GEM's investment aligned with the hyper-realistic metaverse's growth and expansion plans in accordance with the solid foundations that were outlined in 2022, according to a press release.

Everdome will use the proceeds of the investment to boost infrastructure and allow heavy traffic loads in a high-fidelity environment, in addition to reinforcing growth in users and partners.

This step followed Everdome’s recent change of management, as it named Jeremy Lopez as the new CEO.

Lobez commented: “The expansion of the investment commitment from GEM Digital is a huge show of faith in Everdome’s concept, our growth to date, and the capacity of the management team to quickly scale the company across multiple fronts, in marketing, infrastructure, product releases, and partnership acquisitions.”

Last August, GEM endorsed Everdome with $10 million, which was utilised to develop the metaverse project.

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