The paid membership service “Simetri” launched by Crypto Briefing, an encrypted asset research organization, believes that blockchain games + NFT are a trend and may become the next DeFi fuel. It comes not only from the crypto community, but also from a large number of active player communities around the world. REVV is developing rapidly, and it is easy to have the potential to rise 5 times in the coming year.
Written by: Crypto Briefing
Despite the current downturn in the market, DeFi remains the biggest hot spot in the cryptocurrency field. In the view of Simetri analysts, after a healthy correction, the value of DeFi projects will rebound. They also believe that DeFi is not the only field that can generate huge returns, and NFT (non-homogeneous tokens) is likely to become the next big event in the blockchain world. Since 2017, the NFT market has been developing. In September, many NFT projects have produced significant returns.
The paid membership service “Simetri” launched by Crypto Briefing, a crypto-asset research organization, just released the latest report, claiming that the NFT pledge project “REVV” in the blockchain racing game F1 Delta Time is the “most watchable project” of the month. Simetri analysts believe that blockchain games + NFT is a trend that may become the next DeFi fuel. It comes not only from the crypto community, but also from a large number of active player communities around the world. REVV is developed by Animoca Brands, one of the strongest companies in the blockchain game field, and is the core currency of its blockchain racing game F1 Delta Time. Its development momentum is swift and violent, and it is easy to have the potential to rise 5 times in the coming year.
The current price of REVV is close to 0.0175 USD, and Simetri has set a target price of 0.033 USD for the token.
Why is REVV worthy of attention?
REVV is the core utility token and currency for branded racing blockchain games created by Animoca Brands, including F1® Delta Time and future MotoGP games. All games are through REVV, the currency sharing economy of purchase, utility and action, and will be further applied in future games. REVV will connect multiple Animoca brand blockchain game works based on the intellectual property rights of motorsports. These games mainly have two gameplay experiences: collection and competitive racing.
“F1®Delta Time” is the first racing game developed by Animoca Brands. The game has not yet been released, but the team plans to launch it next month. The multiplayer mode will be launched after the conference. Currently there are game previews on Youtube.
F1® Delta Time preview screenshot
Animoca Brands will create a “manager” style game based on the intellectual property rights of the World Motorcycle Championship (MotoGP), which includes selected collectibles directly related to the core gameplay; the manager game will utilize blockchain technology and custom development The smart contract enables users to purchase, collect, view, use and transfer collectibles that will become part of the game experience.
According to OpenSea, the largest NFT market, F1®Delta Time currently has 11,421 NFTs and 566 holders. As the game is launched, these NFTs will become an important part of the game ecosystem. Players can use them to upgrade their cars, drivers, tracks, and other in-game assets.
In addition, these items are also valuable collectibles, because the Animoca brand is licensed under the Formula One and MotoGP brands. These tournaments have a long history and a large number of fans all over the world. If only a few of these fans decide to own F1® Delta Time or MotoGP’s original NFT, the prices of some of these items may soar. These will directly benefit REVV token holders because it is a single currency that connects the Animoca brand racing game.
The role of REVV tokens
REVV tokens can support several unique functions in Animoca Brands’ blockchain games:
NFT purchase-as a means to purchase exclusive NFT for F1®Delta Time and other games.
Gameplay registration fee-as the registration fee for all game modes.
Game rewards-part of the game fee for each game will be used as a reward for players based on their game performance. Part of the game fee will also be paid as a bonus to the owner of the track (NFT purchaser).
Betting-The owner of the racing NFT can earn REVV by “betting”.
The total supply of REVV tokens is 3 billion, of which 500 million REVV has been designated for various pools related to F1 Delta Time, including in-game rewards, marketing, reserves and promotional airdrops. The remaining tokens will be available later Assign to other games.
Currently, the circulating supply of tokens is equivalent to 127,531,555 REVV tokens.
REVV total token supply distribution
Many initial investors are also long-term partners and investors of the Animoca brand. After the initial DEX issuance of tokens, the circulating supply will slowly increase in the next few years.
The current supply of REVV tokens in circulation is less than 10%. On the basis of complete dilution-when all tokens are put into circulation, the market value of the project is approximately US$50 million, while its actual market value is only US$2 million. In general, considering the price of each token and the current low market value, REVV may be an opportunity before our eyes.
About Animoca Brands
Animoca Brands ltd. is a developer and publisher of games and other applications for smartphones and tablet devices. It was established by Yat Siu in January 2014 and is listed on the Australian Securities Exchange. In general, the company has a mature team with long-term experience in games, blockchain, marketing and development. Recently, the company has also hired first Formula Three (F3), Formula China Masters (FMCS) and GT3 racer Matt Solomon as the company’s internal racing experts. Matt will contribute his knowledge and experience in professional racing and assist in the development of racing projects.
Animoca Brands is currently a leader in the field of digital entertainment, focusing on blockchain, gamification and artificial intelligence technologies. The game portfolio of the project includes “Sandbox”, “Crazy King” and “Crazy Defensive Hero”. Sandbox is a virtual world built on the Ethereum blockchain. Its native token, SAND, was recently listed on Binance. REVV may be listed on Binance and other exchanges like SAND.
Animoca Brands also owns the intellectual property rights of a number of well-known IPs, such as F1, Marvel, Garfield, Snoopy, Thomas & Friends, POWER RANGERS), World Motorcycle Championship (MotoGP) and Doraemon (Doraemon). In addition, Animoca is also actively investing in and acquiring many projects that build products in the field of NFT and blockchain games.
In September, Animoca Brands acquired Ninja Stickers. Ninja Stickers provides NFT cards or collectible stickers based on the intellectual property rights of MotoGP, Moto2 and Moto3. In July of this year, the company acquired Gamee, a gaming community with more than 80 casual games, 13 million registered users and 1.3 million monthly active users.
Animoca Brands’ blockchain investment and partnership portfolio includes LucidSight, Dapper Labs (creator of Crypto Kitties), WAX, Harmony and Decentraland. At the same time it is also one of the largest NFT market OpenSea investors. It is conceivable that having such a large project ecosystem can help companies generate synergies between projects, which can greatly promote the development of the REVV ecosystem.
technical analysis
Target price: $0.033
Simetri analysts believe that after a long period of price consolidation, REVV is about to break the upper track of the downward price channel. Once the price breakout is completed, it may soon usher in the opportunity to hit the previous high of $0.033 again.
REVV/USD price
in conclusion
REVV has the key elements to become a successful project: it can achieve value growth and attract a vibrant community; it has the support of one of the most powerful teams in blockchain games; it has an unparalleled ecosystem that can be used in game products Create synergy between. Combining these factors, Simetri analysts ranked REVV as the best choice for this month.
The crypto-asset investment and research membership service “Simetri” is a paid product recently launched by the research organization Crypto Briefing. It provides paying members with in-depth research reports on cryptocurrency and blockchain projects at a price of $58 per month. Crypto Briefing is an independent research organization founded by Han Kao and Jon Rice.
