London-based Veloce Media Group announced earlier this month that it has secured an investment “of up to” $50M USD from Bahamas-based digital asset management firm GEM Digital Limited through “a structured token subscription agreement.”
The funding is aimed at its blockchain token VEXT (described as a “blockchain utility and governance token”) that it announced on March 16 as part of a shift into Web3. The company said in a release that it will use this funding to acquire other racing and gaming-related properties.
Veloce Media Group operates the gaming and racing platform Veloce Esports and the esports sim racing team Veloce Racing. Across all of its network properties, Veloce Media Group claims that it has 35M subscribers worldwide and nearly 1B monthly views. It also operates professional sim racing teams for Mercedes AMG, Ferrari, Yas Heat, and F1 driver Lando Norris’ brand, Quadrant.
International esports organization Team Liquid announced Tuesday that it has acquired Southeast Asia-based esports organization…
Illinois-based gaming and esports company Midnight Gaming announced Monday that it entered into a letter…
The Esports Advocate has learned that Esports Illustrated will announce later today—barring any last-minute complications…
Former Ninjas in Pyjamas (NIP Group) executive Jonas Gundersen announced Monday that he has joined…
UK-based esports organization Tundra Esports announced this week that it has partnered with PC maker…
The Esports Advocate has learned that Chinese esports organizations Edward Gaming (EDG) and Bilibili Gaming…