Animoca Sells REVV, Announces Further Plans
After selling its new REVV token, Animoca Brands, a Hong Kong-headquartered publisher of mobile games, announced new games wherein the token can be used, as well plans for their gaming community and collectible platform.
Out of total supply of 3bn, 7.5m of tokens were sold. Their website does not provide any other details about the sale, while previous posts by the company indicated that the token was valued starting at USD 0.00666. REVV is listed on Chilliz and Uniswap.
Yat Siu, CEO at Outblaze and co-founder of Animoca Brands, told Cryptonews.com that "REVV can be used right now for our time trial games and soon also to buy and trade our [non-fungible tokens] NFT and game assets."
F1 Delta Time's announcement stated that, despite certain reports, staking is not available.
Furthermore, "more of our motorsports titles will be used and we December also expect to see collaborations across other well known tokens in this related space," Siu said.
"Outside of SANDBOX we will soon also launch something with MotoGP and we also have plans for GAMEE one of the largest hyper casual gaming communities out there and QUIDD, the biggest digital collectible platform today with brands such as Marvel, Star Trek etc.," the co-founder said.
As the announcement explained, this new product is the main utility token and in-game currency used within Animoca Brands' blockchain games, specifically motorsports games. It will first be utilized in F1 Delta Time, followed by "an upcoming title based on MotoGP intellectual property, and a third title to be announced soon."
Also, Animoca Brands' goal with this, and other products, is furthering the NFT's and blockchain gaming narrative, and with it, adoption from those within and outside the crypto space.
REVV is not the company's first token launch. SAND is already used within The Sandbox, the popular sandbox game for mobile phones, and it was listed on major crypto exchange Binance.