Gemini raised $400 million in funding to help it build in the metaverse as it goes head to head with archrival Meta
markets.businessinsider.comREUTERS/Brian Snyder
Crypto exchange Gemini, founded by the Winklevoss twins, has plans to go deep into the metaverse after completing a multimillion-dollar funding round.
The plans will bring Tyler and Cameron Winklevoss into competition with old archrival Mark Zuckerberg's Meta – the parent of Facebook — which has plans for a virtual world of its own.
New York-based Gemini said Wednesday it had raised $400 million in a new growth equity funding round led by Morgan Creek Digital, with participation from the Commonwealth Bank of Australia and others. The injection of outside financing means the crypto platform is now worth $7.1 billion, it said.
Speaking to Forbes, the Winklevoss brothers talked about Gemini's plans to build into metaverses and
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