REVV (REVV) is a utility token used as an in-game currency in blockchain motorsport games developed by Animoca Brands. It serves to maintain the gaming economy in F1 Delta Time, MotoGP Ignition and REVV Racing. These projects implement the concept of play-to-earn, through which gamers are provided with financial benefits in the form of cryptocurrency for their contribution to the game world.
During gameplay, REVV is obtained as a reward for participating in time-trial races and grand-prix tournaments, as well as through staking of the race cars and collecting dividends from track ownership. Players can spend the currency on non-fungible token (NFT) purchases and gameplay entry fees inside of this digital universe.
According to the official lightpaper, a summary version of a whitepaper, REVV first token sale was in September 2020, just prior to the launch of F1 Delta Time in December 2020. Subsequently it was introduced to MotoGP Ignition and REVV Racing upon their respective releases in March 2021 and August 2021.
