Galaxy Racer invests $25 million in cryptocurrency

galaxy runnera Dubai-based transmedia company, recently announced a $25 million investment in the Quint Ecosystem Token, $QUINT. The move makes Galaxy the first eSports and lifestyle organization to commit substantial funds to a cryptocurrency ecosystem.

Quint will also become the “native ecosystem token partner” of Galary Racer as a result of this collaboration. specializing in esports, music and sports, with operations in North America, the Middle East, North Africa, Southeast Asia, South Asia and Europe. Paul Roy launched Galaxy Racer in 2019.

“Galaxy Racer was born from my passion and my love for the game”, says Paul Roy, founder of the company (Galaxy Racer)

Content providers, eSports teams, eSports event management, GXR Limited, a merchandise and lifestyle brand, and GXR Records, a new record label are all part of Galaxy Racer.

Quint says it’s the first ecosystem to connect the metaverse to the real world, generating useful real-world utilities to drive adoption and investment interest. Real-world perks include luxury lottery giveaways such as the Bored Ape NFT and limited-edition Hublot Big-Bang watches, as well as partial ownership of high-yielding real assets, while earning premium cryptocurrency .

“Galaxy Racer was born out of my passion and love for gaming. It started with humble beginnings, following my involvement in various industries ranging from theme parks to animation/VFX to video games for over twenty years,” Roy said in a March 25 interview with Bourgondischelative lifestyle

Not familiar with the Metaverse? Here’s a working definition: it’s a “digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR) and cryptocurrencies to enable users to interact virtually,” said. “Augmented reality superimposes visuals, sound, and other sensory inputs onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.

“As the Metaverse grows, it will create online spaces where user interactions will be more multi-dimensional than current technology mediums. Instead of just viewing digital content, Metaverse users will be able to immerse themselves in a space where the digital and physical worlds converge.

Quint cryptocurrency. (Quint)

Galaxy Racer, which has offices in Los Angeles, hosted the Girl Gamer Festival, the first and only eSports festival dedicated to celebrating female competitiveness in video games, as well as the Galaxy Gamers: Dota 2 Invitational Series Dubai 2022, the largest esports tournament in the MENA region with a total prize pool of AED 1 million ($3.67 million).

The organization also just launched the HER Galaxy program, a series of leagues across North America for female players.

Produced in collaboration with MetaNews.

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