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# UAE-based metaverse startup Everdome raises $10 million in funding
- URL: https://www.techloy.com/uae-based-metaverse-startup-everdome-raises-10-million-in-funding/
- Published: 2022-08-10T13:43:41.000Z
- Updated: 2022-12-07T21:12:26.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in UAE, Gaming, Metaverse, Virtual Reality

[Everdome, ](https://everdome.io/)a metaverse startup based in UAE has raised $10 million in funding from GEM Digital Limited, a digital asset investment firm based in Bahamian. 

- The fund will be used to bolster the startup's offering and ensure sustainability in the business including boosting marketing efforts, securing strategic partnerships and making investments for growth.
- Everdome is a metaverse startup that uses cutting-edge 3D scanning technology and games (Epic Games' Unreal Engine 5) to deliver state-of-the-art and photo-realistic graphics in virtual reality.
- The funding will be deployed in a structured token agreement (that is, the investor will finance the startup's projects for discounted crypto tokens at a future date).
- GEM's investment is targeted at enabling team growth and technological expansion.