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Auto Legends Secures $1M Investment from Coinbase Ventures

12 March 2025
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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 autos and customization choices. With the gaming business more and more exploring blockchain integration, this funding highlights the rising curiosity in web3 gaming.

The brand new funds will probably assist 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 enables gamers to personal and commerce digital belongings.

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

The sport is at present in closed beta and is on the market for sign-up via the Epic Video games Retailer for Home windows and Mac. A cell model can also 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 business 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 via its official Discord server can also be a precedence, the place updates on improvement and future releases are shared.

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



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Tags: AutoCoinbaseinvestmentLegendsSecuresVentures
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