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Auto Legends Secures $1M Investment from Coinbase Ventures
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Auto Legends Secures $1 Million from Coinbase Ventures

Auto Legends, a social web3 drag racing game, raises $1 million from Coinbase Ventures, bringing its total funding to $9 million. Learn about its growth, NFT mint, and gameplay innovations.

Eliza Crichton-Stuart

Eliza Crichton-Stuart

•

Updated Jun 9, 2026

Auto Legends Secures $1M Investment from Coinbase Ventures

Auto Legends, a social drag racing web3 game, has secured an additional $1 million in funding from Coinbase Ventures' Base Ecosystem Fund. This investment brings the company's total funding to $9 million, reinforcing its development efforts and expansion within the blockchain gaming space. Other key investors in the funding round include Operating Group and Draper Dragon.

Autoverse Studios Raises $8 Million for Auto Legends

Auto Legends Logo and Key Art

About Auto Legends

Players in Auto Legends can dive into multiple facets of car culture, including racing, vehicle collecting, team ownership, tournament hosting, tuning services, part manufacturing and sales, and virtual dealership management. The game attempts to merge traditional racing mechanics with blockchain-powered ownership systems, creating a player-driven economy where users control the market.

The fresh capital will fund ongoing development work, allowing the studio to polish gameplay systems, add new features, and make the experience more accessible to players from both traditional gaming and web3 backgrounds. With a roster of developers who previously worked at major studios, Auto Legends is carving out space in the growing web3 gaming market.

auto legends game image 1.png

Auto Legends $5k Cash Race

Strengthening the Team with Industry Expertise

Auto Legends recently added Scott Probin to its team, a veteran with more than 35 years in triple-A game production. Probin's resume includes credits on major racing and sports franchises like Need for Speed Underground, Need for Speed Hot Pursuit 2, John Madden Football, and For Honor. His experience will help shape Auto Legends' gameplay loop, streamline player onboarding, and build out the economic systems that underpin the game.

Peter Pham, CEO of Auto Legends, pointed to Probin's racing game expertise and industry knowledge as critical assets for creating an experience that feels authentic to car enthusiasts while remaining competitive for serious players.

auto legends game image 3.png

Auto Legends Key Art

The Origins and Vision Behind Auto Legends

Autoverse Studios is developing Auto Legends under the leadership of executive chairman Justin Choice, who founded Cie Games and created racing titles like Car Town and Racing Rivals. The development team includes former staff from Cie Games, Glu Mobile, Riot Games, Xbox, EA, Ubisoft, and Scopely, pooling decades of racing game development experience.

Earlier projects from team members, including Nitto 1320 Legends, Car Town, and Racing Rivals, reached a combined 140 million players and ranked among the most successful automotive games of their time. Auto Legends builds on that foundation by focusing on social competition, authentic vehicle ownership mechanics, and a player-controlled economy.

Gameplay and Competitive Racing Elements

The game takes place in Southern California, with an initial environment modeled after real street racing culture. Players acquire cars, install aftermarket parts, compete in different race formats, and attend social meet-ups. Competitive systems include leaderboards, in-game currency rewards, and high-stakes races where players can win rare parts or even claim another racer's vehicle in "pink slip" matches.

Progression unlocks new garages, performance shops, and better vehicles, giving players more tools to compete at higher tiers. Vehicle ownership in Auto Legends incorporates digital scarcity, with in-game cars mirroring real-world production numbers. This creates a rarity system where certain models are harder to obtain than others.

auto legends game image 6.png

Auto Legends Challenge

Upcoming NFT Mint and Future Developments

Auto Legends is preparing an NFT mint that gives early backers access to exclusive in-game vehicles. These digital collectibles will function within the game's systems, usable in races, competitions, and customization. The NFT integration represents another layer of blockchain technology in the game while keeping the core experience approachable for traditional players.

With backing from Coinbase Ventures and other investors, Auto Legends continues building out its ecosystem, refining mechanics, and expanding its player base. The project aims to deliver a competitive experience that combines car culture, blockchain systems, and social gameplay.

Eliza Crichton-Stuart author avatar

Eliza Crichton-Stuart

Head of Operations

Investments

updated

June 9th 2026

posted

June 9th 2026

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