Autoverse Studios, the developer of the upcoming web3 drag racing game Auto Legends, has secured a $1 million investment from Coinbase Ventures, adding to the company’s previously raised $8 million. Auto Legends is designed to combine blockchain technology with the competitive world of drag racing, featuring licensed vehicles and customization options. With the gaming industry increasingly exploring blockchain integration, this investment highlights the growing interest in web3 gaming. The new funds will likely support game development and the expansion of Auto Legends’ ecosystem.
Auto Legends is a blockchain-based drag racing game that allows players to own and trade digital assets. The game features licensed vehicles from manufacturers such as McLaren, Mitsubishi, Honda, and Mazda, offering an experience tailored to car enthusiasts. Players start with a basic car and compete in drag races, modifying their vehicles using licensed parts and tuning options to improve performance.
The game is currently in closed beta and is available for sign-up through the Epic Games Store for Windows and Mac. A mobile version is also in development, with plans for a broader release later in the year. The investment follows recent hiring efforts by Autoverse Studios, including the addition of veteran game developer Scott Probin. His extensive experience in the industry suggests a push towards making Auto Legends more accessible to traditional gaming audiences.
In addition, Auto Legends is expected to continue refining its gameplay and expanding its player base. The company has announced plans for its first NFT mint on Magic Eden, offering exclusive in-game assets for early adopters. Community engagement through its official Discord server is also a priority, where updates on development and future releases are shared. With backing from notable investors and industry experts, the project is set to make further announcements regarding development progress and partnerships in the coming months.
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…