Cryptocurrency

Galaxy Racer invests US$25 million in revolutionary cryptocurrency ecosystem, QUINT

Published

2 years ago

May 30, 2022

Galaxy Racer invests US$25 million in revolutionary cryptocurrency ecosystem, QUINT

Reading Time: 3 minutes

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

The esports industry has recently seen a considerable rise in cryptocurrency partnerships, the majority of which only include category exclusivity, branded segments, and media placements. In an industry first, Galaxy Racer’s pioneering investment in QUINT will see the token incorporated into the esports and lifestyle organisation’s existing ecosystem by utilising its technology to support future initiatives and infrastructure development. The partnership will also see Galaxy Racer amplify and support QUINT in furthering its cryptocurrency ecosystem.

Galaxy Racer will integrate QUINT into its website’s payment system and explore ways the token can be used across the organisation’s esports tournaments, events and merchandising divisions. Looking ahead, the companies will work together to create an educational content series for Galaxy Racer’s global fanbase and the wider esports community around cryptocurrency and web3.

Quint is the first of its kind ecosystem that bridges the metaverse with the real world, developing a real-world utility to accelerate adoption and investor uptake. Investors are rewarded with real-world benefits through innovative super-staking pools that offer in-life perks, luxury raffle awards including Bored Ape NFTs and limited-edition Hublot Big Bang timepieces, and fractional ownership of high-yield real-world assets — along with class-leading crypto returns accelerated through built-in auto-compounding.

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 & Managing Partner Rahul Chaudhary is the Managing Director of CG Corp Global, Nepal’s only multi-billion-dollar multinational conglomerate comprising over 160 companies and 123 brands in over 35 countries. The Chief Operating Officer of Etihad Aviation, Mohammed Al Bulooki, has recently joined as the Chairman of Quint’s Board of Directors.

Apart from super-staking pools, the Quint ecosystem comprises a Boutique NFT Marketplace that connects creators with collectors, a Merchandise Shop for Quint-branded apparel and accessories, and an esports element accelerated by the GXR partnership. $Quint, the BSC token underpinning the ecosystem, will also be bridging onto other networks like ETH, FTM, Solana and Avalanche in the near future.

Founded in 2019, Galaxy Racer has five separate business offerings; content creators, esports teams, tournament management, merchandising, lifestyle and its own record label, GXR Records. The organisation has an existing global footprint of over 500+ million followers worldwide, and more than 100+ content creators generating over 2.5 billion monthly views.

Founder and CEO of Galaxy Racer, Paul Roy commented: “We are thrilled to announce our investment and partnership with The Quint Ecosystem’s revolutionary token, QUINT. For years we have been approached by many cryptocurrency companies, coins and projects all hoping to partner with us as we continue to grow and expand globally. However, it was our main priority to make sure we took our time to study the ecosystem to ensure we partnered with the best project for our community and investors. We wanted to invest and partner with a company that had an industry-leading team and technology behind them – which we strongly believe is The Quint Ecosystem.

“The opportunity to offer our global fanbase to learn about the cryptocurrency ecosystem and interact with the technology in a way that has never been done before within the esports industry, is something we are very excited about. We look forward to sharing some exciting announcements soon!”

The Quint Ecosystem CEO & Managing Partner, Rahul Chaudhary comments: “Quint is thrilled to partner with Transmedia powerhouse and Middle Eastern esports pioneer Galaxy Racer. Our entire roadmap is predicated on linking the virtual and real worlds while creating value for diverse communities, including the global esports audience. Since launch, the QUINT token has posted exceptional returns powered by real-world conviction from investors, global community interest and uptake, rigorous audits, full transparency, and a utility framework bolstered by exceptional partnerships, including the one with transmedia powerhouse GXR. We look forward to this partnership creating incredible value for both parties, and our global communities.”

Related Topics:Galaxy Racer QUINT The Quint Ecosystem

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Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

3 days ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes