Animoca Brands has signed a three-year global licensing agreement with Dorna Sports to launch the blockchain-based manager game and digital collectibles of motorsports championship FIM Road Racing World Championship Grand Prix or MotoGP.
Hong Kong-based game developer and publisher said in a press release that it will potentially release the DApp game by the start of the 2020 MotoGP racing season, with plans to make it available for mobile devices, personal computers, and game consoles.
The game will be designed to employ custom smart contracts to allow players to purchase, collect, view, use, and transfer MotoGP collectibles, which will be included in the gameplay.
“We are honoured to work with MotoGP, the undisputed leader among motorcycle racing brands, and we look forward to bringing to blockchain the excitement and thrill of the world’s most popular motorcycle races,” said Yat Siu, co-founder and chairman of Animoca Brands.
The game publisher completed a strategic capital raise of $1 million from several investors to fund business opportunities, which includes the development of the manager game.
Animoca Brands believes that the agreement for MotoGP will help the company reach a wider audience, boost fan engagement, and drive uptake and revenue.
The Hong Kong-based firm previously obtained licensing arrangements with different sports franchises such as Formula 1, Major League Baseball, the Bundesliga, and FC Bayern Munich.
Siu noted that Animoca Brands has particularly secured a foothold in two- and four-wheeled motorsports through its partnership with MotoGP and Formula 1.
MotoGP is the oldest established motorsport world championship, with its first annual competition held in 1949. It succeeded the Fédération Internationale des Clubs Motocyclistes championship when the second World War ended.