Crypto Metaverse News

GEMS Esports 3.0 Platform Raises $5M

GEMS, an “Esports 3.0” aggregator platform that combines the elements of GameFi, Esports, Metaverse, and SocialFi (GEMS), is set to launch in Q2 2022 after successfully raising $5 million, courtesy of 30+ venture capitals and 45+ ecosystem and solution partners.

Forging the future of blockchain and esports gaming, GEMS is bringing Esports 3.0 to the table. In the age of Esports 3.0, this is the first time that players get to own digital assets and have more say in the gaming community, and economy. Similar to Web 3, people can now read, write, and own the content, and fully immerse themselves in the gaming world.

“GEMS has the vision to create the next esports ecosystem from online to offline jointly supported by LABS Group, Arena Esports Hotel, and Game One Inc,” said Andy Koh, CEO of GEMS. “With this strong alliance, I am positive that GEMS is going to fulfill its goals and transform the world.”

GEMS plans to integrate an online system with an offline presence. Online refers to the GEMS platform, while offline refers to their hotel network across Asia, with Southeast Asia as the initial stepping stone. With an ambitious goal to own 50 hotel touchpoints in three years, players can gather teams and battle in competitions in esports and GameFi tournaments.

GEMS’ 5 core business pillars include an NFT marketplace and DeFi union that introduce multiple payment models and loans to make expensive NFTs available for everyone; A FanFi studio that has a comprehensive system to recruit, train, and empower aspiring GameFi gamers, influencers, and streamers; A DAO guild that offers gamers an opportunity to become guild trainers, team up with others, and create an in-game community; last but not least a play-to-earn arena that allows players to gather online to play, and form teams and battle with others in competitions.

(All information was provided by GlobeNewswire)

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