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Auto Legends Secures $1M Funding from Coinbase Ventures

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Autoverse Studios, the developer of the upcoming web3 drag racing sport 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 doubtless help sport growth and the enlargement of Auto Legends’ ecosystem.

Supply: Auto Legends

What’s Auto Legends?

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

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

The sport is presently in closed beta and is obtainable for sign-up by the Epic Video games Retailer for Home windows and Mac. A cellular model can also be in growth, with plans for a broader launch later within the yr.

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 sport 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 predicted 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 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 specialists, the venture is ready to make additional bulletins concerning growth progress and partnerships within the coming months.

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