London, United Kingdom, July 6, 2023, Chainwire

  • Velos Media Group publicizes main funding dedication of $50 million from GEM Digital Restricted Important funding to spice up Velos Media Group, Growth.
  • Gem Digital Restricted, a number one world, digital asset funding agency

Following Velos Media Group’s announcement of developments in Web3, with the launch of its new blockchain utility and governance token, VextAs we speak it was introduced that GEM Digital Restricted will make investments as much as $50 million within the group by way of a structured token subscription settlement.

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Veloce, which incorporates industry-leading gaming and racing platform Veloce eSports and race-winning excessive e group Veloce Racing, has attracted greater than 35 million subscribers, almost a billion month-to-month views and hundreds of thousands of social media views throughout a number of digital platforms, together with YouTube and Twitch. Have completed to be a media follower The world’s largest racing gaming media network.

The London-based group additionally operates eSports and gaming groups and types for a number of the most influential names within the {industry} together with Mercedes AMG, Ferrari, McLaren and Sure Warmth, whereas additionally establishing a profitable three way partnership sub-brand with Lando Norris – quadrant — and has continued to compete and win with the Veloce Elites.

begin of Vext Within the coming weeks, Velos will likely be established as a number one decentralized gaming and sports activities media group; Offering actual utility to token holders by way of numerous video games that combine VEXT and tangible results, advantages and rewards throughout all property of Velos Media Group.

The partnership with GEM Digital has all of the indicators of being a great ‘assembly of the minds’ because the funding agency strikes to extend its stake on this quickly increasing world of sourcing, structuring and investing in utility tokens in related and rising industries .

“This can be a very thrilling transaction,” Daniel Bailey, Chief Business Officer Veloce and CEO Veloce Racing stated“This comes shortly after the announcement of VEXT and our plans to develop our media and sports activities group on this really progressive house; Validating Velos’ place as a frontrunner within the {industry}.

“The GEM dedication will enable us to concentrate on development and enlargement by way of the acquisition of extra gaming and real-life racing properties, in the end offering higher utility and impression to our huge neighborhood.”

For GeM Digital, the funding has discovered a pure house that displays its ambitions to foster companies in rising markets, working with numerous organizations whereas supporting sustainable and inclusive ambitions by way of enterprise. This funding guarantees to usher in long-term mutual alternatives.

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Established in 2018, Velos is a multi-pillar gaming and sports activities media group working in a number of the UK’s most progressive, fast-growing and future-focused sectors.

Headquartered in London, the Veloce model contains industry-leading gaming and racing platform Veloce eSports and race-winning Veloce Racing, at the moment competing within the famend Excessive E Championship.

Because the world’s largest digital racing media community, Veloce has attracted over 35 million subscribers and almost a billion month-to-month views, specializing in eSports, gaming, purpose-driven motorsport and Web3.

Veloce has partnered with a number of high-profile groups around the globe, working a number of gaming and eSports workforce operations, together with Mercedes AMG, Ferrari and Sure Warmth. Properly-established JV sub-brands, together with Lando Norris’ gaming and way of life model Quadrant, kind one other essential facet of Veloce’s huge world community.

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About Gem Digital Restricted

GEM Digital Restricted is a digital asset funding agency. Based mostly within the Bahamas, the agency actively sources, constructions and invests in utility tokens listed on over 30 CEX and DEXs globally.

World Rising Markets (“GEM”) is a $3.4 billion various funding group with workplaces in Paris, New York and the Bahamas. GEM manages diversified funding autos targeted on rising markets and has accomplished over 530 transactions throughout 72 international locations. Every funding car has a distinct diploma of operational management, risk-adjusted return and liquidity profile. The household of funds and funding autos present GEM and its companions with the next exposures: small- to mid-cap administration buyouts, personal investments in public equities and choose enterprise investments.

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