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GEM Increases Investment Commitment in Everdome Metaverse to $60 Million

Bahama-based digital assets investment firm GEM Digital Limited (GEM) has increased its investment commitment in UAE-based metaverse startup Everdome from $10 million to $60 million.

The investment will be used to accelerate the development of the startup's metaverse projects, including product development, infrastructure boosting, and growth in users and partners.

Everdome will control the timing and number of drawdowns under the structured token subscription agreement, and has the ability to sell up to 200% of its average daily volume in tokens across multiple exchanges to GEM Digital.

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