Gemini Completes $400M in Financing and will Allocate Funds to the Metaverse Track
TokenInsight news, Gemeni, a centralized crypto trading platform in the United States, completed a US$400 million financing at a valuation of US$7.1 billion on November 18, with Morgan Creek Digital leading the investment, with participation from 10T and ParaFi. It is worth mentioning that the Commonwealth Bank of Australia CBA also supported this round of investment.
The two co-founders of Gemini stated that they will build a decentralized metaverse experience to compete with Facebook. Previously, in April of this year, the twins snapped up land in The Sandbox Metaverse to establish the Gemeni and NFT trading platform Nifty Gateway in the virtual world.