Dubai-based metaverse company, Everdome, raised $10 million investment commitment from Bahama-based investment group, GEM Digital Limited.
The funding, will be through a structured token agreement, with Everdome controlling the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation, the company said in a statement. The investments will also be allocated to Everdome’s marketing efforts, partnership enablement and other investments to ensure “sustainable growth” of the company.
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Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
Dubai-based metaverse company, Everdome, raised $10 million investment commitment from Bahama-based investment group, GEM Digital Limited.
The funding, will be through a structured token agreement, with Everdome controlling the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation, the company said in a statement. The investments will also be allocated to Everdome’s marketing efforts, partnership enablement and other investments to ensure “sustainable growth” of the company.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
