Monday, May 11, 2026

Auto Legends Secures $1M Funding from Coinbase Ventures

Autoverse Studios, the developer of the upcoming web3 drag racing recreation Auto Legends, has secured a $1 million funding from Coinbase Ventures, including to the corporate’s beforehand raised $8 million.

Auto Legends is designed to mix blockchain know-how with the aggressive world of drag racing, that includes licensed autos and customization choices. With the gaming trade more and more exploring blockchain integration, this funding highlights the rising curiosity in web3 gaming.

The brand new funds will seemingly help recreation growth and the growth of Auto Legends’ ecosystem.

Auto Legends Secures $1M Investment from Coinbase Ventures
Supply: Auto Legends

What’s Auto Legends?

Auto Legends is a blockchain-based drag racing recreation that enables gamers to personal and commerce digital property.

The sport options licensed autos from producers equivalent to McLaren, Mitsubishi, Honda, and Mazda, providing an expertise tailor-made to automobile fanatics. Gamers begin with a fundamental automobile and compete in drag races, modifying their autos utilizing licensed components and tuning choices to enhance efficiency.

The sport is at present in closed beta and is accessible for sign-up via the Epic Video games Retailer for Home windows and Mac. A cellular model can also be in growth, with plans for a broader launch later within the yr.

Auto Legends Secures $1M Investment from Coinbase Ventures
Supply: Auto Legends

What’s subsequent for Auto Legends?

The funding follows current hiring efforts by Autoverse Studios, together with the addition of veteran recreation developer Scott Probin. His intensive expertise within the trade suggests a push in direction of making Auto Legends extra accessible to conventional gaming audiences.

As well as, Auto Legends is anticipated to proceed refining its gameplay and increasing its participant base. The corporate has introduced plans for its first NFT mint on Magic Eden, providing unique in-game property for early adopters. Group engagement via its official Discord server can also be a precedence, the place updates on growth and future releases are shared.

With backing from notable traders and trade consultants, the challenge is ready to make additional bulletins relating to growth progress and partnerships within the coming months.

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