Blockchain unicorn Animoca Brands said it has signed a licensing deal to include the Hockenheimring Baden-Württemberg racetrack in its REVV Motorsport ecosystem of play-to-earn racing games.
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Fast facts
- Animoca Brands will mint and sell non-fungible tokens (NFTs) that represent partial ownership of the virtual Hockenheimring racetrack, according to a company statement.
- NFT holders can receive shares of profits earned from entry fees, sponsorships, and events from the virtual racetrack.
- The REVV Motorsport ecosystem, which is powered by the REVV token, consists of popular gaming titles including REVV Racing, Formula E: High Voltage, and Torque Drift 2, among others.
- Earlier this year, Hong Kong-based Animoca Brands raised US$358 million to raise its valuation to US$5 billion.
- Animoca is expected to develop a series of blockchain-based racing games after acquiring French racing game studio Eden Games in April.
See related article: Animoca Brands, K-pop agency Cube form metaverse joint venture
