Crypto Updates

Veloce To Deploy Vext on Polygon, Evolving To Become the First Decentralized Global Sporting Group

Veloce To Deploy Vext on Polygon, Evolving To Become the First Decentralized Global Sporting Group

September 1, 2023 – London, United Kingdom

Veloce, the world’s leading digital racing media network, will be launching its utility and governance token, VEXT, on September 4, 2023.

VEXT will be launching exclusively on ByBit, a top three global crypto exchange.

Veloce has collaborated with Polygon Labs an international software development company building Ethereum scaling architecture, which facilitates swift, cost-effective and secure transactions across the Polygon protocols.

Rupert Svendsen-Cook, CEO of Veloce Media Group, will be on stage at Korea Blockchain Week alongside Mike Blank, COO of Polygon Labs, to talk about the VEXT integration with Polygon on September 4.

Veloce’s token, VEXT, empowers holders to become part of the Veloce ecosystem, which will have substantial influence over decentralized assets within the Veloce Media Group, encompassing its multiple gaming and real-world teams, creators, leagues and content.

With the launch phase already offering multiple features, and a roadmap introducing game-changing utility, Veloce will harness all of its resources to build a truly future-facing sports and media group on the blockchain.

VEXT’s launch brings an evolving user experience with voting and proposal features, six gamified staking pools and integrated games and will evolve the platform to offer product and merchandise privileges and token holder event access with interoperability across all features.

Rupert Svendsen-Cook, CEO of Veloce Media Group, said,

“To build the first decentralized global sporting group and ultimately evolve our entire ecosystem into Web 3.0, we needed the ultimate blockchain architecture the Polygon blockchain is exactly that.

“Leveraging the Polygon protocols, combined with our incredibly engaged community and utility, will be a formidable combination for the industry.”

Aishwary Gupta, head of payments and fintech at Polygon Labs, said,

“We are thrilled by Veloce’s decision to harness the power of the Polygon blockchain for their visionary Web 3.0 project. Their ambition for the future of sports and gaming is truly inspiring.

“As Veloce continues to be a pioneer, we eagerly anticipate the seamless integration of their well-established Web 2.0 community into the thriving Polygon ecosystem.”

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