Everdome, the hyper-realistic metaverse, has announced that GEM Digital Limited, a Bahamas-based digital asset investment firm, has increased its investment commitment from $10 million to $60 million.
The increased investment follows Everdome's recent change of management in appointing Jeremy Lopez as CEO, and demonstrates GEM's support and commitment to the new management team's previous track record and commitment to the vision of the project moving forward.
GEM's investment will focus on actions that move Everdome from a conceptual, visionary project into its new phase of delivery and expansion. The investment will be focused on the fundamentals necessary to take Everdome to the next level of success, including product development, scalability, and growth.
These fundamentals include core product delivery, infrastructure boosting, tools for users to create and build inside Everdome, and growth in users and partners. 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% of their average daily volume in tokens across multiple exchanges to GEM Digital.
Everdome CEO, Jeremy Lopez, stated that "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."
What is Everdome:
Everdome is creating the most hyper-realistic Metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly - ultimately creating the most realistic Web3 experience.