Veloce Media Group Announces Major Investment Commitment of $50 Million From GEM Digital Limited

July 6, 2023 – London, United Kingdom

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.

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 – 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.

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.

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.

Daniel Bailey, chief commercial officer of Veloce and CEO of Veloce Racing, said,

“This is a very exciting transaction. It comes very soon after the announcement of VEXT and our plans to evolve our media and sports group into this truly innovative space, validating Veloce’s position as a pioneer in the industry.

“The GEM commitment will allow us to focus on growth and expansion through acquisition of more gaming and real-life racing properties, ultimately giving our vast community further VEXT utility and influence.”

For GEM Digital, the…