Esports platform GEMS gets USD 50 mln in token funding

Friday 3 June 2022 11:03 CET | News

Esports 3.0 platform GEMS has secured a USD 50 million investment commitment from GEM Digital, preparing for a listing in the coming months.

GEM Group sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. The new capital will be used to improve GEMS products and expand the ecosystem globally, with a primary focus in Asia.

GEMS, the Esports 3.0 Platform, currently has 80+ blockchain and Esports companies as partners. With LABS Group and Arena Esports Hotel as founding partners, GEMS says its next step is to wisely deploy these capitals to nurture their O2O (online-to-offline) ecosystem, as well as explore new opportunities for the company.

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Keywords: funding, metaverse, cryptocurrency, digital assets, blockchain, Token
Categories: DeFi & Crypto & Web3
Companies: GEMS
Countries: World
This article is part of category

DeFi & Crypto & Web3


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