Animoca Brands launched REVV Racing, a play-to-earn blockchain game with a car racing simulation theme. The initial stage of the game features a week-long tournament with a prize pool of $150,000. 

In traditional video games, users purchase in-game assets that can’t be used outside of that digital universe. Those assets are also not really owned by gamers since gaming providers can discontinue the game at any point and all the content in it.

Play-to-earn games are becoming popular offerings in the blockchain gaming industry because they enable gamers to own the in-game assets they purchase. The assets are minted as non-fungible tokens (NFTs) and can often be traded on platforms outside the game’s universe.