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Los Angeles Times
Los Angeles Times
Business
Ryan Faughnder

Former Disney chair Bob Iger invests in metaverse company Genies

Bob Iger Disney Genies Walt Disney Co.

Former Walt Disney Co. Chief Executive Bob Iger is putting money into the metaverse.

Iger has invested in Genies Inc., a company known for making virtual characters for virtual worlds. He will also join the board of the Los Angeles-based startup.

Genies allows customers to create digital avatars and virtual fashion lines for Web3 — tech jargon for a new version of the internet based on blockchain technology.

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