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Hockenheimring racetrack joins Animoca Brands’ REVV ecosystem

Blockchain unicorn Animoca Brands mentioned it has signed a licensing deal to incorporate the Hockenheimring Baden-Württemberg racetrack in its REVV Motorsport ecosystem of play-to-earn racing video games.

See associated article: Need for Speed will get Hong Kong’s Animoca in driver’s seat

Fast information

  • Animoca Brands will mint and promote non-fungible tokens (NFTs) that characterize partial possession of the digital Hockenheimring racetrack, in accordance with an organization assertion. 
  • NFT holders can obtain shares of earnings earned from entry charges, sponsorships, and occasions from the digital racetrack. 
  • The REVV Motorsport ecosystem, which is powered by the REVV token, consists of fashionable gaming titles together with REVV Racing, Formula E: High Voltage, and Torque Drift 2, amongst others. 
  • Earlier this yr, Hong Kong-based Animoca Brands raised US$358 million to lift its valuation to US$5 billion. 
  • Animoca is predicted to develop a collection of blockchain-based racing video games after buying French racing sport studio Eden Games in April. 

See associated article: Animoca Brands, Ok-pop company Cube type metaverse three way partnership


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