[Korea NFT Month] #6 Animoca Brands_‘What is REVV?’ and ‘Play-to-Earn’

Hanbitco
4 min readJun 3, 2021

What is REVV?

REVV is a utility token that supports the REVV Motorsport gaming platform.

One currency, many motorsport games.

The difference between REVV and a typical non-blockchain game currency is that the REVV is truly and completely “YOURS”.

This important concept of actually owning digital assets is new to gaming and is called True Digital Ownership.

How does REVV work?

Let’s take the example of F1® Delta Time.

In order to race in F1® Delta Time you need to get certain digital items: the absolute minimum you need is a car, driver and tyres.

These digital items are NFTs, or non-fungible tokens.

  1. REVV allows you to purchase these digital items (NFTs), pay race entry fees, and in the future do things like repair your tyres.
  2. There will also be different kinds of staking systems, where you can stake your REVV or NFTs to earn more by doing absolutely nothing! This is basically the same as renting your car to someone, but all happens in the digital world.
  3. Last but not least, REVV also serves as an in-game reward, for example winning a race or a tournament will reward you with REVV.
  4. REVV has real value outside of the game because it is listed on multiple exchanges, allowing you to trade it. Because it’s completely YOURS. Remember? True Digital Ownership.

How to ‘Play-to-Earn’?

The Play-to-Earn concept means that performing well and winning races can actually net you real-world profit!

So at this point you’re probably wondering how to get REVV and get started with True Digital Ownership and Play-to-Earn.

Here is how to ‘Play-to-Earn’ in 4 easy steps!

Step 1 Get a crypto wallet
This is basically an app that stores and handles your cryptocurrency, just like a physical wallet holds your coins and notes. Metamask is one of our recommended options, as it allows you to integrate your wallet straight into your browser with a handy extension. It’s very convenient for playing the games. As this is a real wallet, please remember you should never share your private key or seed phrase with anyone.

Step 2 Purchase some Ethereum(ETH)
You can do this in various ways, for example some crypto wallets like Metamask allow you to purchase ETH directly using a credit or debit card.

Step 3 Head over to Revvmotorsport.com
Enter the amount of REVV you want, wait for the transaction to complete. Please remember that you will need ETH for transaction fees, so it is good to keep some of that in your wallet for later too.

Step 4 Get yourself a digital racing team
Right now you can buy items in secondary markets like OpenSea (https://opensea.io/collection/f1-delta-time) and there are sometimes also direct sales. To play F1 Delta Time you would for example need a car, driver and set of tyres.

And you’re done!

Now you’re ready to get started in the exciting world of blockchain motorsports, True Digital Ownership, and Play-to-Earn.

If you’ve still got questions about REVV or want to know more, just head over to their social channels.

Join the F1® Delta Time community:
Medium — https://medium.com/@f1deltatime
Discord — https://discord.gg/aKGFVrs
Twitter — https://twitter.com/F1DeltaTime

Join the REVV community:
Telegram — https://t.me/REVVCommunity
Twitter — https://twitter.com/REVV_Token

--

--

Hanbitco

Leading pioneers of Financial Freedom, This is Hanbitco.