[PRESS RELEASE – London, United Kingdom, September 1st, 2023]
Velos, the world’s leading digital racing media network, will launch its utility and governance token, VEXT, on September 4, 2023.
VEXT will launch exclusively on ByBit, a top three global crypto exchange.
Velos has partnered with Polygon Labs, an international software development company, to build an Ethereum scaling architecture that facilitates fast, cost-effective and secure transactions in the Polygon protocol.
Rupert Svendson-Cook, CEO of Velos Media Group, will be on stage with Polygon Labs COO Mike Blank to talk about VEXT integration with Polygon at Korea Blockchain Week (Sept. 4).
Velos’ token, VEXT, entitles holders to be part of the Velos ecosystem, which will have substantial impact on decentralized assets within Velos Media Group, including its many gaming and real-world teams, creators, leagues and content.
With a roadmap already in the launch phase offering a range of features and game-changing utility, Velos will harness all its resources to build a truly future-facing sports and media conglomerate on the blockchain.
The launch of VEXT brings an evolved user experience with voting and resolution features, 6 gamified staking pools, integrated games and will develop the platform to offer product and trading privileges, token holder event access with interoperability across features.
Rupert Svendsen-Cook, CEO of Velos Media Group, said: “To build the first decentralized global gaming cluster and eventually grow our entire ecosystem into Web3, we needed the ultimate blockchain architecture – Polygon Blockchain is exactly that. Leveraging the Polygon Protocol along with our incredibly engaged community and usability will be a great combination for the industry.
Aishwarya Gupta, Head of Payments and Fintech at Polygon Labs, said: “We are thrilled by Velos’ decision to harness the power of the Polygon blockchain for their visionary Web3 project. His ambition for the future of sports and gaming is truly inspiring. As Velos continues to be a leader, we eagerly anticipate the seamless integration of their well-established Web2 community into the thriving Polygon ecosystem.
About Velos Media Group
Established in 2018, Velos is a multi-pillar gaming and sports media group operating in some of the most innovative, fast-growing and future-focused sectors in the UK.
Headquartered in London, the Veloce brand includes industry-leading gaming and racing platform Veloce eSports and race-winning organization Veloce Racing, currently competing in the renowned Extreme E Championship.
As the world’s largest digital racing media network, Veloce has attracted over 35 million subscribers and nearly one billion monthly views to date, with a focus on eSports, gaming, purpose-driven motorsport and Web3 .
Veloce has partnered with several high-profile teams around the world running gaming and eSports team operations, including Mercedes AMG, Ferrari, McLaren and Yes Heat. Well-established JV sub-brands, including Lando Norris’ gaming and lifestyle brand Quadrant, form another important aspect of Veloce’s vast global network.
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