Gems, esports 3.0 Aggregator Platform, Raises 5M USDT

Gems, an esports 3.0 aggregator platform that combines the elements of GameFi, esports, the metaverse and social finance — or “Gems” for short — is set to launch in the second quarter of 2022.

Gems has successfully raised 5 million Tether (USDT) and has acquired support from more than 30 venture capitals and 45-plus ecosystem and solution partners, including, but not limited to, heavyweight GameFi leaders such as Project Seed, Fight of the Ages, Dreams Quest, World Overlay, Moonray and Starverse.

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 Web3, people can now read, write and own the content and fully immerse themselves in the gaming world.

According to NewsWagg’s research, the blockchain-gaming industry had market revenue of $321 million in 2020, with around 41.9 million gamers owning crypto. The combined blockchain and esports market is facing exponential growth, where the blockchain Industry Is capitalizing on esports. It is clear that times are changing, which is why Gems is diving into different elements of blockchain and esports and becoming the pioneers and leaders of esports 3.0.

Andy Koh, CEO of Gems, said:

“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. With this strong alliance, I am positive that Gems is going to fulfill its goals and transform the world.”

Yuen Wong, co-founder of Gems, said:

“I believe Gems will fly to the moon once launched. It has everything needed to get started with blockchain. It is basically Steam but a blockchain version, plus a guild in an online-to-offline (O2O) and sharing economy. We want to make crypto, blockchain, GameFi and nonfungible tokens (NFTs) available to everyone by setting a low entry fee and rental fee. Gems is the most advanced ecosystem at the moment.”

More than 32 venture capitals have invested in the Gems esports 3.0 platform currently, such as Oracles Investment Group, Gains Associates, Crypto Vietnam, Kenzo Ventures, Plutus Venture Capital and many more. During the past few months, Gems has outreached more than 800,000 users and partnered with 30-plus blockchain and esports associations and companies at the C-suite level.

Little pay, addiction, limited support…these are just some of the pain points of the traditional #Esports player.

#GEMS will help players overcome these hurdles and navigate the complex industry! pic.twitter.com/6ZD7TAwHJ1

— GEMS GameFi & Esports 3.0 Platform (@gemsgg_official) April 13, 2022