• Veloce Media Group announces a major investment commitment of $50 million from GEM Digital Limited.
• This investment will help the organization grow and launch blockchain utility and governance token VEXT.
• Through the token subscription agreement, holders will have access to various games integrating VEXT as well as tangible influence, benefits, and rewards across all Veloce Media Group assets.
Veloce Media Group Announces Major Investment Commitment
Veloce Media Group has announced a major investment commitment of $50 million from GEM Digital Limited to fuel their growth. This structured token subscription agreement will provide token holders with real utility through a variety of games that integrate VEXT and tangible influence, benefits, and rewards across all of the Veloce Media Group assets.
GEM Digital Limited Investment
GEM Digital Limited is a global leading digital asset investment firm making a significant investment in Veloce’s evolution into Web 3.0 with the launch of its new blockchain utility and governance token VEXT. This partnership is expected to be beneficial for both parties by allowing GEM Digital to increase its stake in sourcing, structuring and investing in utility tokens in relevant industries while giving Veloce an opportunity to focus on growth and expansion through acquisition of more gaming and real-life racing properties for its vast community.
Veloce Esports & Racing
Veloce comprises industry-leading gaming platform Veloce Esports, race-winning Extreme E outfit Veloce Racing, esports teams/brands for Mercedes AMG, Ferrari, McLaren and Yas Heat plus its joint venture sub-brand with Lando Norris – Quadrant which continually competes and wins with Veloce Elites. With over 35 million subscribers across multiple digital platforms including YouTube & Twitch plus millions of social media followers – it has become the world’s largest racing gaming media network.
VEXT Token Subscription Agreement Benefits
The introduction of VEXT provides token holders with real utility through a variety of games integrating VEXT plus tangible influence, benefits & rewards across all of the Veloce Media Group assets such as exclusive content access or exclusive offers on merchandise or other services offered by any member group within the company’s ecosystem .
Statement From Daniel Bailey
Daniel Bailey – Chief Commercial Officer of Veloce & CEO of Veloce Racing – stated “This is a very exciting transaction….The GEM commitment will allow us to focus on growth and expansion…ultimately giving our vast community further VEXT utility”.