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Animoca Brands To Soon Launch Second Crypto Collectible In Collaboration With Formula 1

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Animoca Brands has announced that it will launch the second crypto collectible for its blockchain game soon. Like the first one, this too will be launched in collaboration with F1 Racing.

Animoca Brands is one of the leading blockchain gaming companies in the world, which creates special virtual assets to be used in its games. Earlier in May, it launched the first crypto collectible, a virtual dashing car 1-1-1, which was also in collaboration with F1 Racing. 1-1-1 was sold for whopping 415.9 ETH in an auction sale, which was about $110,600.

The second collectible, which is a Monaco Edition F1 racing car, is also up for auction sale, which began at 2 a.m. on Wednesday, and it will be live for 72 hours. Both the collectibles will be available for use in the F1 Delta Time blockchain game from early 2020. On its official page, Animoca described the virtual car by describing the performance indices and its iconic history as follows:

Top Speed: 977 (2019 marked the 77th FORMULA 1 GRAND PRIX DE MONACO)

Acceleration: 929 (the first FORMULA 1 GRAND PRIX DE MONACO was held in 1929)

Grip: 978 (the FORMULA 1 GRAND PRIX DE MONACO has 78laps)

Luck: 33 (the Circuit de Monaco is 3.337 km long)

Such crypto collectibles come under Non-fungible Tokens (NFT), are have been quite popular in the world of crypto-blockchain gaming. Collectibles are sold for cryptocurrencies and give the owners a sense of authenticity and exclusivity. Animoca Brands are also the makers of the famous crypto-blockchain game CryptoKitties, which has sold a number of crypto collectibles.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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