The esports 3.0 platform secured $50 million after its current token raise as it prepares to be listed in the coming months.
May 25, 2022 — GameFi, Esports, Metaverse and SocialFi — “GEMS,” with “SocialFi” meaning “social finance” — is honored to announce its new $50-million investment commitment from Global Emerging Markets Digital Limited, a digital asset-investment firm based in The Bahamas. Global Emerging Markets actively sources, structures and invests in utility tokens listed on more than 30 centralized exchanges (CEXs) and decentralized exchanges (DEXs) globally.
The new capital will further enhance GEMS’ products and expand its ecosystem globally, with a primary focus in Asia.
The esports 3.0 platform GEMS currently has more than 80 blockchain and esports companies as partners — most either pioneering, top-tier investors or world-class industry leaders. With an inclusive and aggressive expansion plan, GEMS welcomes new GameFi partners.
“GEMS is a promising esports 3.0 GameFi Platform with a unique online-to-offline (O2O) system. It propels esports into 3.0 by integrating GameFi, [the] metaverse and SocialFi elements,” a spokesperson for Global Emerging Markets said. “We are about to experience fundamental change in how we perceive the blockchain and esports worlds. We definitely see great potential in [the] Gems esports 3.0 platform and would like to give our ultimate support to GEMS.”
“We are honored to sign the $50-million investment commitment agreement with [Global Emerging Markets]. This agreement with [Global Emerging Markets] notably positions us for our next stage of development as we continuously innovate and evolve our products,” said Andy Koh, CEO of Gems. “[Global Emerging Markets’] capital commitment provides strong support to [the] future development and expansion of our platform, especially in Asia. Part of the capital will be used to fund user acquisition.”
Andy Koh,(Second person from the right) meets Southeast Asian partners from Hatten Land, a company listed on Singapore Exchange.
“The $50 million-funding commitment from [Global Emerging Markets] will foster the growth of Gems as well as its partners. With Labs Group and Arena Esports Hotel as our founding partners, our next step is to wisely deploy these capitals to nurture our O2O ecosystem as well as explore new and exciting opportunities for GEMS,” said Yuen Wong, co-founder of GEMS and CEO of Labs Group.
GEMS has secured an extra 50 million Tether (USDT) in addition to its current token raise of 7.46 million. With the support of more than 45 partners and GameFi Alliance, GEMS is excited to be listed on top launchpads that allow it to recruit more early adopters to learn about the esports 3.0 platform. GEMS strives to make blockchain gaming the next esports.
The tentative date for GEMS’ token generation event and exchange listing is set for this summer.
For more information, visit TheGems.gg.
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GEMS is a proud esports 3.0-aggregator platform with a unique O2O ecosystem designed as 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.
About Global Emerging Markets
Global Emerging Markets is a digital asset-investment firm based in The Bahamas. The firm actively sources, structures and invests in utility tokens listed on more than 30 CEXs and DEXs globally.
Global Emerging Markets is a $3.4-billion alternative investment group with operations in Paris, New York and The Bahamas. It manages a diverse set of investment vehicles focused on emerging markets and has completed more than 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile.
The family of funds and investment vehicles provides Global Emerging Markets and its partners with exposure to small-to-mid-cap management buyouts, private investments in public equities and select venture investments.
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