Animoca Brands to launch REVV utility tokens for motorsports games
2 September 2020: Animoca Brands Corporation Limited (“Animoca Brands” or the “Company”) is pleased to advise that it will launch its REVV token on Uniswap, the automated liquidity protocol for exchanging ERC-20 tokens on the Ethereum blockchain. REVV is the main utility token and in-game currency of the branded motorsports games produced by Animoca Brands, including F1® Delta Time, an upcoming title based on MotoGP™ intellectual property, and a third title to be announced soon (collectively, the “Motorsport Games”).
REVV will be available for trade on Uniswap starting on 4 September 2020, at 8 pm (UTC +8). At that time, the public will have the opportunity to purchase and sell REVV by using the Uniswap app, which can be launched from the Uniswap website at https://uniswap.org or from the REVV website at https://revvmotorsport.com. REVV tokens will be paired with ether (ETH) on the Uniswap platform.
REVV: the token for motorsports games
REVV is the ERC-20 utility token that serves as the primary currency in certain blockchain games developed and published by Animoca Brands. These games include F1® Delta Time (aspects of which are currently available in beta stage), an upcoming blockchain game based on MotoGP (initial features releasing in Q4 2020), and a third blockchain game based on a global racing franchise that will be announced soon.
REVV is designed to leverage the blockchain assets concept of interoperability, wherein a token can be utilised across multiple products. The Motorsport Games will be connected by a shared economy made possible by the REVV token, which is designed to be the currency of purchase, utility, and action for multiple game titles.
Having REVV as the utility token serving multiple games will offer various benefits to players, and will encourage exploration of the other games that are part of this connected ecosystem. Additionally, in-game content and REVV tokens have the potential to increase in value as the REVV token ecosystem expands through the growth of its connected games.
Whereas REVV is a fungible token (a type of cryptographic token that is non-unique and mutually interchangeable with others of its kind), the game content within the Motorsport Games is primarily provided in the form of non-fungible tokens (NFTs), which are a special type of cryptographic token representing pieces of digital content that are unique. For example, in F1® Delta Time most critical game content is comprised of NFTs, including Cars, Drivers, and even Tracks.
REVV: powering true digital ownership and in-game dividends
The NFTs in Animoca Brands’ Motosport Games will be ownable by players. In traditional games, a publisher grants players certain limited licenses to utilise the game and the assets therein, which the players do not truly own regardless of the time and money they invested. However, by utilizing blockchain and NFTs, Animoca Brands will offer true digital ownership of game assets to the players of the Motorsport Games, who will enjoy full ownership and control over their in-game assets and in-game currency.
REVV will also power other innovative features not previously seen in games based on motorsports intellectual properties. For example, Animoca Brands’ Motorsport Games will allow players to earn REVV through gameplay (play-to-earn), earn a dividend of REVV for NFTs that they own (NFT staking, as well as ownership of race tracks), and stake their REVV for the opportunity to receive NFTs (REVV staking).
The REVV Smart Contract was fully audited by CertiK Foundation, a technology-led blockchain security company founded by computer science professors from Yale University and Columbia University established to prove the security and correctness of smart contracts and blockchain protocols. CertiK Foundation rated the REVV and ERC Base Dependency Contracts a “very high confidence” security level. The final Certik report is available here.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.