September 13, 2024
Vitreus, a leading force in decentralized AI blockchain technology, has announced a major strategic partnership with GEM Digital Limited, a digital asset investment firm from The Bahamas. GEM, which invests in utility tokens on numerous centralized and decentralized exchanges worldwide, has committed $15 million to support Vitreus. This investment marks a significant milestone for Vitreus, driving its growth and innovation.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Vitreus Foundation | $15M | September 13, 2024 | Strategic Investment | GEM Digital Limited | AI |
Chad, the founder of Vitreus, expressed enthusiasm about GEM becoming their first institutional-grade investor. He noted that GEM’s investment and support will help Vitreus expand, speed up development, and achieve its goal of creating a decentralized, globally connected ecosystem.
Over the next two years, GEM will continue to support Vitreus through ongoing over-the-counter purchases of wVTRS, ensuring market stability and fostering growth. This partnership aligns with the long-term goals of both companies, promoting innovation and expansion in the blockchain industry.
Chad emphasized that this partnership is not just about investment but also about aligning visions for a decentralized future and working together to make it a reality. The collaboration with GEM highlights Vitreus’ potential to revolutionize the AI and blockchain sectors.
About Vitreus Foundation
Vitreus is a blockchain platform that uses two main tokens, VTRS and VNRG, to power its system. It focuses on creating a secure and decentralized network that supports advanced technologies like AI and IoT. Users can earn rewards and help the network grow by participating in this ecosystem.
Website: https://vitreus.io/
About Investor
Investor: Gem Digital Limited
GEM Digital is a digital asset investment firm based in The Bahamas. They focus on finding, structuring, and investing in utility tokens that are listed on over 30 centralized and decentralized exchanges worldwide.
Location: Nassau, New Providence, Bahamas
Website: https://www.gemdigital.com/
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