Veloce Media Group, a multi-pillared gaming and sports media group, 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 decentralised assets within the Veloce Media Group. The utility of VEXT can be split into 5 main pillars: Governance, Play, Redeem, Access and Integrate. Governance will provide members with voting and governance rights within the Veloce Group ecosystem. Play will allow members to transact across VEXT integrated mobile games, web games and live interactive sports features, with prizes to be won. Redeem will give members the chance to receive and unlock exclusive perks surrounding products and content within the Veloce Group. Access will give members the chance to attend private events, sporting events and personal experiences. Integrate will be 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 $15.5B in average daily trading volume. In addition to this, Veloce Media Group CEO, Rupert Svendsen-Cook, 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 4th 2023. Rupert Svendsen-Cook, Chief Executive Officer at Veloce Media Group, said: “Our listing partnership with ByBit, rooted in their successful collaborations in Formula 1, perfectly aligns with our vision to integrate and elevate our established community through VEXT. We’re not simply following trends, but instead, authentically breaking new ground to evolve Veloce to connect our passionate and engaged community with a level of utility and governance within our ecosystem that we know will enhance the user experience.” Veloce, founded in 2018, is headquartered in London and has so far attracted over 35 million subscribers and nearly one billion monthly views with a focus on esports, gaming, purpose-driven motorsport, and Web3. 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	Europe
Countries	🇬🇧
Sentiment	positive
Relevance Score	8
People	Lando Norris, Rupert Svendsen-Cook, Mike Blank
Companies	Mercedes AMG, Veloce Media Group, Korea Blockchain Week, McLaren, Polygon Labs, ByBit, Yas Heat, Quadrant, Ferrari
Currencies	Ethereum, Bitcoin, MyBit, Veloce
Securities	None