Switzerland based NFT and Metaverse company Payfoot, has announced 50 million USD investment commitment from GEM Digital Limited a Bahamas based digital asset investment firm. GEM Digital will provide Payfoot with a share subscription facility of up to 50 Million USD for a 36-month term following a crypto exchange listing, which will allow Payfoot to draw down funds by issuing tokens to GEM. Payfoot will control the timing and the maximum size of such drawdowns and has no minimum drawdown obligation.
Payfoot will utilize this facility to tap further the full potential of the thriving soccer and sports related NFT’s and Metaverse market globally which is expected to grow worldwide to over USD $3 trillion dollars in the next eight years.
“The teams at Payfoot are very excited to execute the agreement with GEM as this brings us to the next level of growth and expansion,” said Helie D’hautefort, Co-Founder & CEO of Payfoot. “This capital commitment initiates a series of strategic targets that position and maintain Payfoot as a global leader of the sector and will be embarking on in the coming weeks towards the execution of our long-term goals”.
Thibault Verbiest, co-founder, also stated that the company plans to go on Exchanges through several of the top 5 exchanges and upon the progress of the signature of prime sports clubs Payfoot is actually in discussion with.
“GEM’s capital markets industry expertise, as well as its ability to provide significant strategic & financial support will allow Payfoot to thrive as we continue to expand internationaly and secure prime football clubs in line with the Qatar 2022 World Cup as well as the Payfoot offers for the next years into the sport web 3.0 industry” he added.
Payfoot has built the only comprehensive virtual soccer ecosystem, with a cutting-edge metaverse for the football community, where football clubs and fans will interact in a new way in our virtual ecosystem.
Payfoot hosts the entire value chain and offers all the benefits blockchain can offer: we create an entire VR environment where football clubs will leverage the passion of their fans around the world in a revolutionary way, with a unique USP (dedicated stadiums in our Metaverse/ virtual shops /social network / unique events and new interactions with fans/data collection, decentralized marketplace, buy, receive, exchange and swap Tokens & NFTs).
Our mission is to digitally revolutionize the world of sports and share the value creation with clubs and athletes, amplifying the way fans live and experience their passion. Our vision is to create a (de)centrally-governed ecosystem for the sports community – starting from football to the whole sector. With our unique soccer-related metaverse and social network, we maximize the fans’ engagement and interaction, giving every individual the same possibilities to take part in the game.
Payfoot is developed by RCS SA (Reserve Currency Solutions SA), a Swiss company based in Zug, also known as the cradle of the Crypto Valley
About Gem Digital
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges 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 diverse set of investment vehicles focused on emerging markets and has completed over 520 transactions in 80 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.
About Licorne Gulf
Payfoot has been advised by Licorne Gulf, a specialized advisory firm focusing on capital raising based out of Bahrain, Saudi Arabia, London, and Geneva, founded by Alexandre Katrangi & Irina Duisimbekova. The company has 25 years of international experience with fundraising, M&A, development, and advisory for SMEs, Fortune 500 companies, and family businesses.