• Veloce Media Group has received a $50 million investment from GEM Digital Limited.
• This will fuel Veloce’s growth and allow them to expand their gaming and racing properties.
• The investment is in anticipation of the launch of VEXT, a blockchain utility and governance token.
Veloce Media Group Receives Major Investment
Veloce Media Group announces major investment commitment of $50 million from GEM Digital Limited – a significant investment to fuel Veloce Media Group’s growth. GEM Digital Limited is a global leading digital asset investment firm.
VEXT Token Launch
Following the announcement of Veloce Media Group’s evolution to Web 3.0 – with the launch of its new blockchain utility and governance token VEXT – it was today announced that GEM Digital Limited will invest up to $50 million, through a structured token subscription agreement, into the organization.
Veloce Esports & Racing Platforms
Veloce – comprising of industry-leading gaming and racing platform Veloce Esports, and race-winning Extreme E outfit Veloce Racing – has attracted over 35 million subscribers, nearly one billion monthly views across multiple digital platforms including YouTube and Twitch and millions of social media followers to become the world’s largest racing gaming media network. The London-based organization also operates esports and gaming teams and brands for some of the industry’s most influential names, including Mercedes AMG, Ferrari, McLaren and Yas Heat, while also establishing a successful joint venture sub-brand with Lando Norris ( Quadrant ) and continually competing and winning with Veloce Elites.
Benefits for Token Holders
The introduction of VEXT in the coming weeks will position Veloce as a leading decentralized gaming and sports media organization, providing token holders with real utility through a variety of games integrating VEXT and tangible influence, benefits and rewards across all of the Veloce Media Group assets.
Partnership With GEM Digital
The partnership with GEM Digital has all the signs of being a perfect ‘meeting of minds,’ as the investment firm moves to increase its stake in this fast-moving world of sourcing, structuring and investing in utility tokens in relevant and growing industries.