Bob Iger, has made an investment in the metaverse.

In the metaverse, Disney’s former CEO and chairman, Bob Iger, has made his debut.

Disney CEO Bob Iger, who stepped down as CEO of the corporation last year after 16 years, invested in Genies and was appointed to its board of directors, according to a statement released on Monday.

Genies, which is popular with celebrities like Rihanna and Jennifer Lopez. They claim to control 99 per cent of the celebrity avatar market and has clients such as Universal Music Group and Warner Music Group.

which employ non-fungible tokens, or non-fungible tokens, as part of their services.

It will be part of Iger’s duty to “manage its mission to allow people to develop their own avatar ecosystems” that he would create Avatar fashion lines and other virtual reality experiences.

If you’re looking for a way to harness the power of technology and art, “Genies provides a one-of-a-kind and compelling chance to enable for new kinds of creation, expression, and connection,” Iger said.

Iger served as Disney’s CEO from 2005 to 2020, and he stepped down as chairman of the board of directors last year. His first public investment is in the Genies company.

It has already raised $100 million from a range of investors, including Mary Meeker’s Bond and Brayer Capital businesses, according to the company’s founders.

According to our estimates, Web3’s “mobile apps” will be avatar ecosystems. Founder and CEO Akash Nigam commented, “I couldn’t think of a more creative and product thinker with whom to collaborate in bringing this all to life than Bob,” and went on to say, “I couldn’t think of a more talented team to work with.”

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