Bahamas based digital asset investment firm GEM Digital, which invests in tokens, has added $50 million to its $10 million investment in UAE Everdome Everdome a hyper-realistic metaverse that will bring brands and people together.Everdome had also received investment from BNBChain, OKx, and Unreal engine. Everdome will use the proceeds of the investment to boost infrastructure and allow heavy traffic loads in a high-fidelity environment. As per Everdome announcement the first $10 million received from GEM Digital has already been drawn down by Everdome for the development of the metaverse project. GEM’s increased investment commitment follows Everdome’s recent change of management in appointing Jeremy Lopez as CEO, and clearly demonstrates their strongest support of the new management's previous track record and commitment to the vision of our project moving forward. Jeremy developed the relationship with GEM during his previous role as COO, while also assisting in the part...

  The Ultra-Abu Dhabi, the premier EDM music festival taking place on March 4 th and 5 th 2023 will be powered by NFT (Non fungible token) tickets developed by BNB Chain, smart contract blockchain and   Fellaz, a Web3 entertainment ecosystem. The cutting edge ticketing solution powered by BNB Chain will verify the authenticity of tickets, ensuring legitimacy. The collaboration will allow for a more seamless and secure ticketing experience for Ultra Abu Dhabi fans using NFT ticketing while providing a new blueprint for Web3 fan engagement specializing in the music industry. BNB Chain was originally initiated by Binance but has since grown to become a community-driven, permissionless, and decentralized blockchain ecosystem. Binance is now  one of the many contributors operating within the BNB Chain ecosystem rather than some kind of dominant force wielding unilateral power over it.  Alvin Kan, Director of Growth and Ops at BNB Chain said, “The new NFT ticketing s...