Explained: REVV Token

REVV Token

Powering motorsport on the blockchain

REVV is a utility token for the entire REVV Motorsport ecosystem, which includes products like F1 Delta Time, Formule E: High Voltage, MotoGP and more. REVV exists on various blockchains, including Ethereum, BSC and Polygon.

Animoca Brands are attempting to become a leader in blockchain gamification by developing and publishing a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing intellectual properties such as Formula 1, Marvel, Power Rangers, and MotoGP. They have bundled their racing game products under the REVV Motorsport umbrella.

The entire REVV Motorsport ecosystem consists of collectible NFTs and game experiences. These included branded products like F1 Delta Time, but also in-house developed games like REVV Racing. There’s one thing all this gaming dapps have in common: REVV.

The idea of the REVV token is to serve as the single currency that connects Animoca Brands’ blockchain motorsport games. It can be earned by users as gameplay rewards and through staking. The token circles back into the economy when used by players to pay gameplay fees or make NFT purchases. 

Games supporting REVV

Summary

REVV is designed to leverage the blockchain assets concept of interoperability, wherein a token can be utilized across multiple connected products. Having one utility token for multiple game titles offers various benefits to players and game publishers and will encourage players to explore the other games that are part of this connected ecosystem, and has the additional potential benefit that any content or tokens could increase in utility as the larger token ecosystem expands.

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