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Gem Digital Limited increases investment commitment with Everdome

The investment will be focused on actions which move Everdome from a conceptual, visionary project into its new phase of delivery and expansion

by Gulf Business

April 25, 2023

Everdome has announced that Gem Digital Limited, a Bahamas-based digital asset investment firm has increased its investment commitment from $10m to $60m.

The investment will be focused on actions which move Everdome from a conceptual, visionary project into its new phase of delivery and expansion, as they build on the solid foundations created through 2022 to expand the company in key areas.

These include core product delivery, to ensure Everdome opens to the public as soon as possible, infrastructure boosting to allow heavy traffic loads in a high-fidelity environment, tools for users to create and build inside Everdome as well as growth in users and partners.

Gem’s investment comes in the form of a further structured token subscription agreement. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200 per cent of their average daily volume, in tokens across multiple exchanges to Gem Digital.

Everdome lifts the veil on design & worldbuilding processes with a deep dive on our Mars Magnetic Rail transit system.

Creating the detail for a truly unique metaverse adventure.??️

Discover more? https://t.co/ZAbSyKUmed #TheJourneyHasBegun pic.twitter.com/ucUUudKefD

— Everdome (@Everdome_io) April 23, 2023

Everdome CEO, Jeremy Lopez stated: The expansion of the investment commitment from Gem Digital is a huge show of faith in Everdome’s concept, our growth to date, and the capacity of the management team to quickly scale the company across multiple fronts, in marketing, infrastructure, product releases and partnership acquisitions, taking Everdome from concept to a business with real ROI and a vibrantly active metaverse community on a global scale.

Gem has been much more than a financial partner; they have been supportive throughout our partnership discussions and have helped open doors with new partners and exchanges.”