Auto Legends

Auto Legends

Web3 drag racing game with authentic car customization.

HQ location
Los Angeles, United States
Launch date
Employees
Enterprise value
$40m
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Valuation: $40.0m

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Auto Legends is a free-to-play, web3 drag racing game developed by Autoverse Studios, a company founded in 2022. The development team is composed of industry veterans from prominent gaming companies like Riot Games, EA, Glu Mobile, Ubisoft, and Scopely. The leadership includes Executive Chairman Justin Choi, founder of Cie Games, known for successful racing titles such as Car Town and Racing Rivals. Peter Pham, another co-founder, serves as the CEO.

The game is designed to provide an authentic car culture experience, allowing players to build, customize, and race cars. It features licensed vehicles from renowned manufacturers like McLaren, Pagani, and Subaru, and parts from brands such as Nitto Tires. Customization is a core element, with options for genuine performance parts, realistic tuning, and cosmetic personalizations. The gameplay is centered around high-stakes, live drag racing, where players can compete for in-game currency, rare parts, or even wager their cars in "pink slip" races. The game is set in a virtual Southern California, aiming to replicate real-world street racing culture.

Auto Legends integrates blockchain technology to offer players true ownership of their in-game digital assets, which can be traded within a player-driven economy. The business model is free-to-play and incorporates web3 functionalities, with plans for an inaugural NFT mint to offer exclusive digital collectibles. The game is being developed for PC, Mac, iOS, and Android platforms and entered a closed beta phase in 2023. Autoverse Studios has secured $9 million in funding from investors including Coinbase Ventures, Draper Dragon, White Star Capital, and Shima Capital.

Keywords: web3 gaming, drag racing game, free-to-play, digital asset ownership, car customization, online multiplayer, player-driven economy, blockchain game, Autoverse Studios, virtual car collecting, NFT, licensed vehicles, e-sports, racing simulation, venture capital

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