Veloce Media Group Receives $50 Million Investment from GEM Digital Limited
Veloce Media Group, the leading gaming and sports media organization, has announced a major investment commitment of $50 million from GEM Digital Limited. This investment will fuel Veloce’s growth and support its evolution to Web3 with the launch of its new blockchain utility and governance token, VEXT. Here are the key points:
1. Veloce’s impressive reach: Veloce has attracted over 35 million subscribers and nearly one billion monthly views across various digital platforms, making it the world’s largest racing gaming media network. It operates esports and gaming teams for influential names like Mercedes AMG, Ferrari, and McLaren.
2. Introduction of VEXT: In the coming weeks, Veloce will introduce VEXT, positioning itself as a leading decentralized gaming and sports media organization. Token holders will have real utility through integrated games and tangible benefits across all Veloce Media Group assets.
3. Perfect partnership with GEM Digital: GEM Digital’s investment reflects its ambitions to work with diverse organizations and promote businesses in emerging markets. The partnership promises long-term opportunities for both parties.
4. Focus on growth and expansion: The investment will allow Veloce to acquire more gaming and real-life racing properties, providing further utility and influence to its vast community.
About Veloce Media Group
Veloce Media Group, founded in 2018, operates across gaming and sports media sectors in the UK. It includes Veloce Esports, a leading gaming and racing platform, and Veloce Racing, a race-winning outfit competing in the Extreme E championship. Veloce has a global network of high-profile partners, including Mercedes AMG and Ferrari.
About GEM Digital Limited
GEM Digital Limited is a digital asset investment firm based in The Bahamas. It actively sources, structures, and invests in utility tokens listed on various exchanges globally. GEM is part of the Global Emerging Markets group, managing diverse investment vehicles focused on emerging markets.
Hot Take
The $50 million investment from GEM Digital Limited is a significant boost for Veloce Media Group’s growth and expansion plans. With the introduction of VEXT, Veloce is set to become a leading player in decentralized gaming and sports media. This partnership with GEM Digital reflects their shared ambitions and promises mutual long-term opportunities.
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