Source : zycrypto.com
GEMS, an Esports 3.0 Aggregator Platform within a unique O2O (online-to-offline) Ecosystem is pleased to announce that it has secured a new $50M Investment Commitment from GEM Digital Limited.
GEM Digital Limited is a Bahamas-based digital asset investment firm that actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
According to the announcement, the Esports 3.0 Platform’s $50 Million Investment Commitment agreement with the GEM was followed by its current token raise of 7.46 million, seeing opportunities from the market and the enthusiasm of industrial players.
This has seen GEMS welcoming new GameFi partners as it currently counts over 80 blockchains and Esports companies as partners. Most of the partnering companies are pioneers, top-tier investors, or world-class leaders in the industry.
Nonetheless, the company unveiled that the new funds will be used to further enhance GEMS products and expand the ecosystem globally, with a primary focus in Asia.
A spokesperson for the GEM Group commented on the partnership saying;
“GEMS is a promising Esports 3.0 GameFi Platform with a unique O2O (online-to-offline) system. It propels Esports into 3.0 by integrating GameFi, Metaverse and SocialFi elements….We are about to experience fundamental change in how we perceive the blockchain and Esports world. We definitely see great potential in GEMS Esports 3.0 platform and would like to give our ultimate support to GEMS.”
Andy Koh, the CEO of GEMS also expressed the team’s delight saying;
“We are honored to sign the $50 million Investment Commitment agreement with the GEM. This agreement with GEM notably positions us for our next stage of development as we continuously innovate and evolve our products.”
“GEM’s capital commitment provides strong support to future development and expansion of our platform, especially in Asia. Part of the capital will be used to fund user acquisition,” Koh added.