Grease Monkey Games, an Animoca Brands subsidiary in Australia, has received funding from video-game giant Epic Games to establish Torque Drift 2, a new blockchain-based motorsport game.
The funding will be used to develop the motorsport title based on drifting after receiving an Epic MegaGrant from the Fortnite builders. The Unreal Engine is a 3D computer graphics game engine formed by Epic Games that has been used in various industries since its debut in the 1998 game Unreal.
According to an Aug. 18 official statement from Animoca Brands, the Epic MegaGrant, which ranges from $5,000 to up to $500,000, will be utilized to create a realistic gaming experience comparable to other triple-A games that use the Unreal Engine.
Given that Grease Monkey Games is working on a play-to-earn (P2E), the grant is a significant gesture of support from the classical gaming sector, which has frequently been at odds with blockchain gaming.
Torque Drift 2 is an upcoming drifting motorsport game with an optimization garage that will be available to players in Q3 2022 and a full launch date of 2024. Nonfungible token parts, cars, decals, and goods will be used in the game to allow players to customize their vehicle and profile.
Participants will also be able to design their own paint job and car tuning NFTs, which can then be shared and auctioned on its marketplace.
The game is a traditional game developer that has released original IP with over 45 million global downloads since 2014. In February 2022, they were acquired by Animoca Brands and will assist them as they transform into blockchain games.
In contrast to traditional tournaments, where players typically purchase in-game items with real money but cannot withdraw, integrating blockchain verifiable NFTs into competitions is seen as a way to provide digital ownership over in-game content. As a result, it allows players to sell items when they are finished completing the match or want to exchange them for new ones.
This model is called P2E because players are compensated with economic value for engaging in the ecosystem.
Many critics of P2E games, such as Udi Wertheimer, argue that they are less fun than traditional because they require wallets and cryptocurrency purchases before players can begin playing.
Other critics, including Minecraft developer Mojang Studios, have highlighted the use of NFTs within matches as a method for uncertain pricing, which promotes profiteering over game quality and performance.
Animoca Brands, on the other hand, has become a prolific investor in blockchain-enabled games. Yat Sui, co-founder and Executive Chairman of the platform, believes that digital property rights represent a paradigm transformation toward a more decentralized community.