Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

REVV Racing Shifts NFTs to New Smart Contracts in Preparation for Fusion System

Published 12/16/2022, 02:00 PM
Updated 12/16/2022, 03:30 PM
REVV Racing Shifts NFTs to New Smart Contracts in Preparation for Fusion System

REVV Motorsport’s flagship racing title, REVV Racing, has announced that it will be migrating all of its current REVV Racing Car NFT smart contracts to a new ERC-721 smart contract in preparation for the upcoming Fusion System.

REVV Racing’s existing assets will depreciate during the migration in favor of the new contract and assets. The motorsport game reassured users that the process should have minimal impact on player and owner experiences. REVV Racing has encouraged users to delist any assets listed on OpenSea to avoid problems.

.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif}.tweet-container div:first-child{ position:absolute!Important }.tweet-container div:last-child{ position:relative!Important }

A New Play to Earn System

The arcade motorsport game recently revealed its road map for 2023. The game has planned to integrate exciting mechanics such as Fusion, Catalysts, and Shards. REVV Motorsports aims to redefine players’ play-to-earn (P2E) experience heading into 2023.

The upcoming Fusion system expects to be the primary mechanic to grant users access to higher Rarity REVV Racing Cars. The new system will generate completely new and powerful REVV Racing Car NFTs that will allow players with common rarity cars to get a chance to generate a better and faster car. Whereas, Shards and Catalysts will enable the developer to integrate a new Play-to-Earn (P2E) infrastructure in its game.

In the upcoming migration exercise, REVV Racing will manage the deployment of Catalyst (CATA) and Shard (SHARD) tokens on Ethereum and Polygon to prepare for its play-to-earn 2.0 initiative.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Here are all the details about the migration:

  • REVV Motorsport will deploy Catalyst and Shard Bridges on Ethereum and Polygon on December 16th.
  • The Catalyst and Shard contracts game will deploy on the proposed networks by December 19th.
  • Starting on the second week of January 2023, snapshots of existing ERC-1155 will be taken.
  • The new ERC-721 contract will deploy on Polygon.
  • The game will set up the new collection after removing existing storefronts.
  • And finally, all of REVV Racing game components will reflect the new update to detect the new smart contracts.

The developers shared that they have a lot planned for the next year. REVV Motorsports has teased details of what to expect in Q1 of 2023.

On the Flipside

  • The developers shared that they considered an opt-in method of minting; however, this would have meant two NFT collections would have been active on storefronts, leading players to buy cars from the discontinued collection.

Why You Should Care

Revv Motorsport envisions providing better play-to-earn (P2E) experiences through its ecosystem of motorsport games. The upcoming fusion system, along with the new play-to-earn infrastructure powered by shard and catalyst, will transform the game to provide better utility to players and enthusiasts. The migration is a crucial step in Revv Motorsport’s roadmap, bringing it closer to its ultimate goal.

You May Also Like:

Animoca’s MotoGP Ignition Latest Updates: Development Progress and New Reward Mechanism

See original on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.