REVV is a utility token designed for use in blockchain-based motorsport games created by Animoca Brands. It serves as a currency for in-game purchases, rewards, and governance participation within the Motorverse ecosystem. REVV is used in games like F1 Delta Time, MotoGP Ignition, and Formula E: High Voltage, and aims to enable true digital ownership of game assets.
REVV operates as an ERC-20 token on the Ethereum blockchain, also available on Binance Smart Chain, Polygon, and Flow. The token is designed to facilitate in-game transactions, allowing players to trade digital vehicles, parts, and tracks, and participate in governance decisions. The REVV smart contract has been audited to ensure its security.
REVV is primarily used for in-game purchases and rewards in Animoca Brands' motorsport games, creating NFTs, and participating in governance through voting. It also serves as an incentive mechanism for developers, players, and marketers, and is used to fund new developments within the Motorverse ecosystem. The token is integrated in games like F1 Delta Time, MotoGP Ignition, and Formula E: High Voltage.
REVV was founded by Yat Siu, Nathan Sala, and Sean Dudley from Animoca Brands. Key milestones include the launch of REVV Motorsport in 2019, the introduction of the REVV token in 2020, and its listing on Uniswap the same year. REVV has evolved into the Motorverse, an open digital ecosystem for motorsport games, integrated with Polygon for enhanced performance. Partnerships with brands like F1 and MotoGP, along with backing from notable investors, have strengthened its market presence.