Meme coin TURBO Token and Motorverse strike partnership and swap REVV and TURBO tokens; Futureplay.com supporting as liquidity partner
9am ET, 25th June 2024 — Motorverse, a project by Animoca Brands known for its interoperable ecosystem of motorsport titles championing major IP collaborations and digital ownership, today announced a partnership with popular meme coin TURBO token to explore collaboration opportunities around joint marketing and interoperability. TURBO token is the first decentralized grassroots meme coin created by AI.
The partnership includes a token swap of Motorverse’s REVV tokens and TURBO tokens. The TURBO tokens received by Motorverse in the swap will be used towards community building initiatives for the Motorverse community of REVV holders. Futureplay.com joins as a liquidity partner to provide the necessary liquidity for the token swap on TURBO token’s side.
To celebrate the partnership with TURBO token, Motorverse will host a series of contests beginning on 26th June. The first contest will invite participants to create a car livery that incorporates the TURBO and Motorverse brands for Motorverse’s REVV Racing title. This will be followed by a meme creation contest that will encourage community members to create engaging, humorous, and shareable memes highlighting the partnership between TURBO Token and Motorverse.
Memecoins have experienced a surge in popularity in 2024 due to their representation of popular Internet memes and pop-culture references. Since then, memecoins have grown to hold cultural significance among the Web3 community.
“As the first AI-generated meme coin, TURBO token is a bold experiment in cryptocurrency creation and will strongly incentivize the integration of new, Web3-savvy communities into the Motorverse ecosystem,” said Will Griffiths, the general manager of Motorverse. “This exciting alliance broadens the horizons for the Motorverse and sets a new standard for meme coin collaborations in the digital entertainment landscape.”
Motorverse develops and publishes branded interoperable motorsport experiences for blockchain; it currently comprises 10 games, including MotoGP™ Ignition, Formula E: High Voltage, and the Torque Drift series, and boasts IP collaborations with several leading automotive brands. Motorverse games will be connected by a shared economy based on the REVV token, the central utility and governance token for the Motorverse ecosystem.
“The collaboration marks an important milestone in digital gaming and enhances TURBO’s branding and market presence, aligning it with Animoca Brands’ robust expertise and presence in Web3,” said Johnny Mack, TURBO’s Strategic Partnership Developer. “The integration of TURBO in Motorverse will enhance user engagement and create unique gaming experiences by expanding the utility of TURBO token.”
FuturePlay will contribute to this partnership by providing essential liquidity solutions. Matthew Pappas, CEO of FuturePlay, said, “To activate this partnership, a one-of-one Motorverse/TURBO/FuturePlay exclusive NFT will be available to the community of FuturePlay.com.”
To learn more about the games and initiatives of Motorverse, please visit: https://motorverse.com/