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Auto Legends Secures $1M Investment from Coinbase Ventures

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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 expertise with the aggressive world of drag racing, that includes licensed automobiles 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 seemingly help recreation improvement and the growth of Auto Legends’ ecosystem.

Auto Legends Secures $1M Investment from Coinbase Ventures Supply: Auto Legends

What’s Auto Legends?

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

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

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

Auto Legends Secures $1M Investment from Coinbase Ventures
Auto Legends Secures $1M Investment from Coinbase Ventures Supply: Auto Legends

What’s subsequent for Auto Legends?

The funding follows latest 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 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 belongings for early adopters. Group engagement by its official Discord server can be a precedence, the place updates on improvement and future releases are shared.

With backing from notable traders and trade specialists, the mission is ready to make additional bulletins concerning improvement progress and partnerships within the coming months.



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Tags: AutocoinbaseInvestmentLegendsSecuresVentures
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