Golden Finance reports that Web3 digital racing media network Veloce will launch its utility and governance token VEXT on September 4, 2023. Veloce has partnered with PolygonLabs to build an Ethereum scaling architecture that facilitates fast, cost-effective and secure transactions across the Polygon protocol. Veloce's token, VEXT, enables holders to become part of the Veloce ecosystem, including its multiple gaming and real-world teams, creators, alliances and content.

Jinse Finance reported that Veloce, the Web3 digital racing media network, announced that it has obtained a new round of financing with an upper limit of 50 million US dollars through the "Structured Token Subscription Agreement". GEM Digital participated in the investment, and the new funds will be used for the second stage to develop and launch a decentralized racing and e-sports platform, acquire other game assets, and explore the integration of VEXT tokens into games. Veloce is a multi-functional game and sports media group. Its brands include the game racing platform Veloce Esports and the ace team Veloce Racing. It is reported that the VEXT platform will be launched this summer, but the specific time has not yet been announced.