Web3 gaming studio Autoverse Studios recently announced that it has closed a $8 million funding round. The financing was led by prominent investment firm White Star Capital and joined by a number of other investors including Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital and LiquidX. Notable figures from the automotive and gaming industries, such as Horacio Pagani, a representative of Miller Motorcars, as well as industry veterans like Niccolo De Masi, who served as CEO of Glu Mobile (acquired by EA), and Alex Thabet, founder and former CEO of Ludia Games (acquired by Jam City), also participated in this round of investment. The newly raised funds will be used to accelerate the development of its social racing Web3 game Auto Legends, with the goal of creating a game that brings Web3 ownership and trading mechanisms to traditional players and further attract the interest of Web2 users.