Blockchain Gaming Firm Animoca Brands Signs Deal With Formula E

Blockchain gaming firm Animoca Brands signs deal Formula E.  The gaming firm announced a licensing agreement with electric single-seater car racing championship Formula E to develop a blockchain-powered motorsports game featuring non-fungible tokens (NFTs).

The Formula E game will utilize Animoca’s REVV utility token as an in-game currency. REVV is also used as an in-game currency for Animoca’s F1 Delta Time title, and upcoming MotoGP game.

Formula E was designed by the Federation Internationale de l’Automobile (FIA)’s Jean Todt in 2011 and made its worldwide debut in Beijing in 2014. The company now holds 14 races in 12 cities across five continents every season, with the championship attracting a 411 million seasonal audience.

After suspending the current season due to the coronavirus pandemic, Formula E’s sixth championship resumed on Aug. 5 in Berlin.

[image: Hanson Lu]

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