Auto Legends adds $1M to its funding round in Coinbase Ventures deal

Auto Legends, a social drag racing Web3 game, has added $1 million in a strategic investment from Coinbase Ventures’ Base Ecosystem Fund to its existing $8 million round. Auto Legends aims to capture the real-life car enthusiast journey where multiple paths are available to becoming an automotive legend, from racing, collecting, team ownership, hosting tournaments, providing tuning services, building and selling parts, running car dealerships, and more. The Web3 drag racing game also announcesd its inaugural non-fungible token (NFT) mint, granting early supporters exclusive in-game rewards. Other investors in the found include Operating Group, and Draper Dragon. This new investment is part of a larger $9 million fundraising round, further fueling Auto Legends’ mission to deliver a high-stakes racing experience that captures the depth and passion of car culture. With a team of industry veterans from top gaming studios and a legacy of creating hit racing franchises that have attracte ... Read full article.