NEW YORK– March 13, 2023 – Global law firm Greenberg Traurig, LLP represented Sortium, a developer of AI & Web3-oriented entertainment technology, in a multimillion-dollar seed investment round.
Sortium builds immersive virtual experiences for its users by combining Generative AI and Web3 blockchain technology. They created Sortium AI, a game and virtual production creator platform, to power their flagship game: CosmoGene. The company revealed their funding in a recent filing with the U.S. Securities and Exchange Commission.
Sortium was represented by Eyal Peled, a Corporate Practice shareholder and member of the Blockchain & Digital Assets Practice based in New York, and Omer Gamlieli, a Corporate Practice associate in the New York office.
About Greenberg Traurig’s Blockchain & Digital Assets Group: Greenberg Traurig’s Blockchain & Digital Assets Group is comprised of more than 80 attorneys across multiple legal disciplines in key financial hubs around the world. The team leverages its diverse experience to advise clients on matters ranging from token structuring, fund formation, investment strategies, financial regulation and registration, international tax planning and structuring, stable coins and asset-backed digital assets, infrastructure applications, technology licensing and development, securities compliance, cryptocurrency exchanges and trading, and blockchain-as-a-service. The team also advises governments and municipalities on evolving or model regulatory standards and other pertinent matters relating to blockchain and digital assets.
About Greenberg Traurig’s Corporate Practice: Greenberg Traurig’s Corporate Practice comprises more than 550 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group’s industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 44 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 250. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.