The company's CEO, Akash Nigam, stated that the new social network will be based on unlockable gameplay based on user interaction. The company has worked with thousands of cultural icons and tastemakers, bringing their avatars to life with personality. The company's avatars are thriving on platforms like Snapchat, TikTok, and Instagram, but have yet to make a significant impact in games. The company has secured $250 million in funding, valuing it at $1 billion.
Key takeaways:
- Genies has announced AI avatars for celebrities, adding personalized interactions and adaptive learning functionality to Genies avatars. These AI avatars will engage users in fully personalized conversations, interactions, and gameplay experiences.
- Genies recently introduced its developer kit, allowing college developers to create their own mini games. These mini games will be interoperable through Genies’ ML avatar framework, forming a cohesive social network.
- Genies 3.0 will allow celebrities to integrate their avatars into these mini games, enhancing automated and personalized gameplay experiences for every user.
- The company has secured $250 million in funding from investors such as Silver Lake, BOND, NEA, and Bob Iger, valuing the company at $1 billion.