The Winklevoss twins’ crypto exchange Gemini will reportedly be channeling the freshly secured $400 million financial support via fundraising towards a “Gemini experience in different Metaverses”. 

Specifically, Gemini reportedly disclosed details regarding the successfully obtained $400 million via an equity growth funding round at a valuation of $7.1 billion on Nov. 18 – which will go down in history as the first Gemini reach out for outside financing.

Morgan Creek Digital reportedly led the round – which witnessed 10T, ParaFi, Newflow Partners, and Marcy Venture Partners taking part in, among others, taking part in. 

Notably, the Commonwealth Bank of Australia (CBA) – which also teamed up with Gemini to roll out the first crypto trading services offered by a big four Australian bank – also contributed support to the funding round. 

“With this round of financing, Gemini will continue to bring simple, innovative, and secure products to market, and advance its geographic expansion”. 

Tyler and Cameron Winklevoss reportedly revealed details regarding their plans for widening the scope of Gemini to establish its presence across the Metaverses. 

Tyler claimed that rather than creating a variety of “branches in meatspace” – a reference to the well known meme-based description of physical reality – the firm has a goal of spreading itself throughout different Metaverses. 

“We’re gonna build a Gemini experience in different Metaverses, where you can go into Gemini and trade, but it would be immersive instead of on your phone.”

Per Forbes, the twins will still have the possession of 75% over Gemini, with Morgan Creek’s general partner Sachin Jaitly joining the board of directors as part of his firm’s $75 million investment into the crypto platform.