Summary

GEM Digital Ltd will invest up to $50 million into Veloce Media Group, following the announcement of Veloce’s evolution to Web3 and the launch of its new blockchain utility and governance token. Veloce is a leading racing gaming media network with over 35 million subscribers and nearly one billion monthly views across various digital platforms.

Introduction

Veloce Media Group, a London-based organization operating in the gaming and sports media sector, has secured a major investment commitment of $50 million from GEM Digital Ltd. This investment follows Veloce’s move to Web3 and the introduction of its new blockchain token, VEXT. Veloce has a significant presence in the racing gaming industry, boasting a large subscriber base, high viewership, and partnerships with influential names such as Mercedes AMG and Ferrari.

Main Points

Veloce Media Group, encompassing Veloce Esports and Veloce Racing, is a leading racing gaming media network with over 35 million subscribers and nearly one billion monthly views. It operates across multiple digital platforms and has built a strong social media following.

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. This investment will support Veloce’s growth and expansion, allowing for the acquisition of more gaming and real-life racing properties.

Veloce is set to launch its new blockchain utility and governance token, VEXT, which will position the organization as a leading decentralized gaming and sports media entity. Token holders will have real utility and benefits across all of Veloce Media Group’s assets.

The partnership with GEM Digital aligns with both organizations’ ambitions and presents mutual long-term opportunities. GEM Digital seeks to work with diverse organizations and promote businesses in emerging markets, supporting sustainable and inclusive goals.

Conclusion

Veloce Media Group’s $50 million investment commitment from GEM Digital Ltd will fuel the organization’s growth and expansion in the racing gaming and sports media sector. This investment comes as Veloce evolves to Web3 and introduces its blockchain token, VEXT, providing token holders with tangible benefits and influence across the group’s assets.