Veloce Media Group Secures $50 Million Investment from GEM Digital
Veloce Media Group, a leading gaming and sports media organization, has announced a major investment commitment of $50 million from GEM Digital Ltd. This investment will fuel Veloce’s growth and support its transition to Web3 with the launch of its new blockchain utility and governance token, VEXT. Here are the key points:
– GEM Digital Ltd, a global digital asset investment firm, will invest up to $50 million into Veloce Media Group through a structured token subscription agreement.
– Veloce is the world’s largest racing gaming media network, with over 35 million subscribers, nearly one billion monthly views, and a significant social media following.
– The introduction of VEXT will position Veloce as a leading decentralized gaming and sports media organization, providing token holders with real utility and rewards.
– The partnership with GEM Digital reflects both companies’ commitment to innovation and growth in the utility token space.
– Veloce plans to use the investment to acquire more gaming and real-life racing properties, giving its community further VEXT utility and influence.
This investment represents an exciting opportunity for Veloce to expand its reach and offerings within the gaming and sports media industry. With GEM Digital’s support, Veloce is well-positioned to continue its success as a pioneer in the field.
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