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UAE-based metaverse startup Everdome raises $10 million in funding

Everdome, 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

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
UAE-based metaverse startup Everdome raises $10 million in funding
Photo by XR Expo / Unsplash

Everdome, 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.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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