Auto Legends, a social drag racing Web3 sport, has added $1 million in a strategic funding from Coinbase Ventures’ Base Ecosystem Fund to its present $8 million spherical.
Different buyers within the discovered embody Working Group, and Draper Dragon.
Auto Legends goals to seize the real-life automotive fanatic journey the place a number of paths can be found to changing into an automotive legend, from racing, amassing, workforce possession, internet hosting tournaments, offering tuning providers, constructing and promoting elements, operating automotive dealerships, and extra.
The Web3 drag racing sport additionally introduced its inaugural non-fungible token (NFT) mint, granting early supporters unique in-game rewards.
This new funding is an element of a bigger $9 million fundraising spherical, additional fueling Auto Legends’ mission to ship a high-stakes racing expertise that captures the depth and fervour of automotive tradition.
With a workforce of business veterans from prime gaming studios and a legacy of making hit racing franchises which have attracted over 65 million gamers, Auto Legends is poised to redefine Web3 gaming with a triple-A-quality expertise. This infusion of capital not solely accelerates improvement but additionally reinforces institutional confidence in Auto Legends’ long-term imaginative and prescient and its capability to bridge the hole between conventional racing video games and blockchain-powered possession.
“We’re proud to be supporting a workforce which has persistently delivered world class racing video games to seize the creativeness of web3 gaming, and excited for Auto Legends to speed up its attain on Base.” mentioned Shan Aggarwal, VP of Company and Enterprise Growth Ventures at Coinbase, in a press release.
As a part of its continued development, Auto Legends has onboarded Scott Probin, a gaming business veteran with over 35 years of expertise in triple-A sport manufacturing, who will play a key position in refining gameplay, onboarding Web2 gamers, and strengthening the sport’s player-owned financial system.
Probin most lately labored on Off The Grid, a high-profile Web3 shooter, and has in depth expertise engaged on world famend sport and racing titles, together with Want for Velocity Underground, Want for Velocity Scorching Pursuit 2, John Madden Soccer, and For Honor.
“Scott’s many years of expertise in AAA sport improvement, mixed together with his lifelong ardour for automobiles and racing video games, will assist us create an genuine expertise that actually resonates with racing followers and automotive fans,” mentioned Peter Pham, CEO of Auto Legends, in a press release. “We’re constructing a singular sport that’s accessible, aggressive, and rewarding for all gamers– each Web2 and Web3.”
The backstory
Autoverse Studios is led by govt chairman and former Cie Video games founder (Automotive City, Racing Rivals), Justin Alternative, who introduced collectively his ex-teammates for a run at making one other nice cell racing franchise.
The cofounders have reassembled a gifted workforce from Cie Video games, Glu Cell, Riot Video games, Xbox, EA, Ubisoft, and Scopely — with a powerful pedigree for making racing video games. Cie Video games’ earlier video games — Nitto 1320 Legends, Automotive City, and Racing Rivals — collectively reached 140 million gamers and have been the No. 1 auto video games on their respective platforms.
Supporting Auto Legends as probably the most social, genuine, and aggressive automobile possession expertise are the sport’s mechanics in giving gamers the chance to purchase automobiles which are restricted in ratio to their real-life manufacturing portions, tuning them with life like aftermarket elements, exhibiting off their custom-made rides in social meet-ups, going head-to-head, racing in opposition to different gamers for standing and prize cash, and even risking the automobiles themselves in high-stakes “pink slip” races.
With the preliminary play surroundings set in Southern California, gamers race in numerous codecs incomes XP (PVE), fan following (PVP), money, leaderboard standing, and uncommon automotive elements.
As gamers progress, they unlock higher efficiency retailers, garages to carry their automotive assortment, new areas, environments, and gameplay components. Rising in rank, gamers improve their automotive with higher elements and add new automobiles to their storage assortment.
Beta entry and inaugural NFT mint
Alongside the brand new funding, Auto Legends is getting ready for its first ever NFT mint, giving early supporters an opportunity to personal unique in-game automobiles forward of launch. The mint will introduce limited-edition digital collectibles that gamers can use within the sport’s aggressive ecosystem.
