UAE Metaverse Startup Everdome secures $60 million investment commitment from GEM Digital

Everdome, the most hyper-realistic metaverse, has announced that 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, has agreed to increase its investment commitment from $10 million to $60 million.

In August 2022, GEM committed $10M to Everdome, of which the majority has already been drawn down by Everdome and utilised GEM’s investment proceeds towards the development of the metaverse project.

GEM’s increased investment commitment follows Everdome’s recent change of management in appointing Jeremy Lopez as CEO, and clearly demonstrates their strongest support and commitment to the new management's previous track record and commitment to the vision of the project m