Photo illustration: Shoshana Gordon/Axios. Photos: courtesy of Genies
Avatar technology company Genies has a "war chest" that will not only help it stay independent but also could fuel acquisitions over the next year, CEO Akash Nigam tells Axios.
Why it matters: As more attention goes to the metaverse, big-tech companies are building their own systems and buying startups — Alphabet recently acquired digital avatar startup Alter. But Genies is betting it could be an acquirer rather than an acquisition.
