Dubai-based Everdome raised $10 million funds from GEM Digital Limited

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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