GEM Digital Limited commits US$10 million to Everdome

Everdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based digital asset investment firm that sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs around the world, has agreed to a US$10 million investment commitment into the UAE-based metaverse company via a structured token subscription agreement.

The announcement comes at a time when Everdome is experiencing a surge in activity, particularly in terms of product roll-out and the company’s auction of metaverse land plots. During an eight-week auction, a total of 11,700 plots (97 percent) located throughout the Everdome metaverse were sold since June 2022. Plots cost up to US$18.6 million in total, which is equivalent to 1,531,000,000 $DOME, Everdome’s own digital currency. A plot of land in Everdome cost an average of 130,000 $DOME.

Everdome will have complete control over the timing and number of drawdowns under this facility, and there is no minimum drawdown requirement. Everdome has the ability to sell up to 200 percent of their average daily volume in Tokens across multiple exchanges to GEM Digital at its discretion.

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. “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.”

GEM’s investment will be focused on team expansion and metaverse technological expansion, with the game’s virtual reality (VR) capabilities being prioritized. Funds will also be used to boost marketing efforts, enable partnerships, and make investments that will aid Everdome’s long-term growth.

Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City, which is set to launch in three phases throughout 2022. The metaverse platform uses cutting-edge 3D scanning technology and Epic Games’ Unreal Engine 5 to deliver photo-realistic graphics that will leave players wondering where the lines between gameplay and reality are.

Everdome will deliver a real-world-extended experience, drawing on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in a variety of industries.

To learn more about Everdome, visit everdome.io.