Quick take:
- Leading ESports Franchise Galaxy Racer (GXR) has invested $25 million in $QUINT.
- The new partnership will also see the GXR adopt $QUINT as its ecosystem token.
- Galaxy Racer will integrate $QUINT into its website’s payment system to explore use-cases across its verticals.
One of the world’s largest e-Sports and lifestyle brands Galaxy Racer (GXR) has made a massive bet on the future of crypto in esports. The GXR has announced a $25 million investment in the Quint Ecosystem token $QUINT.
According to the announcement, Galaxy Racer will also adopt the $QUINT token, integrating it into its ecosystem to establish potential use cases across its business verticals.
Quint is a crypto token created to link the physical world to the metaverse by offering super-staking pools, which reward investors with compounding high yields. It also provides users with an opportunity to participate in NFT airdrops as well as, unlock exclusive lifestyle perks.
Esports companies have dived into the NFTs and metaverse bandwagon to unlock more value for their avid fans. The company has five key business verticals that could all benefit from crypto integration, including content creators, e-sports teams, tournament management, merchandising, lifestyle, and its own record label.
Galaxy Racer also boasts over 500M+ followers worldwide, and over 100+ content creators generating over 2.5 billion monthly views.
Commenting on the new partnership, Founder and CEO of Galaxy Racer, Paul Roy said: “We are thrilled to announce our investment and partnership with The Quint Ecosystem’s revolutionary token, QUINT. We have been approached by many crypto projects all hoping to partner with us as we continue to grow and expand globally.”
Roy also explained that the company took its time to identify the right partner before signing on to the new deal.
“We wanted to partner with an industry-leading company, team, and technology behind them – which we strongly believe is Quint,” he added.
On the other hand, Quint’s CEO and Managing Partner, Rahul Chaudhary commented: “Quint is thrilled to partner with Transmedia powerhouse and Middle Eastern e-sports pioneer Galaxy Racer. Our entire roadmap is predicated on linking the virtual and real worlds while creating value for diverse communities, including the global e-sports audience.
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