Singapore, July 28, 2022 — GEMS — which stands for GameFi, Esports, Metaverse and Social Finance (SocialFi) — the esports 3.0 platform, is pleased to announce that GEMS is to launch on top launchpads, including Polkabridge, Formless and Blokpad. The launch will kick off in late July with a fundraising amount of around $1 million.

GEMS, the first blockchain esports platform that provides comprehensive services, currently has more than 80 blockchain and esports companies as partners, most of which are pioneering, top-tier investors or leading players in the industry.

The platform will leverage its esports hotels chain in Southeast Asia by integrating GameFi, metaverse and SocialFi elements. GEMS spurs the innovation and evolution of the esports industry and serves as an esports 3.0 aggregator platform with its five core business pillars, including a nonfungible token (NFT) marketplace, decentralized finance facilities, a fanfi studio, communities 3.0 and a play-to-earn arena, creating a robust and extensive ecosystem for different participants and stakeholders.

The GEMS token is designed to empower the GEMS ecosystem. The token will function as a medium of exchange and a rewarding token, along with featuring governance properties. GEMS tokenholders will gain access to various membership tiers, exclusive NFTs, esports tournaments and player-versus-player arena battles. GEMS tokens will be the medium of trades on the NFT marketplace and will be used to reward users through the FanFi Studio platform. Holders will also be able to engage in decentralized autonomous organization governance, along with its voting function on important platform decisions.

Andy Koh, CEO of GEMS, said:

“We believe that the marriage between esports and blockchain technology will give birth to considerable opportunities and create further use cases that benefit both fields. The current market of gaming is at an all-time high of 3.24 billion, and 300 million are professional esports players. With our digital gaming services, gamers and players from esports and GameFi areas could join and utilize our platform for multiple monetization in this sharing economy.”

Koh said:

“Tokenomic and platform services are the primary points of focus for us. While honing the products and improving services, we also endeavor to create a well-designed tokenomic to boost the activity of the ecosystem and provide well-functioned platform tokens to facilitate the stickiness of participants.”

GEMS has witnessed the enthusiasm of investors in its capital raising before. The blockchain esports platform secured an extra $50 million in Tether (USDT) in May. And on the heels of this capital pouring, it announced its new $50 million investment commitment from GEM Digital Limited in May, a digital asset investment firm based in The Bahamas. The new capital will be used to further enhance GEMS products and expand the ecosystem globally, with a primary focus in Asia.

Multi-launchpad details

Here’s everything you need to know about the event:

Please visit the project’s corporate video here.

Please visit the project’s teaser video here.

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About GEMS

GEMS stands for GameFi, Esports, Metaverse and SocialFi.

Proudly presenting esports 3.0, GEMS is an esports 3.0 aggregator platform within a unique online-to-offline ecosystem. Our one-of-a-kind ecosystem is designed to be the ultimate, one-stop GameFi destination, allowing crypto and esports gamers to learn, connect and immerse themselves in different metaverses and GameFi worlds via online and offline touchpoints.

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