PANews reported on March 13 that according to NFT Plazas, Autoverse Studios, the developer of the Web3 racing game Auto Legends, has received a $1 million investment from Coinbase Ventures. The company has previously raised $8 million . The new funds may be used to support game development and the expansion of the Auto Legends ecosystem.

According to reports, Auto Legends is a blockchain-based drag racing game where players can own and trade digital assets. The game contains licensed vehicles from manufacturers such as McLaren, Mitsubishi, Honda and Mazda, providing a tailor-made experience for car enthusiasts. The game is currently in closed beta and can be registered through the Epic Games Store for Windows and Mac. A mobile version is also under development and is scheduled to be fully released later this year.