Everdome, UAE-based metaverse company, raised $10m from GEM Digital Limited

Everdome, UAE-based metaverse company, raised $10m from GEM Digital Limited

Everdome, UAE-based metaverse company, has received an investment commitment of $10 million through a structured token subscription agreement GEM Digital Limited (GEM), a Bahamas-based digital asset investment firm that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.

According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome’s offering and ensure future sustainability in the business.

GEM’s investment will be focused on team growth and metaverse technological expansion, and will see the game’s virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome’s sustainable growth.

“We’re thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we’re on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM’s investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level,” Gryn said.

Also read: Instagram expands NFT support to 100 countries

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.