Veloce is launching the VEXT token to power the world's largest media racing company, Veloce. The token will be used for Veloce's in-game activities and underpin an ecosystem for Veloce's gaming community.
Veloce currently has 8M Web2 gamers who will be onboarded into the Web3 ecosystem through this launch, making it one of the largest projects to onboard millions of users to Web3. Veloce also represents a dominant F1 media company, so this will represent a significant onboarding of F1 fans into Web3.
In summer of 2022, Veloce started the process of building the VEXT token and the future Vextverse ecosystem that it will support. Token launch is anticipated at the beginning of September, 2023.