Gemie raises $3.8M for building Asia’s first entertainment metaverse

  • The project aims to build an Asia-focused metaverse platform for A-list celebrities, including K-pop stars, to create virtual planets, digital collectibles and utility-focused NFTs.
  • Through Gemie metaverse, fans will be able to interact with their favorite celebrities in a meaningful way and open up new commercial opportunities for artists and IPs.
  • The fundraising round is led by Shima Capital, Infinity Ventures Crypto, and NGC Ventures.

Gemie is delighted to announce the completion of the latest $3.8 million fundraising round led by Shima Capital, Infinity Ventures Crypto, and NGC Ventures. The funding will accelerate the development of the Gemie Marketplace and the entertainment-themed metaverse. Soul Capital, Kenetic, Sparks Digital Capital, ICO Pantera, SL2, Oddiyana Ventures, Beyond Next, Quadax LLC, and AVStar Capital also participated in the round.

Gemie’s goal is to connect top-tier celebrities in Asia with their fans without geographical limitations through an immersive metaverse experience. Fans will be able to interact with their favorite stars and intellectual properties (IP) by traveling to different virtual planets and enjoying exclusive perks with utility-focused nonfungible tokens (NFT). Fans can also show support by purchasing licensed digital collectibles in the Gemie Marketplace.

The company has already reached partnerships with several high-level artist management firms and movie production houses in the region. With additional resources, the company will widen the discussions with more players in the entertainment industry. Gemie is expected to announce its first collaborating celebrity in the early second quarter of 2022.

John Fung, co-founder of Gemie, said, “Pop culture and the entertainment landscape in Asia have their own dynamic and are very different from in the West. When you look at how K-pop has impacted the world, it’s not hard to realize it’s a powerful force. While we have seen that western celebrities such as Justin Bieber, Snoop Dogg and Travis Scott are well-received in the metaverse, things are still relatively behind in the East. We see huge potential for artists in Asia to embrace this new virtual way of fan engagement, and we are glad that our investors share our vision of bringing the Asian entertainment industry into the Web3 world.”

About Gemie

Gemie is an Asia-based celebrity metaverse platform and premium NFT marketplace. The startup was founded in 2021 and aims to reinvent the entertainment industry by directly connecting celebrities and fans through customized virtual planets and digital collectibles.

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