Los Angeles-based game development studio Autoverse Studios has secured a substantial $8 million investment to propel its social drag racing game, Auto Legends, into the mainstream gaming world.

Led by White Star Capital, with participation from a roster of prominent investors including Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital, and LiquidX, the funding will be instrumental in realising the game’s ambitious vision.

Web 3 represents the next evolution of the internet, where decentralisation, blockchain technology, and user empowerment are key principles.

Autoverse Studios’ recent funding success in the gaming industry is a prime example of how companies are leveraging Web 3 to create innovative and memorable experiences for users.

As we continue to see advancements in this space, the possibilities for new and exciting applications across various industries are endless.

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Auto Legends is more than just a racing game; it’s a thoughtfully crafted virtual automotive universe where players can immerse themselves in the thrill of drag racing, the excitement of car collecting, and the prestige of building a powerful automotive empire.

By seamlessly integrating Web3 technologies, the game offers players unprecedented ownership and control over their in-game assets, creating a dynamic ecosystem where digital possessions hold tangible value.

A cornerstone of Auto Legends is its social element. Players can connect with like-minded enthusiasts, form virtual car clubs, and compete for supremacy on the digital racetrack. The game’s emphasis on community building and player interaction is designed to foster a vibrant and engaging environment.

With a focus on authenticity, Autoverse Studios has secured licenses for over 50 real-world car models and trims, ensuring that players can experience the thrill of driving their dream vehicles.

The game’s progression system rewards players for their dedication, allowing them to unlock high-performance parts, expand their garages, and explore new racing environments.

The infusion of $8 million will enable Autoverse Studios to expand its development team, refine game mechanics, and enhance the overall player experience.

The studio’s ambitious roadmap includes the introduction of new car models, tracks, and game modes, as well as the exploration of additional Web3 features.

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With the additional funding, Autoverse Studios plans to push the boundaries of realism in virtual racing, aiming to provide players with an unparalleled gaming experience. The studio is dedicated to constantly updating and improving the game to keep players engaged and excited about what’s to come.

By combining the excitement of traditional racing games with the innovative potential of Web3, Auto Legends is poised to redefine the genre and attract a diverse audience.

With a strong foundation of experienced developers and a supportive investor ecosystem, Autoverse Studios is well-positioned to become a leading force in the Web3 gaming industry.