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Phil Hall
Phil Hall
Dec 2, 2020
News

Record NFT Sale Formula 1 Delta Time

F1 Delta Time has set a new record with the sale of a track segment for the Grand Prix of Monaco. It sold for more than 223 thousand dollars.
Record NFT Sale Formula 1 Delta Time

F1 Delta Time has set a new record with the sale of their first track segment for the Grand Prix of Monaco, as sold for more than 9 million REVV, which translates to 223 thousand dollars at the time of the auction. As a result the Formula 1 Grand Prix de Monaco 2020 1A token with an 'Apex' rarity is one of the highest valued digital assets ever sold.

An investor called MetaKovan won the auction. This is the same person who was recently revealed as the one who set a record sale in May 2019, when he paid 111 thousand dollars for the unique 1-1-1 race car for F1 Delta Time. He also holds Micah Johnson's ?sä-v(?-)r?n-t? in something called the Metapurse Fund.

https://twitter.com/F1DeltaTime/status/1333966520423124993

The token for Formula 1 Grand Prix de Monaco 2020 1A gives the owner a revenue share every time the track is being used in a race. The amount someone receives, depends on the track's rarity. Apex receives the highest percentage of the track fee, while rare gets the smallest.

Track NFTs will earn between 5 and 25 percent of the gameplay fees. However, each track is segmented into multiple track segments. The Formula 1 Grand Prix de Monaco 2020 1A token is just one of multiple tokens sharing the revenue of a track. In addition one segment will have multiple versions in different rarities, even though the Apex one is unique.

In the past couple of months we've seen some big sales in the NFT space. Artworks have been selling regularly for more than 100 thousand dollars. Just look at EthBoy or Micah Johnson's work. While a digital card for the fantasy football game Sorare sold for almost 65 thousand dollars.

New season sale

Starting from November 30th gamers can deposit their REVV tokens to join the pre-sale of the F1 Delta Time season 2020 items. By depositing REVV tokens, gamers can create a discount up to 50 percent. The deposit period ends on December 3rd, and one day later the purchase period begins. During that time players can use their deposited REVV tokens to buy keys, and on December 11th the pre-sale ends. After that all unused REVV will be returned to the original owner.

When players deposit a total of 20 million REVV, they will get a 10 percent discount. There will be a 25% discount when 30 million REVV has been deposited, while the 50% discount will unlock with 40 million REVV locked away.

Instead of crates, players will be buying keys. Each of these keys unlocks a total of five digital assets, or non-fungible tokens. Keys are fungible tokens that can be pre-purchased and traded even before they unlock the actual content.

What is F1 Delta Time?

F1 Delta Time is one of the officially licensed sports games from Animoca Brands. In this blockchain game players can collect virtual cars, drivers and car parts. Each of these parts is an unique non-fungible token and can be collected, traded, used or sold individually. Some of the very rare vehicles have sold for 16 thousand dollars through an auction. Animoca Brands already made thousands of dollars through a variety of auctions.

Competitive racing will be a core element of F1 Delta Time. Each car has characteristics unique to the vehicle. Acceleration, grip, top speed, and luck are the elements that will influence the car’s performance. Currently the races are shown top-down and feature limited gameplay options.

The Racing Game presents the players with tracks from the official Formula 1 season playable from your browser. Players go head-to-head in qualifying sessions, before going into the final race. Similar to the Time Trial, car and driver compositions are key. The right track requires the right composition, as well as the most suitable tires for the current weather.

During qualifying, the player is in direct control of their car and driver. The player needs to control the speed of their car, decelerating as the car enters a corner, and then accelerating back out. Timing and control result in better maintained speed, and therefore better times.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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