miami Heat Duncan Robinson.
NFT Genius also created some of the most popular and valuable NFT collections on the market, including Ballerz. Ballerz has 10,000 Generative Basketball NFTs and debuted on 8 November 2021. The collection sold out in one hour and is available on the secondary market. Ballerz attributes include team, number, role, jersey, body, hair, accessories, dunks, shooting, playmaking and defense. Fans can collect their favorite teams and jersey numbers and show everyone that they are a real ball player. Ballerz is among the top five NFT projects for sports Flow
NFT Genius continues to defy current NFT trends showing incredible growth from a valuation of 18 million dollars in June 2021after the company’s initial seed round, to a current valuation of 150 million dollarsjust one year later.
Anuke Ganegoda, Head of Ventures at Dapper Labs will join NFT Genius as a board observer.
“We have worked with Jeremy and the NFT Genius team for many years now and have witnessed first-hand how they are able to build world-class products and communities,” says Mik Naayem, Chief Business Officer and Co-Founder at Dapper Labs. “We are excited to work closely together and scale out the Gaia market to reach billions of ordinary consumers”
“We are very excited to lead this investment round in a company that has a significant part of the NFT infrastructure in the Dapper Ecosystem,” says Henry Love, managing partner, Fundamental Labs. “We are ready to support greater integration of intellectual property into the world of NFT and provide fans and collectors with world-class digital art and collectibles that will transform how we interact with our favorite sports, movies, stories and more.”
Previously, Mark Cuban, Anthony PomplianoSound Ventures and HOF Capital backed NFT Genius during the company’s seed round.
To learn more about NFT Genius, Gaia Marketplace and current NFT collections, please visit NFTGenius.com.
About NFT Genius
NFT Genius is a team of storytellers, technologists and innovators focused on delivering world-class digital experiences and marketplace technology to the NFT market. Founded in 2020, NFT Genius has created some of the most popular and valuable NFT collections globally, including Ballerz, a basketball-themed NFT collection that sold out in one hour. NFT Genius has entered into collaboration with top athletes and artists such as e.g Shareef and Shaquille O’Nealgolfer Bryson DeChambeauWNBA’s Kelsey Plumand the Miami Heat Duncan Robinson. NFT Genius is funded by some of the industry’s leading Web3 investors, including Dapper Labs, Commonwealth Asset Management, Fundamental Labs, Spartan, One Football and Unibanco.
SOURCE NFT Geni
