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GEM Digital Commits $50 Million Investment in Veloce Media Group for Web3 Growth and VEXT Launch

Global digital asset investment firm GEM Digital Limited has committed to investing $50 million in Veloce Media Group. The investment will support Veloce's growth as it transitions to Web3 and launches its new blockchain utility and governance token, VEXT. Veloce is the world's largest racing gaming media network, with over 35 million subscribers and nearly one billion monthly views across multiple digital platforms. The partnership with GEM Digital 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. CEO Rupert Svendsen-Cook and Head of Digital Marketing Louis Broomfield are among the key contacts for Veloce Media Group.

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