Everdome Receives A USD 10 million Investment Commitment From GEM Digital Limited

August

9

0 comments

Everdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based corporation that invests in digital assets and sources, structures, and sources utility tokens listed on more than 30 CEXs and DEXs worldwide, has agreed to an investment commitment of USD 10 million into the UAE-based metaverse company through a structured token subscription agreement.

The announcement comes when Everdome is busier than ever, especially concerning the launch of its products and the company’s auction of metaverse land parcels. Since June 2022, a total of 11,700 plots (97%) scattered over the Everdome metaverse have been auctioned during an eight-week auction process. Plots were purchased for around USD 18.6 million, or 1,531,000,000 $DOME, the digital currency of Everdome. In Everdome, a plot of land typically cost 130,000 DOME.

Under this facility, Everdome will decide when and how many drawdowns to make; there is no minimum drawdown requirement. Everdome has the option to offer GEM Digital up to 200% of its daily average volume of Token sales on various exchanges.

Everdome’s CEO and founder, Rob Gryn, claims that the commitment from GEM would be utilised to improve the company’s offerings and assure its long-term viability. “We’re excited to work with GEM and reach this milestone in our investment commitment relationship because it shows that we’re on the right track as we work to push the frontiers of the metaverse.”

The game’s virtual reality (VR) capabilities will be advanced thanks to GEM’s investment, which will be focused on team expansion and technology advancements related to the metaverse. Additionally, money will be used to increase marketing initiatives, partner enablement, and investments supporting Everdome’s long-term expansion.

Everdome, which will debut in three parts throughout 2022, will take visitors on an immersive trip from Hatta in the UAE—which is publicly visible through rocket launches—to the colonization of Mars in Everdome City. The metaverse platform uses advanced 3D scanning technology and Epic Games’ Unreal Engine 5 to offer cutting-edge, photorealistic images that will have gamers questioning the lines separating games and reality.

Concerning Everdome

Everdome is doing the most hyper-realistic metaverse creation. To integrate the digital and physical worlds smoothly and ultimately produce the most realistic web3 experience, businesses and users are being brought together in a digital-life meets real-world experience.

Information About GEM Digital Limited

A company that invests in digital assets is GEM Digital Limited. The Bahamas-based company actively seeks out, structures, and invests in utility tokens listed on more than 30 CEXs and DEXs worldwide.

Global Emerging Markets (“GEM”) is an alternative investment firm worth USD 3.4 billion with locations in Paris, New York, and the Bahamas. With over 530 transactions executed in 72 nations, GEM handles a wide range of investment vehicles with a concentration on emerging markets. Each investment vehicle has a unique level of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles gives GEM and its partner exposure to small- to mid-cap management buyouts, private equity investments, and particular venture investments.

 

About the author, Awi Khan

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}