Auto Legends Secures $1M Investment from Coinbase Ventures

Autoverse Studios, the developer of the upcoming web3 drag racing recreation Auto Legends, has secured a $1 million funding from Coinbase Ventures, including to the corporate’s beforehand raised $8 million.

Auto Legends is designed to mix blockchain know-how with the aggressive world of drag racing, that includes licensed autos and customization choices. With the gaming trade more and more exploring blockchain integration, this funding highlights the rising curiosity in web3 gaming.

The brand new funds will doubtless assist recreation growth and the enlargement of Auto Legends’ ecosystem.

What’s Auto Legends?

Auto Legends is a blockchain-based drag racing recreation that permits gamers to personal and commerce digital property.

The sport options licensed autos from producers akin to McLaren, Mitsubishi, Honda, and Mazda, providing an expertise tailor-made to automotive fanatics. Gamers begin with a primary automotive and compete in drag races, modifying their autos utilizing licensed components and tuning choices to enhance efficiency.

The sport is at the moment in closed beta and is out there for sign-up by way of the Epic Video games Retailer for Home windows and Mac. A cell model can also be in growth, with plans for a broader launch later within the 12 months.

What’s subsequent for Auto Legends?

The funding follows current hiring efforts by Autoverse Studios, together with the addition of veteran recreation developer Scott Probin. His in depth expertise within the trade suggests a push in the direction of making Auto Legends extra accessible to conventional gaming audiences.

As well as, Auto Legends is anticipated to proceed refining its gameplay and increasing its participant base. The corporate has introduced plans for its first NFT mint on Magic Eden, providing unique in-game property for early adopters. Group engagement by way of its official Discord server can also be a precedence, the place updates on growth and future releases are shared.

With backing from notable traders and trade consultants, the mission is ready to make additional bulletins relating to growth progress and partnerships within the coming months.