The first round of funding of $400 million is nearing completion

​Gemini plans to attract investments and become a competitor to the Facebook metaverse

20.11.2021 - 07:15

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1 min

What’s new? The Winklevoss brothers' company Gemini plans to compete with the metaverse from the Facebook social network. The first round of fundraising to develop the projects is all but complete.

News source on the Forbes website

What is known about Gemini's investors? The funding round was led by Morgan Creek Digital. Other announced participants include funds such as WndrCo, Marcy Venture Partners, VanEck, 10T Holding, and Commonwealth Bank. The total amount of funds raised may reach $400 million.

What will the funds be used for? Gemini plans to use the $400 million funding to develop its own metaverse, as opposed to a similar project from Facebook (Meta). Moreover, Gemini's metaverse may be the first independent decentralized virtual space.

Author:

Michael Golikov Michael Golikov

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