Galaxy Racer will invest $25M in QUINT’s cryptocurrency ecosystem per the terms of the deal. QUINT’s token will be integrated into the organization’s structure, including its website’s payment system, competitions and events, and the merchandise sector of Galaxy Racer. In addition, the cryptocurrency corporation has become an ecosystem token partner for Galaxy Racer. As part of the agreement, the esports organization’s fanbase and the broader community would receive a “educational content series” on cryptocurrencies and web3.
According to the announcement, Galaxy Racer’s incorporation of the QUINT token would enable the company to utilize its technology and promote “future initiatives and infrastructure development.”
Paul Roy, founder and CEO of Galaxy Racer, said, “We are happy to announce our investment and relationship with QUINT, the innovative token of The Quint Ecosystem. Many cryptocurrency firms, coins, and initiatives have approached us over the years in an effort to cooperate with us as we continue to grow and expand globally.”
“We wanted to invest in and work with a firm with an industry-leading team and technology, which we believe The Quint Ecosystem to be”
This is not the first investment Galaxy Racer has made in a growing space in 2022. In January, the esports organization anticipated a $10m investment into the Malaysian esports sector. In addition, the Galaxy Racer has grown its footprint in Pakistan and North America.
Quint is the first ecosystem to connect the metaverse to the real world, hence increasing adoption and investor interest through the creation of rich real-life applications. Investors are rewarded with real-world benefits such as luxury raffle gifts like as Bored Ape NFTs and limited-edition Hublot Big-Bang timepieces, as well as partial ownership of high-yielding real-world assets, while receiving industry-leading cryptocurrency returns.
In addition to the pools, the QUINT ecosystem consists of an NFT marketplace, a retail store, and a “esports element,” which is anticipated to be strengthened by Galaxy Racer’s agreement.