VEXT Is Next for Veloce in Web 3.0 Evolution

May 5, 2023 – London, United Kingdom

VEXT is next for Veloce in Web 3.0 evolution – London-based company to launch VEXT utility and governance token.

Veloce, the world’s leading digital racing media network, is diving into the world of Web 3.0 with the launch of its new blockchain utility and governance token VEXT.

Created in partnership with MDRxTech – experts in tech development and Web 3.0 strategy – VEXT will allow the Veloce community to truly influence and govern key decentralized Veloce assets.

The Veloce brand comprises of industry-leading gaming and racing platform, Veloce Esports, and a race-winning outfit, Veloce Racing, currently competing in the renowned Extreme E championship.

Within this Veloce network are some of the most influential names in gaming and racing, including Mercedes AMG, Ferrari, McLaren and Yas Heat, as well as established joint venture sub-brands, such as Lando Norris’ gaming and lifestyle brand Quadrant.

With the largest racing community in the world, attracting 35 million subscribers so far and hitting nearly one billion monthly views, the Veloce group represents a perfect fit for Web 3.0.

VEXT will allow token holders to integrate within the Veloce ecosystem and have a tangible influence on the direction of assets within the Veloce group, including teams, talent, leagues and content.

Token holders will also be able to transact across games and live interactive sports features, with rewards for engagement such as tokens, early access to merchandise and real-world events for an enhanced user experience.

A VEXT integrated store, together with Veloce partners, will fully incorporate the Veloce network into a decentralized community, implementing further utility to onboard users and reward early adopters.

Details on VEXT and its platform will be released in the coming weeks, with multiple partnerships and integrations to be announced.

Users who are interested in learning more about VEXT, can sign up on the website ahead of the public pre-sale, which will be announced soon.

Rupert Svendsen-Cook, co-founder and chief executive officer at Veloce, said,

“This is the most exciting thing we have ever done. As a business, we have the two key ingredients for Web 3.0 – a globally engaged community and an incredible amount of utility. Our ultimate ambition is to become the first truly decentralized global sporting group.”

Tom Grogan, CEO…