Everdome Secures $10M Commitment From GEM Digital Limited

Strategic Metaverse Investment

Hyper-realistic metaverse project Everdome has announced that GEM Digital Limited (GEM) has made an investment commitment of $10 million.

“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,” said Rob Gryn, CEO and Founder of Everdome. 

The investment into Everdome will be through a token subscription agreement and Everdome will maintain control over when the drawdowns will occur with no minimum drawdown obligation. Everdome can elect to sell up to 200% of its average daily volume in tokens across a number of exchanges to GEM Digital. The funds will be dispersed in a number of ways including staffing, technological expansion to expedite the VR capabilities of Everdome, as well as marketing, partnerships and strategic investments. 

Gryn said, “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.”​​

GEM, a Bahamian-based digital asset investment firm, strategically focuses on utility tokens. Everdome just recently completed its metaverse auction for land plots. A total of 11,700 plots, or 97%, were sold during an 8-week phased auction. The total amount of plots sold amounted to approximately $18.6 million or 1.531 billion $DOME. The project team announced early on that all of the $DOME used to purchase plots will be burned, making the token deflationary. 

BSC News also recently went 1-on-1 with Everdome’s COO Jeremy Lopez to discuss all things Everdome. Read the interview here. 

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What Is Everdome:

Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly - ultimately creating the most realistic web3 experience. Built on Unreal Engine 5, Everdome leverages the talents and vision of expert concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals and more. 

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Where to find Everdome:

Website | Twitter | Telegram | Instagram | YouTube

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What Is GEM Digital Limited:

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.

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Where to find GEM Digital Limited:

Website

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