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Autoverse Studios raises $8M for Auto Legends drag-racing Web3 game
Autoverse Studios has raised $8 million to develop its social drag racing game Auto Legends. From the folks who created Racing Rivals.
The money will be used to complete the building of Auto Legends, with the aim of being the first game that brings Web3 mechanics of ownership and trade to the large global audience of traditional free-to-play gamers. “When we started Autoverse Studios, we wanted to not only evolve the straight-line racing category, but also revolutionize the games industry as a whole with new social gameplay mechanics, creator support, and enabling players to own and trade their in-game assets,” Pham said. With the initial play environment set in Southern California, players race in various formats earning XP (PVE), fan following (PVP), cash, leaderboard status, and rare car parts.
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