Gemini procures $ 400 million in a financing round for growth capital; Metaverse Clash Incoming -

Gemini, the regulated cryptocurrency exchange founded by the Winklevoss Twins, has raised $ 400 million in its recent round of financing for growth capital. This financial round gave him an evaluation of $ 7.1 billion and was one of the most valuable stock exchanges in the crypto world. Leading personalities of the risk capital sector also took part in the financial round listed by Morgan Creek. Gemini has invested strongly in alternative meta-verse suggestions.

Gemini reaches an evaluation of $ 7.1 billion

Gemini, the cryptocurrency exchange created by the Winklevoss-Zwillingen, the two Facebook dissidents, has US dollars in its most recent round of financing for growth capital. The round was led by Morgan Creek, who brought $ 75 million, with Sachin Jaitly (a general partner at Morgan Creek), alongside Cameron and Tyler Winklevoss, becoming the third member of the Gemini board. Other important supporters of the round were 10t, Parafi, Newflow Partners, Marcy Venture Partners and the Commonwealth Bank of Australia.

This huge round puts Gemini in an enviable situation, reaches an evaluation of $ 7.1 billion and is currently becoming one of the most important US stock exchanges. The often criticized regulated approach, which Gemini pursues in his cryptocurrency business, is probably the trigger for this. Sachin Jaitly said on this topic:

Your vision for the role of crypto in the redesign of money, financial system, art and the Internet and its success in the incubation and scaling of innovative technologies give us confidence in Gemini's ability to continue to be an industry leader.

Gemini's alternative proposal

One of the goals of the Gemini founders is to propose an alternative meta verse that differs from what other companies are currently doing. In a (n Interview With Forbes, Cameron Winklevoss spoke about the various ways that try to make the idea of ​​meta -verses:

There is a centralized path ... it is only a step away from being a meta persona, and that's perfectly fine. But there is another way, namely the decentralized meta verse, and this is the meta personation in which we believe that there is a greater selection, independence and possibilities, and there is a technology that protects the right and dignity of the individual.

Gemini has already invested in these initiatives via the Gemini Frontier Fund, including projects such as The Sandbox from Animoca Brands.

The company seems to bring this again on a collision course with Mark Zuckerberg and Meta (formerly Facebook), which have a completely different perception of the meta verse and its execution. Other stock exchanges are also interested in getting into the meta-verse investment scene. Kucoin, an Asian stock exchange, recently a 100- million dollar fund for incubation from Metaverse startups.

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