Veloce Media Group, a multi-pillared gaming and sports media group based in London, is launching its governance and utility token, VEXT, exclusively on ByBit, one of the global top leading exchanges. VEXT will empower holders to become part of the Veloce ecosystem and have further influence, integration and rewards over decentralized assets within the Veloce Media Group. The utility of VEXT can be split into five main pillars: governance, play, redeem, access and integrate. Governance provides members with voting and governance rights within the Veloce Group ecosystem. Play allows members to transact across VEXT integrated mobile games, web games and live interactive sports features, with prizes to be won. Redeem gives members the chance to receive and unlock exclusive perks surrounding products and content within the Veloce Group. Access provides members with the chance to attend private events, sporting events and personal experiences. Integrate is an open-source tool for third-party developers, allowing them to incorporate VEXT into their games, services and other projects. The exclusive listing with ByBit secures VEXT on one of the most established global exchanges, which facilitates fast, cost-effective and secure transactions globally with more than $15.5 billion in average daily trading volume. Rupert Svendsen-Cook, CEO of Veloce Media Group, will be on stage at Korea Blockchain Week alongside Mike Blank, COO of partner protocol Polygon Labs, to introduce VEXT to the global leaders within the industry. VEXT will be launching on September 4, 2023. Founded in 2018, Veloce is partnered with a number of high-profile teams from across the globe, running multiple gaming and esports team operations, including Mercedes AMG, Ferrari, McLaren and Yas Heat. Well-established JV sub-brands, including Lando Norris’ gaming and lifestyle brand Quadrant, make up another key aspect of Veloce’s vast global network.

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Information	Details
Geography	Global
Countries	🇬🇧
Sentiment	positive
Relevance Score	8
People	Rupert Svendsen-Cook, Mike Blank
Companies	Veloce Media Group, Korea Blockchain Week, Polygon Labs, ByBit, Extreme E
Currencies	Ethereum, Bitcoin, MyBit, Veloce
Securities	None