Animoca Brands and Yield Guild Games to hold first REVV Racing YGG Cup
Animoca and YGG have come together in the first ever REVV Racing x YGG Tournament with $150,000 USD in prizes up for grabs. Below is the official press release.
8 September 2021 — HONG KONG — Animoca Brands and Yield Guild Games (YGG) announce the first YGG Cup tournament in REVV Racing, the skill-based action arcade automobile racing blockchain game that gives players full and real-time first-person control of their car. The YGG Cup has a prize pool of US$150,000 and takes place 10-16 September 2021 at www.REVVRacing.com.
YGG is a play-to-earn gaming guild with more than 50,000 members that invests in yield-generating non-fungible tokens (NFTs) in virtual worlds and blockchain-based games. The guild recently made headlines when its public sale of 25 million YGG tokens sold out in just 31 seconds on 27 July 2021. The YGG token is a representation of all YGG assets in the metaverse.
REVV Racing is the newest play-to-earn title in the REVV Motorsport metaverse of racing games, and is a milestone in Animoca Brands’ ambitious plan to develop blockchain-based games that have the quality, look, and feel of traditional video games.
In REVV Racing, cars are NFTs and all play sessions are registered on blockchain – but the game looks and plays like the 3D car racing games familiar to millions of gamers all over the world.
Gabby Dizon, co-founder of YGG, commented: “With the goal to make NFT games accessible to more players, YGG is proud to sponsor the first REVV Racing YGG Cup. REVV Racing is setting the standard for the future of car racing in the rapidly growing play-to-earn category, providing players with the right to own, customize, share, and profit from their in-game NFT assets. This gives players more control than has ever been possible in the gaming world and that’s exactly the kind of empowerment we want to see as we continue our mission to onboard billions of players to the metaverse.”
Yat Siu, chairman and co-founder of Animoca Brands, said: “Gabby and YGG have been doing fantastic work to push the NFT gaming and play-to-earn movement toward the mainstream, so we are particularly excited to collaborate with them to bring the YGG community into REVV Racing and into the broader REVV ecosystem.”
The REVV Racing game trailer may be viewed at:
REVV Racing is currently in alpha version for development and testing. It is built on Polygon (formerly known as Matic).
YGG Cup: $150k in prizes (10-16 September 2021)
The YGG Cup is a special tournament sponsored by YGG that will be held on 10-16 September 2021 in REVV Racing (https://www.revvracing.com). Players will compete for the fastest times using their car NFTs in a traditional first and third-person view racing game with complete control of their cars on track.
The YGG Cup has a prize pool of US$150,000. There are 1,000 prizes in total, with the top prizes being $12,000, $9,000, and $4,500 for first, second, and third place. Prizes are paid out in REVV tokens (67%) and YGG tokens (33%). The top 3 players will also win a REVV Racing YGG Cup NFT (Gold, Silver, Bronze).
A REVV Racing car NFT is required to participate in the YGG Cup. REVV Racing car NFTs are available for purchase on OpenSea:
About Yield Guild Games (YGG)
Yield Guild Games (https://yieldguild.io/) is a decentralized gaming guild that pools investor funds to purchase yield-generating NFTs, and leverages players’ time and effort to optimise its community-owned assets for maximum utility and return. By merging NFTs and decentralized finance (DeFi), YGG’s mission is to create value for its members by developing the content and economy of virtual worlds and blockchain-based games. A short documentary funded by YGG, titled Play-to-Earn: NFT Gaming in the Philippines, demonstrates how these games are providing transformative economic opportunities.
About REVV: the token ecosystem for motorsport gaming
REVV is the utility token that serves as the primary currency of purchase, utility, and action across all REVV Motorsport blockchain games by Animoca Brands. REVV is designed to enable true digital ownership of game assets, giving players freedom and control over their NFT in-game items across a growing metaverse of racing games. The games in the REVV Motorsport ecosystem include REVV Racing, F1® Delta Time, MotoGP™ Ignition, and Formula E: High Voltage.
About Animoca Brands
Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification. Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include The Sandbox, Blowfish Studios, Quidd, Gamee, nWay, Pixowl, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.