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Veloce is a recognized leader in gaming and racing, commands an impressive 1 billion monthly views and 35 million subscribers worldwide. Now, this influential brand is striding into the web3 space. Through the introduction of the VEXT governance token and its own metaverse, Veloce is actively fostering the expansion and dedication of its community by redistributing the power of influence to them.
Key Takeaways:
Veloce Media Group is stepping into the web3 space to support community loyalty and growth by launching its own metaverse, the Vextverse.
VEXT is the governance token of Veloce, and it’s also used for gameplay, gaming rewards and other aspects of the user experience.
Veloce Media Group, a leader in motorsports and gaming, was established in 2018 in London. The Veloce brand comprises two distinctive platforms. Veloce Esports is an industry-leading gaming and racing platform, and Veloce Racing competes in the Extreme E events and other notable real-world events. The brand is affiliated with well-known esports and racing teams, such as YAS HEAT, McLaren, Ferrari and Mercedes-AMG.
With notable influence and professional relationships, Veloce is ideally positioned to benefit from a move to web3. This has led to the birth of Vextverse, Veloce's very own metaverse, which utilizes the VEXT token to incentivize user engagement.
By building a metaverse for its community, Veloce will deliver an upgraded user experience in both the gaming and live sports industries. More specifically, Veloce is committed to being the world’s first decentralized sporting and gaming group in which governance power is given to fans who hold VEXT tokens. Additionally, VEXT token holders can participate in real-world industry events, get early access to branded merchandise and earn rewards.
VEXT is the governance and utility token for the Veloce digital racing media network. Minted as an ERC-20 token on Polygon, it has a maximum supply of 300 million tokens. Token holders can use their voting rights to shape the community and steer the future of the network in exciting ways. In addition, VEXT token holders have access to products sold in Veloce stores. More than a simple fan token that grants membership perks and governance power for Veloce users, VEXT is also integrated into Veloce's metaverse games.
As the world's largest digital racing media group, Veloce's metaverse supports members' special experiences and attendance at private events and sporting events. Token holders can use VEXT to play web-based and mobile games. Three exclusive Race Clubs are available for token holders to participate in, each one with 3- and 6-month experiences available. Prizes are distributed in VEXT tokens, and can be claimed at every pit stop.
While VEXT is Veloce's native token, it’s also an open-source tool that supports interaction within the ecosystem. Specifically, it allows third-party developers to easily incorporate the token into their various projects, such as services, games and more.
Ethereum ranks as the second largest blockchain network, recognized for its superiority in smart contract development, decentralization and security. However, it falls behind in the crucial area of scaling, which is critical for completing transactions quickly. Enter Polygon, a Layer 2 protocol that runs alongside Ethereum and functions to help Ethereum scale. Notably, the Polygon network offers faster processing times and lower transaction fees. At the same time, it provides superior security and decentralization. Moreover, Polygon's commitment to achieving carbon-negative emissions aligns seamlessly with the sustainability goals of the Veloce digital racing media network.
VEXT launched exclusively on Bybit in early September 2023. As one of the top three crypto exchanges in the world, Bybit is fully committed to supporting the heightened interest in VEXT. If you’d like to be part of Veloce’s metaverse community, you can get started by purchasing VEXT as a Spot pair on Bybit (VEXT/USDT).
To do so, you’ll need to have a funded wallet that’s linked to an active Bybit account. You can easily open a Bybit account in a few minutes by clicking on the Sign Up link on Bybit’s homepage. While the VEXT token is necessary to start playing the ecosystem’s many web-based and mobile games, users can also accumulate VEXT through in-game rewards and perks.
As the world’s largest digital racing media company, Veloce is strategically positioned to enhance users’ experiences through its new metaverse platform. To participate in this metaverse and reap the benefits of being a Veloce community member, you must be a VEXT token holder. For gamers, racing enthusiasts and industry professionals looking to get involved, consider starting by acquiring VEXT tokens today, which will allow you to participate in Veloce's evolving ecosystem.
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