The Hockenheimring racetrack in Baden-Württemberg has been licensed by Animoca Brands for inclusion in its REVV Motorsport ecosystem of play-to-earn racing games.
According to a corporate release, Animoca Brands will create and sell non-fungible tokens (NFTs) that represent partial ownership of the virtual Hockenheimring racetrack.
NFT holders can receive a portion of the virtual racetrack’s income through entry fees, sponsorships, and events.
Popular gaming games including as REVV Racing, Formula E: High Voltage, and Torque Drift 2 are part of the REVV Motorsport ecosystem, which is powered by the REVV token.
Animoca Brands, based in Hong Kong, raised $358 million earlier this year to lift its valuation to $5 billion.
After acquiring French racing game studio Eden Games in April, Animoca is anticipated to produce a series of blockchain-based racing games.
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