Cryptocurrency

Animoca Brands Announced The First Ever Crypto Collectible From F1 Delta Time

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F1 Delta Time- the racing game based on blockchain has released its first-ever crypto collectibles. These are ERC 721 based crypto collectibles. It is a non-fungible token type, which offers unique attributes on every token. This brand new line proudly presents elements such as cars, drivers, and other related components.

Here is an excerpt from the game’s official website-

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F1® Delta Time is a blockchain-based game which will utilize the ERC-721 and ERC-20 standards, and run on the Ethereum blockchain.

The game will center on the collection and trading of unique Cars, Drivers and Components – all of which will exist as non-fungible tokens (NFTs) based on the ERC-721 token standard.

In F1® Delta Time, all Cars, Drivers, and Components will be NFTs and will possess special race day attributes, which will increase players’ chances of out-performing competition on the track. Tokens are produced in limited quantities as determined by their level of rarity, with the rarest tokens possessing the most impressive racing attributes.

This under the radar game is a blockchain game which was announced by the Animoca Brands earlier this year. The game was developed in partnership with Liberty Media Group who are the owners of the Formula 1.

The auction of the F1 car called- 1-1-1

The racing crypto game will offer a collectible vehicle known as- the 1-1-1 for the auction. The users can participate in the auction of this vehicle. By far the auction has mustered around 92,124 U.S. Dollars. It is one of a kind game that offers auction in-game NFT sales. As per reports, the cost of the virtual car is 360 ETH. The fact that it has NFT will allow the users of the blockchain game to get a chance to own the unique cars as well as the drivers in the game. The gamers can use these cars and drivers for competing in the virtual race.

Although these tokens are ERC 721 based crypto collectibles, but as per the creators- Animoca Brands, the fungible tokens that are based on the ERC 20 token standard will work perfectly well on the platform for the gaming purposes. It will play an important role on the platform. For instance, the user can use it for buying game-related items on the platform, as well as they can use it to pay for the entry fees. In the recent past, the creators of the game have published mobile products and games too which include the Crazy Kings, or the Sandbox, and other games based on Garfield and Doraemon.

Some reports say that an unidentified person has already purchased an exclusive virtual car. The person has spent 100,000 USD. It is surprising how an unreleased game could stir up people to spend such hefty amounts for not so popular games. Was the auction a way to gather publicity for the game? Only time can tell the worth of the blockchain game, and the wisdom of the person whoever spent that amount on the game.

Jodie Miller

Jodie Miller is experienced journalist. She holds double degree in journalism and communication. She joined our team as a content curator. She enjoys writing and curating contents related to finance and forex world.

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