Gemini Raised $400M To Expand In Different Metaverses

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Winklevoss twins plan to build a Decentralized Metaverse against Zuckebergs Centralized Metaverse.

Morgan Creek Digital led the $400 Million Capital raise for Gemini with Commonwealth Bank of Australia, BoostVC, United Talent Agency, and many more contributors. 

Gemini will use a portion of the funding round to expand in different Metaverses. The twins will retain 75% of ownership over Gemini, while Morgan Creek Digital partner Sachin Jaitly will join the two brothers as the 3rd board director.

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.

Tyler Winklevoss

One of the twin’s first moves was made in April when they bought land plots in The Sandbox, a famous Metaverse where big names have invested, such as Atari and Binance.

Decentralization is a spectrum. But there is another path, the decentralized Metaverse, and that’s the Metaverse, where we believe there’s a greater choice, independence, and opportunity. There is technology that protects the rights and dignity of individuals.

Cameron Winklevoss

Will this indicate one more battle between the brothers and Zuckerberg?

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