REVV (REVV) is a utility token that is utilized as an in-game currency in Animoca Brands’ blockchain motorsport games. It helps to keep F1 Delta Time, MotoGP Ignition, and REVV Racing’s gaming economies afloat. These projects use the play-to-earn principle, in which gamers are rewarded financially in the form of crypto in exchange for their contributions to the game environment.

REVV is gained throughout gaming as a prize for competing in time trials and grand prix competitions, as well as staking race cars and earning income from track ownership. Within this digital realm, players can use the currency to buy non-fungible tokens (NFTs) and pay entry fees to games.

REVV’s initial token sale was in September 2020, soon before the introduction of F1 Delta Time in December 2020, as per the official whitepaper, a simplified version of a whitepaper. It was then integrated into MotoGP Ignition and REVV Racing when they were released in March 2021 and August 2021, respectively.

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Who Are the Founders of REVV?

Yat Siu, a Hong Kong-based entrepreneur, created Animoca Brands in 2014. He was born and raised in Vienna, Austria, and formerly worked for Atari, a well-known video game developer. He’s also the CEO and Founder of Outblaze, a technological firm that specializes in the creation of digital media goods.

Robby Yung, a publisher, an entrepreneur, and mobile game creator, is the CEO of Animoca Brands. He was previously the co-founder and CFO of Redgate Media, a television and outdoor media holding company; co-founder and CSO of One Media Group, a magazine group; founder and CEO of One Studio Limited, a web development firm; and founder and CEO of OSMedia Limited, a television advertising sales firm.

What Makes REVV Unique?

REVV is a virtual currency with monetary worth outside of the game. Many games with digital economy systems only enable the customers to swap game goods within the digital realm, depriving them of the real-world experience of possession.

Furthermore, digital resources in non-blockchain economic games are exposed to the threat of game server collapse. As a result, if the project is terminated, the player will lose all of his or her hard-earned assets immediately. The REVV-based blockchain games by Animoca give players full ownership of in-game resources, allowing them to purchase and sell NFTs and tokens on digital marketplaces, transfer them to other players, and utilize them in other compatible games.

It’s also worth noting that the bulk of REVV-based games are created under license from well-known sports brands like Formula One and MotoGP.