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Reading: Vitreus Foundation Gets $15M Investment for AI Blockchain Growth
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Kriptoteka > Market > DePIN > Vitreus Foundation Gets $15M Investment for AI Blockchain Growth
DePIN

Vitreus Foundation Gets $15M Investment for AI Blockchain Growth

marcel.mihalic@gmail.com
Last updated: September 14, 2024 8:00 am
By marcel.mihalic@gmail.com 3 Min Read
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[Grand Cayman, Sept 2024] – Vitreus, a pioneering force in decentralized artificial intelligence (AI) blockchain technology, is excited to reveal a transformative strategic partnership with GEM Digital Limited (GEM), a Bahamas-based digital asset investment firm that specializes in sourcing, structuring, and investing in utility tokens across more than 30 centralized and decentralized exchanges worldwide. The formalization of this partnership signifies a pivotal moment in Vitreus’ evolution, as GEM has pledged a $15,000,000 USD investment to support Vitreus, ushering the company into an exciting phase of development and innovation.

“We are delighted to bring GEM on board as our inaugural institutional-grade investor,” remarked Chad, Founder. “GEM’s dedication to our vision and their substantial backing emphasizes the potential of Vitreus to revolutionize the landscape of blockchain technology. With GEM’s extensive expertise and resources, we are positioned to broaden our impact, accelerate our initiatives, and fulfill our goal of establishing a decentralized, globally interconnected ecosystem.”

In the upcoming two years, GEM will participate in ongoing OTC acquisitions of wVTRS, aiding Vitreus’ expansion while maintaining market stability. This collaboration aligns with the long-term aspirations of both Vitreus and GEM, fostering a cooperative strategy to promote innovation and growth within the blockchain sector.

“Embarking on this transformative partnership with GEM allows us to explore new opportunities, enhance innovation, and influence the future of blockchain,” Chad added. “This alliance transcends mere investment; it’s about synchronizing our visions for a decentralized future and collaboratively turning that vision into reality.”

The collaboration with GEM underscores Vitreus’ capability to drive disruption in the AI landscape. Together, Vitreus and GEM are poised to redefine the possibilities within decentralized technology.

About Vitreus

Vitreus is a Layer 0 blockchain platform designed to effectively facilitate innovation through its distinctive multi-token economic model and Decentralized Physical Infrastructure Network (DePIN). Central to Vitreus are VTRS and VNRG, which are building a globally integrated, decentralized ecosystem at the forefront of the Web3 sector.

About GEM Digital Limited

GEM Digital Limited, based in The Bahamas, is a digital asset investment firm that actively sources, structures, and invests in utility tokens listed across over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a wide array of investment vehicles that focus on emerging markets and has executed over 580 transactions in 72 countries. Each investment vehicle comes with varying levels of operational control, risk-adjusted return, and liquidity profiles. The collection of funds and investment vehicles allows GEM and its partners to gain exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.

We. Are. Vitreus.


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