Web3 game development studio Autoverse Studios announced the completion of $8 million, led by White Star Capital, Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital and LiquidX, as well as automotive industry luminaries such as Horacio Pagani, Miller Motorcars, and gaming industry veterans such as Glu Mobile (acquired by EA) former CEO Niccolo De Masi and Ludia Games (acquired by Jam City) founder and former CEO Alex Thabet. The new funds will be used to develop its social racing Web3 game Auto Legends, with the goal of building a game that brings Web3 ownership and trading mechanics to traditional players and attracts more Web2 users.