Galaxy Racer, UAE transmedia company, invests $25m to partner with crypto ecosystem Quint

Galaxy Racer, UAE transmedia company, invests $25m to partner with crypto ecosystem Quint 

By: Abu Dhabi SME Hub
News

The investment makes Galaxy Racer the first e-sports and lifestyle organisation to invest a significant sum into a cryptocurrency ecosystem.

Galaxy Racer (GXR), a transmedia company focused on e-sports, content creators, music, and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s token, QUINT. Galaxy Racer invested $25 million into QUINT, making it the first e-sports and lifestyle organisation to invest a significant sum into a cryptocurrency ecosystem. The partnership will also see Quint become GXR’s ‘Native Ecosystem Token Partner.'

The e-sports industry has seen a considerable rise in cryptocurrency partnerships, where the majority only include category exclusivity, branded segments, and media placements. In an industry-first, Galaxy Racer will integrate $QUINT into its website’s payment system and explore ways the token can be used across the organisation’s numerous divisions.

Quint is the first ecosystem to bridge the metaverse with the real world, creating a real-world utility to boost adoption and investment interest. Investors are rewarded with real-world benefits such as luxury raffle gifts like Bored Ape NFTs and limited-edition Hublot Big-Bang timepieces, as well as fractional ownership of high-yield real-world assets – all while earning class-leading crypto returns.

Commissioned by a team of investors who wanted to overcome the limitations of traditional crypto ventures while furthering the mass-adoption aims of the UAE Blockchain Strategy 2050, Quint is headed by industry veteran entrepreneurs, businesspeople, and investors. Quint’s CEO Rahul, is the Managing Director of CG Corp Global, Nepal’s multi-billion-dollar multinational conglomerate. The COO of Etihad Aviation, Mohammed Al Bulooki, recently joined as the Chairman of Quint’s Board of Directors.

The Quint ecosystem comprises a Boutique NFT Marketplace that connects creators with collectors, a Merchandise Shop for Quint-branded apparel, accessories, and an e-sports element accelerated by the GXR partnership. $Quint, the BSC token anchoring the ecosystem, will be bridging onto other networks like ETH, FTM, SOL and AVAX.

Galaxy Racer has five separate business offerings; content creators, e-sports teams, tournament management, merchandising, lifestyle, and its own record label, with over 500M+ followers worldwide, and over 100+ content creators generating over 2.5 billion monthly views. Boasting some of the top content creators with a 600M global reach, GXR is home to YouTube sensations Noor Stars, Naji and Ahmad Aburob.

Galaxy Racer expanded into North America with its new headquarters in Los Angeles, cementing its status as one of the largest names in e-sports, gaming, lifestyle, and music worldwide. The Girl Gamer Festival, the first and only e-sports festival dedicated to celebrating women’s competitiveness in video games, and GAMERS GALAXY: Dota 2 Invitational Series Dubai 2022, the largest e-sports tournament in the MENA region with a 1M AED prize pool, have both been hosted by the organization. The organization just unveiled its HER Galaxy program, a championship series for women-identified gamers in North America.

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