REVV is the utility token for Animoca Brands’ blockchain-based motorsport games, facilitating in-game purchases and rewards.

The gaming industry is evolving with the integration of blockchain technology, heralding a new era of play-to-earn models. These innovative games entertain and offer real economic incentives to players by rewarding them with unique digital assets and currencies. By utilizing their own tokens, these gaming platforms create vibrant, self-sustaining ecosystems where players are motivated to engage more deeply and frequently. These tokens can be used for in-game transactions, trading, and unlocking exclusive content, amplifying the gaming experience. REVV, the digital currency for motorsport games, is one token leading this transformative wave.

What is REVV (REVV)?

REVV, introduced by Animoca Brands, entered the blockchain scene with its first token sale in September 2020. This introduction was closely followed by the launch of the F1 Delta Time game in December of the same year, marking the beginning of its integration into Animoca’s expansive gaming portfolio. Over the following year, REVV expanded its presence in the motorsport gaming sector with integrations into MotoGP Ignition in March 2021 and REVV Racing in August 2021.

The creation and development of REVV is credited to Animoca Brands, a company established in 2014 by Yat Siu, a well-known entrepreneur with roots in Vienna, Austria. Siu’s previous experience at Atari and as the CEO of Outblaze laid the groundwork for what would become a significant player in the blockchain and gaming industries. Robby Yung, the CEO, brings extensive experience from the media and gaming sectors, enhancing the strategic direction of Animoca Brands.

In 2019, Animoca launched REVV Motorsport, envisioning it as the cornerstone of a new digital ecosystem called Motorverse. This initiative aims to centralize the value of motorsport brands and consumers around the REVV token, enhancing digital vehicle ownership and community interactions within a unified digital arena. Slated for full operational status in 2024, the Motorverse is set to revolutionize the digital interaction landscape in motorsport through collaborations with global motorsport brands, car manufacturers, and industry figures.

Underpinning the strategic expansion and ecosystem development are seasoned professionals from Animoca Brands and the broader gaming industry. These include figures like Will Griffiths, David Nadal, Arran Potter, and Graeme Warring, who bring decades of experience in gaming, strategy, and web3 technologies. As REVV grows, it supports a broader vision of digital property rights and open metaverse contributions, ensuring a robust future for digital motorsports.

How Does The Motorverse Work?

The Motorverse, pioneered by Animoca Brands, represents a revolutionary step in the digitalization of motorsport culture. It is an ecosystem designed to unite various aspects of vehicle enthusiasm, from collecting digital vehicles to participating in diverse and interactive gaming experiences. This dynamic platform allows enthusiasts to engage with digital versions of cars from top automotive brands, enhancing the interactivity and engagement of traditional motorsport fandom.

At the core of the Motorverse is the REVV token, serving as both a utility and governance token integral to the facilitation and operation within the ecosystem. Introduced in 2020, the REVV token has rapidly become the backbone of the Motorverse, allowing users to purchase, trade, and operate digital vehicles across various games and experiences. The Motorverse is not just about playing games but about creating a comprehensive digital lifestyle around motorsports.

The ecosystem boasts a range of games and experiences such as REVV Racing, MotoGP™ Ignition, and Formula E - High Voltage, each offering unique engagements with digital vehicles. These platforms allow users to manage teams, compete in races, and even participate in vehicle tuning and customization, all within the digital domain. The Motorverse also includes Torque Drift 2 and Torque Squad, which extend the digital experience to street racing and drifting cultures.

The infrastructure of the Motorverse is designed to ensure seamless interoperability between different games and digital experiences. This is achieved through standardized licensing and metadata protocols developed in collaboration with vehicle manufacturers. These standards are crucial for maintaining a consistent and interoperable experience across different platforms within the Motorverse.

To support the growing ecosystem, the Motorverse Hub is a central platform where users can manage their digital assets, explore new games, and connect with other enthusiasts. This hub is crucial for maintaining the connectivity and accessibility of the Motorverse, ensuring that all digital assets and experiences are easily accessible to users worldwide.

The Motorverse represents a significant innovation in digital vehicle culture, leveraging blockchain technology to create a decentralized platform for motorsport enthusiasts. As it continues to evolve, the Motorverse is set to redefine the boundaries of digital ownership and gaming in motorsports, making it an important development in Web3 and digital entertainment.

Source: motorverse.com

Motorverse Games and the Motorverse Ecosystem

The Motorverse hosts a variety of live games that blend the excitement of motorsports with the innovation of blockchain technology. These games provide a comprehensive and engaging experience for players and motorsport fans, highlighting competition and collectibility.

REVV Racing: A browser-based arcade-simulation racing game where players compete in daily leaderboard events. Players earn SHRD tokens for every mile driven, contributing to a dynamic in-game economy. An upcoming overhaul in 2024 promises to enhance this foundational web3 gaming experience further. The game’s accessibility from web browsers makes it easy for a wide audience to participate.

MotoGP™ Ignition Champions: A simulated prediction game that allows fans to collect and compete with trading cards and video moments known as Hot Shots. This browser-based game integrates official MotoGP licenses, adding a layer of authenticity and depth, and it draws on the adrenaline of motorsport competitions, making each decision impactful.

MotoGP™ Ignition Manager: In this detailed managerial simulation, players use NFTs to manage MotoGP teams and strategize to win the championship. It combines the thrill of racing with the nuances of team management, enhancing engagement through strategic decision-making and real-time race tactics.

Formula E - High Voltage: Players manage a Formula E racing team in this strategic management game available on the Flow blockchain. It combines real-world motorsport strategy with digital collectibility and provides a unique blend of technology and sports management in a browser-based format.

Torque Drift 2: This drifting game on the Epic Games Store leverages NFT technology for cars and parts, enhancing the drift and street culture experience within a vibrant community. It offers players a deep immersion into car customization and drifting techniques, promoting a real sense of ownership and competition.

Torque Squad: An NFT collection providing exclusive club membership benefits within the Motorverse, enhancing player engagement and community interaction. Members of the Torque Squad gain unique access to events and content, making it more than just a game but a gateway into the motorsport digital culture.

MotoGP™ Championship Quest: A mobile racing simulator on the Solana blockchain that delivers high-speed racing action, allowing players to compete globally as their favorite riders. The game combines the excitement of live races with the strategy of motorsport management, appealing to both racing fans and strategy gamers.

Together, these games demonstrate the potential for integrating NFTs and blockchain technology into mainstream gaming, pushing the boundaries of how digital motorsports can evolve.

Source: motorverse.com

What is the REVV Coin?

REVV is the primary utility and governance token for Animoca Brands’ Motorverse. Its total supply is 3 billion units, of which 1.19 billion are already in circulation (May 2024).

The REVV Coin, launched as an ERC-20 token on the Ethereum blockchain, has expanded its availability across Binance Smart Chain, Polygon, and Flow, establishing itself as a multi-chain asset. With a fixed total supply of 3 billion tokens, its distribution and reintroduction into the economy are carefully managed by a central treasury. Unlike many digital assets, REVV is not burnable; instead, tokens used in gameplay and for NFT purchases are locked for 12 months before they can re-enter the economic cycle, ensuring a controlled supply circulation.

The allocation of REVV tokens is strategically planned to support the growth and development of the Motorverse, Animoca Brands’ expansive ecosystem centered on digital motorsports. Here’s how the token distribution is structured:

• Liquidity: 350 million tokens, ensuring smooth trading across exchanges.
• Development Partner Incentives: 700 million tokens, aimed at compensating studios and developers contributing to the Motorverse.
• Ecosystem Incentives: 1.55 billion tokens, designated for new games and ecosystem participants, enhancing engagement through player and influencer incentives.
• Team/Advisor: 200 million tokens, supporting the core contributors with vested interests aligned with the project’s success.
• Launch Partner: 200 million tokens, shared with key launch collaborators.

Token emission follows a vesting schedule that varies by stakeholder group, emphasizing a commitment to long-term development and partnership. Internal partners experience a 12-month cliff followed by a 24-month vesting period, while external ecosystem partners and team members have tailored vesting schedules to align incentives across the Motorverse.

REVV stands out in the digital asset space by providing real-world value beyond in-game uses. Players own their in-game assets, safeguarded against loss from potential game server shutdowns. This ownership extends to the ability to trade assets on open markets, use them in compatible games, and benefit from true digital ownership, reflecting Animoca Brands’ vision of a blockchain-powered digital vehicle culture.

Source: motorverse.com

REVV Use Cases

REVV serves as the foundational currency across various digital motorsport games and experiences. Designed to underpin the vibrant Motorverse, REVV aims to transform digital vehicle culture by providing diverse and substantial use cases:

• Unlocking Access: $REVV holders can stake their tokens in the REVV LAUNCHPOOL to gain exclusive access to unique items, new token releases, and immersive experiences within the Motorverse.
• Purchasing Assets and Experiences: As the principal currency within the Motorverse, $REVV is utilized to buy digital vehicles, parts, and tracks. It also facilitates the creation of NFTs and access to varied game experiences.
• Governance Participation: Token holders can use $REVV to vote on key governance decisions that shape the future and development of the Motorverse, enhancing community-driven management.
• Ecosystem Incentives: $REVV rewards various participants for their contributions to the ecosystem, such as developers, players, and marketers, aligning interests and encouraging active involvement.
• Funding New Developments: The Motorverse treasury uses $REVV to finance innovative games and experiences that expand the ecosystem, with token allocations governed by milestone-based vesting.

In summary, $REVV is not just a medium of exchange but a gateway to a decentralized, digital motorsport scenario. As the ecosystem expands, $REVV’s utility and applications are expected to grow, offering stakeholders numerous opportunities to engage with and benefit from the evolving landscape of web3 motorsports.

Is REVV a Good Investment?

Play-to-earn models are anticipated to be a significant trend in gaming, and REVV is positioned to capitalize on this movement. REVV’s future appears promising, contingent on continued development and integration within its projects. The token’s integration across diverse motorsport games and its central role in the Motorverse ecosystem could enhance its utility and demand. However, the investment potential of REVV will largely depend on the steady progression of these initiatives and their ability to attract and maintain a dedicated user base in the competitive gaming market.

How to Own REVV?

To own REVV, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy REVV.

News on REVV

According to what was announced in March 2024, the Motorverse, under Animoca Brands, has launched a thrilling collaboration with Arc8. This partnership introduces Beast-gated Neon Racer tournaments, promising intense racing action and significant rewards. Participants can compete for a share of the daily 55,000 REVV token prize pool, totaling 220,000 REVV across the event. The Motorverse, powered by REVV tokens, represents a unified platform for all Animoca Brands racing games, enhancing the play experience with strategic competitions and valuable stakes for players globally.

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