PANews reported on August 14 that according to Venturebeat, Web3 game development studio Autoverse Studios announced the completion of US$8 million in financing, led by White Star Capital, with participation from Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital and LiquidX, as well as automotive industry celebrities such as Horacio Pagani, Miller Motorcars, and gaming industry veterans such as former Glu Mobile CEO Niccolo De Masi and Ludia Games founder and former CEO Alex Thabet. The new funds will be used to develop its social racing Web3 game Auto Legends, which aims to build a game that brings Web3 ownership and trading mechanisms to traditional players and attract more Web2 users.

According to reports, Autoverse Studios is an innovative PC and mobile game developer and publisher. Autoverse was founded in 2022 and is headquartered near Los Angeles, California. Auto Legends will be a free game that supports PC, Mac, iOS, and Android platforms. But if players want more depth, they can choose to take advantage of Web3 features. The game is now available on PC and Mac in the closed alpha test environment of the Epic Games Store.