Gemini Raises $400 Million In Funding To Help It Build In The Metaverse

The Winklevoss twins, who founded a crypto platform with $400 million in funding from investors this week have announced that they plan on building an metaverse experience similar to Mark Zuckerberg’s.

The Winklevoss twins are about to take crypto exchange Gemini into the metaverse after completing a multimillion-dollar funding round.

Gemini, a New York-based cryptocurrency exchange announced Wednesday it had raised $400 million in new growth equity funding. The investment came from Morgan Creek Digital with participation by the Commonwealth Bank of Australia and others; this means that Gemini is now worth 7 billion dollars.

The Winklevoss brothers have revealed their plans for Gemini’s metaverse and how they are taking a different path to Facebook.

“There’s these two parallel paths, in terms of technology right now,” “There’s a centralized path, like Facebook or Fortnite, that is one step away from being a metaverse, and that’s totally fine.”

Cameron Winklevoss speaking to Forbes.

The metaverse is set to become another dueling arena for Facebook and the Winklevosses, who fought over ownership of Facebook–what they say was their original idea.

Gemini has bought a plot of virtual land where it wants to create several locations for its operations, Tyler Winklevoss told Forbes.

“Instead of building brick-and-mortar bank branches in meatspace, we’re gonna build a Gemini experience in different metaverses, where you can go into Gemini and trade, but it would be immersive instead of on your phone,” he said.

Gemini has also bought stakes in metaverse platforms like Somnium Space and The Sandbox.



Finder and reporter of all things metaverse in the news.

Leave a Reply

Your email address will not be published. Required fields are marked *

Read Next

Joe Rogan Metaverse

Joe Rogan Experiences the Metaverse

Joe Rogan, the host of the popular podcast show The Joe Rogan Experience sat down with comedian Brian Redban recently to discuss a myriad of topics. One of the topics up for discussion was the metaverse. As it turns out, Brian Redban is heavily involved in this virtual world even going as far as hosting […]

Read More
Adidas jumps into the Metaverse

Adidas Jumps into the Metaverse, buying land in The Sandbox and Partnership with Cryptocurrency Exchange Coinbase

The German sportswear manufacturer Adidas (ADS) has entered the metaverse by purchasing a portion of land on The Sandbox map. This marks their first step into virtual reality and cryptocurrency for the brand. Adidas was the first fashion brand to enter The Sandbox, a virtual reality that is part real estate and amusement park. The […]

Read More
Metaverse Mega Yacht Sells For $650,000

Metaverse Mega Yacht Sells For $650,000.

The most expensive non-fungible token in The Sandbox virtual gaming world just sold for around $650,000 (149 ether). The Metaflower Super Mega Yacht was purchased for 149 ether, according to Etherscan. It is described as a luxurious mega yacht with two helipads and DJ Booth among other amenities. The digital asset was released by Republic […]

Read More