Auto Legends Secures $1M Investment from Coinbase Ventures

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.

What is Auto Legends?

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.

What’s next for Auto Legends?

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.