The cryptocurrency incubation platform Gems raised 198 million dollars and will allocate it to the first three projects of Gems.

DeepFlow TechFlow news: The Israeli cryptocurrency incubation platform Gems reported raising 198 million US dollars to "explore the true gems in the Web3 field." The raised funds will be allocated to Gems' first three projects. It is reported that Gems platform has gathered a large network of investors organized by "leaders" to provide early access to what are considered high-quality early projects. Gems claims to provide solutions to ICO scams, which have severely affected the entire digital asset industry. Gems self-launched earlier this year, raising 10 million US dollars and launching its native token GEMS.