Officially Licensed Formula 1 ‘Ethereum NFT Game’ Shuts Down

Formula 1 Crypto Game

Picture: F1 Delta Time

F1 Delta Time, an official NFT and crypto-powered racing sport that launched again in 2019, closed its doorways final month, leaving everybody who had spent cash and invested within the undertaking in all probability wishing that they had accomplished one thing else with their time.

The sport—which was one of many first licensed NFT titles on the market, years earlier than different leagues and sports activities obtained into the rip-off—introduced its closure on March 15, giving customers…someday earlier than the sport shut down on March 16. For those who’ve by no means seen F1 Delta Time earlier than, and also you’re considering “wow, did I miss an thrilling Formula 1 racing sport?!?!”, you didn’t:

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Video games shut down on a regular basis, however what’s notable about this one is that it was at one level a reasonably large deal, a minimum of on this cursed house! Instance: the costliest NFT bought in all of 2019 was a automobile for this sport, which went for over $100,000, and a mix of the official F1 license and a promised potential for gamers to “play to earn” made it an early check case for a way NFT-powered video games might work.


Gross sales of things have been flat-lined for over two years earlier than the closure
Screenshot: Opensea

With house owners Amioca unable to resume the F1 license, nonetheless, it’s now additionally a check case for what occurs when a licensed NFT sport dies, as a result of all that cash splashed out on vehicles and different gadgets—some gamers would later spend virtually $300,000 on a single transaction—is now ostensibly nugatory. Certain, the tokens themselves stay on, however with out the sport they had been purchased for there’s no precise worth there.

Absolutely conscious of this, the builders have promised the house owners of these F1 NFTs that they will now have some generic alternative tokens for a unique racing sport as an alternative:

As a part of our dedication to an open ecosystem, we’re offering F1® Delta Time asset house owners with the next choices:

– All F1® Delta Time automobile house owners will obtain Substitute Vehicles, that are equal vehicles for REVV Racing on Polygon based mostly on the rarity and energy of your authentic F1® Delta Time vehicles

– Your F1® Delta Time vehicles will be swapped for a Race Go, which is utilized in staking and offers entry to future NFT mints and airdrops

– Staking v4.0 may have our largest reward pool but: 20 million REVV. To take part you will want to make use of your new REVV Racing property along with a Race Go. Future staking occasions to be introduced.

-Occasion Phase house owners obtain 6 months of rewards, and an choice to swap for Monitor Vouchers, redeemable for a REVV Motorsport monitor NFT sooner or later

– 2019 Crates and 2020 Keys will be bridged and staked right into a SHRD incomes pool on Polygon

– All different F1® Delta Time property will be swapped for Proxy Belongings, which will probably be used sooner or later to acquire NFTs for merchandise throughout the REVV Motorsport ecosystem

Like I mentioned, video games shut down on a regular basis, and lots of of them have had gamers who spent cash on gadgets, ranges, weapons and different varieties of digital content material. The distinction right here is that in an everyday video video games, these are a part of the expertise; this sport’s gadgets, like all the pieces else crypto-related, was pitched as an funding.


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