F1 Delta Time’s first non-fungible token (NFT) sells for record sum
The blockchain game based on Formula 1 is about to auction its second virtual car to commemorate the Monaco Grand Prix
Earlier this year, we covered the news of F1 Delta Time, the highest profile branded title in the pioneering world of blockchain gaming. Developer Animoca Brands teamed up with Formula 1 to develop a range of digital collectables and a racing game using the blockchain technology powering the Ethereum cryptocurrency.
In F1 Delta Time, players can collect and trade non-fungible tokens (NFTs) — unique digital assets that cannot be duplicated. It’s one of a handful of blockchain titles such as CryptoKitties and Gods Unchained that are essentially modern twists on the trading card game. In this case, there are a range of NFTs available, from one-of-a-kind racing cars to F1 drivers — each a rare, valuable asset. But the game will go one step further by allowing collectors to enter into 2.5D, top-down races against each other, adding an element of multiplayer competition.
F1 Delta Time is being rolled out in two phases: first, the auctioning of the NFTs in progress now, and secondly — slated for next year — the competitive races and rankings.
At the end of May, F1 Delta Time auctioned off the world’s first Formula 1 NFT: the ‘1-1-1’ - a one-off sleek diamond-encrusted racing car that sold for an incredible 415.9 ether (worth around £90,000 at the time of sale). That’s one of the highest figures ever gleaned by the sale of an NFT. It’s also the highest price fetched by a single in-game item that we’re aware of, and it is without a doubt the most expensive virtual car ever.
Now, the second F1 Delta Time racing car to go on auction has been revealed: the 'Monaco Edition 2019'. Everything about this exclusive vehicle is a tribute to the recently held 2019 Monaco Grand Prix, from the red and white paint job evocative of Monaco's coat of arms, to its statistics, carefully chosen based on the history of the world-famous racing competition.
With similar scarcity (i.e., unique), desirability and symbolism through design as the ’1-1-1’ - and the added appeal for fans of Monaco and of its racing circuit - this car could end up fetching another heart-skipping sum. To find out more about the one-off 'Monaco Edition 2019' car, and perhaps prepare a bid yourself, head to www.F1DeltaTime.com