Galaxy Racer, a leader in the esports industry, with a focus on music, sports, and content creators, has made a $25 million investment in the Quint Crypto ecosystem. According to a May 30, 2022 announcement, Galaxy Racer will invest $25 million in QUINT, the Quint ecosystems flagship cryptocurrency.
Why This Investment Matters
The investment is a historical milestone in the esports sector. It marks the first time an esports powerhouse has made a significant investment in a crypto ecosystem. Previously, brands in the esports world have used their crypto involvement to raise funds. The investment marks the beginning of a partnership between Galaxy Racer and Quint. In the partnership, Quint will be Galaxy Racer’s Native Ecosystem Token Partner.
In this partnership, the QUINT token will be incorporated into Galaxy Racer’s ecosystem. Additionally, Galaxy Racer will amplify and support QUINT to develop its crypto ecosystem. QUINT tokens will be integrated into the Galaxy Racer payment system on its site. Besides that, new use cases for the QUINT token across the Galaxy Racer ecosystem will be investigated. Both of the companies will also work together to create educational content targeted at Galaxy Racer’s international fanbase, and the entire esports community. This content will focus on crypto and Web3 topics.
A Closer Look at Quint
Quint is a unique ecosystem designed as a bridge between the real world and the Metaverse. It aims to develop a real-world utility for the Metaverse, which will accelerate investor uptake and mass adoption. Investors receive real-world benefits via an innovative staking pool model, which offers real-world perks, luxury ruffles such as Bored Ape NFTs, and rare Hublot Big Bang pieces. Additionally, investors will receive fractional ownership in high-yield real-world assets.
A team of investors whose aim was to overcome the limitations of the existing crypto projects while promoting mass adoption created Quint. Besides its innovative staking pools, Quint comprises a Boutique NFT Marketplace where creators and collectors can trade NFTs. There is also a merchandise shop for Quint-branded apparel, and an esports element via the GXR partnership. The $QUINT tokens, which run on the Binance smart Chain, will bridge onto other blockchains such as FTM, ETH, Avalanche, and Solana in the future.
What is Galaxy Racer?
Galaxy Racer is a company founded in 2019. It focuses on content creators, esports teams, merchandising, tournament management lifestyles, and GXR Records, an in-house record label. The organization has a massive global following of over 500 million people around the world. It also has over 100 content creators that generate over 2.5 billion monthly views. It is home to leading content creators such as Noor Stars, Ahmad Aburod, and Naji. With a solid reputation as one of the leading names in esports in Asia, Europe, the Middle East, and North Africa, Galaxy Racer has recently been making moves in North America from its base in LA.
Summary
The partnership will be greatly beneficial to both companies. For Galaxy Racer, it represents a culmination of years of effort to find a partner with whom to team up in the crypto world. On the other hand, it represents a major milestone in the Quint ecosystem development, which aims to link the real world with the digital world.
