Genies, a digital avatar developer, has closed a $65 million Series B funding round, aiming to launch an NFT marketplace on the Flow blockchain later this year. The fundraise was led by top NFT investors, including Dapper Labs, the company behind the most popular NFT application NBA Topshot.

Leading U.S. crypto exchange Coinbase has launched a charitable organization called Coinbase Giving that will focus on “driving philanthropic initiatives underpinned by a common goal of increasing economic freedom.” Coinbase Giving will focus its efforts on three main categories: increasing education and access to crypto, supporting the next generation of crypto professionals and speeding up the development of crypto protocols.

Dogecoin (DOGE) has hit a new all-time high after news that eToro will list the cryptocurrency due to client demand. eToro is the leading social trading platform and this listing has opened up Dogecoin to its 20 million users around the world. Dogecoin is up 23.72% in the past 24 hours. 

Top stories in the Crypto Roundup today:

• Genies an NFT Avatar Marketplace Raises $65 Million
• Coinbase Launches a Charity Organization Focused on Education
• Dogecoin Hits All-Time High After eToro Exchange Listing

Genies an NFT Avatar Marketplace Raises $65 Million

Genies, digital avatar developer, have closed a $65 million Series B funding round and aim to launch an NFT marketplace on the Flow blockchain later this year. The fundraise was led by top NFT investors such Dapper Labs, the company behind the most popular NFT application NBA Topshot.

Coinbase Ventures, Tull Investment Group and Breyer Capital also invested in the Series B funding round. The $65 million will be used to fund the development of Genies’ NFT marketplace which will allow users to create and trade tokenized avatars. Genies hope their avatars will become the single “virtual portable identity across the digital world.”

Coinbase Launches a Charity Organization Focused on Education

Leading U.S. crypto exchange Coinbase has launched a charitable organization called Coinbase Giving that will focus on “driving philanthropic initiatives underpinned by a common goal of increasing economic freedom.” Coinbase Giving will focus its efforts on three main categories: increasing education and access to crypto, supporting the next generation of crypto professionals and speeding up the development of crypto protocols.

The Crypto Community Fund will be one of the first initiatives and will fund research and generally support open-source projects. One of the later initiatives will focus on fostering diverse crypto talent. To do this, Coinbase is partnering with Base 11, a non-profit that helps women and underrepresented minorities break into the STEM workforce. Finally Coinbase have also said they will match any employee donations to certified charities on a one-for-one basis up to $500.

Dogecoin Hits All-Time High After eToro Exchange Listing

Dogecoin (DOGE) has hit a new all-time high after news that eToro will list the cryptocurrency due to client demand. eToro is the leading social trading platform and this listing has opened up Dogecoin to its 20 million users around the world. Dogecoin is up 23.72% in the past 24 hours.

The meme coin has had a phenomenal year with over 9,000% returns in 2021. This rally has been driven in large part by influencers such as Elon Musk drawing attention to the coin on Twitter. The most recent surge has brought Dogecoin to 5th place in the marketcap rankings with a market cap of over $62 billion. There are major concerns about the centralisation of Dogecoin supply, with over 65% of the DOGE supply held by whales according to IntoTheBlock.

State of the Crypto by Top Tier Exchange Volume

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