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  The second Formula 1 NFT virtual car auction begins on 19 June 2019
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06/18/2019
 


[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]

18 June 2019 - After the record-setting success of the “1-1-1”, the very first official Formula 1® non-fungible token (NFT), F1®Delta Time is proud to announce the second unique F1® virtual car: the “Monaco Edition 2019”. The auction begins on 19 June 2019 at 2 am GMT.

The “Monaco Edition 2019” car is a unique and high-powered virtual race car inspired by the FORMULA 1 GRAND PRIX DE MONACO, one of the most demanding circuits in F1®. Its livery is inspired by the red and white portion of the principality of Monaco coat of arms, and its ruling family the House of Grimaldi. The “Monaco Edition 2019” car is a proud honorary Monegasque.

The performance indices of the “Monaco Edition 2019” car offer a glimpse into the proud history of Formula 1® in Monaco:

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

The lucky player who races in the “Monaco Edition 2019” at the Circuit de Monaco will benefit from a hometown advantage, receiving a boost to all performance indices of the “Monaco Edition 2019” car.

Like the “1-1-1” car, which broke virtual item auction records last month, the “Monaco Edition 2019” car is a one-of-a-kind digital asset, making it unique and highly desirable as both an in-game item and a digital collectible. It is an extreme performance digital asset with a blisteringly fast pace on the racetrack.

Details of the “Monaco Edition 2019” auction

The auction for the “Monaco Edition 2019” car starts on 19 June 2019 at 2 am GMT and runs for 72 hours. Participation requires a web browser that supports Ethereum wallets, as well as an Ethereum wallet; bids will be made in ether. Check out the auction details now at www.F1DeltaTime.com and get ready for another historical digital event.

 

The appeal of NFTs

Non-fungible tokens (NFTs) are digital assets and collectibles. The authenticity, rarity, scarcity, and other properties of NFTs are independently guaranteed, verified, and secured on blockchain. All NFTs in F1 Delta Time will forever be owned by their owners regardless of any decisions taken by the game, Formula 1®, or Animoca Brands.

Rare digital collectibles can be extremely valuable. The winning bid for the “1-1-1”, the first official Formula 1® NFT car, was 415.9 ether. In terms of ether this was the highest sum paid for a single virtual item outside of CryptoKitties. In dollar value the car fetched approximately US$113,000 at the time of sale, placing it firmly among the most valuable virtual assets ever sold. The “1-1-1” car was also one of the highest ever auction results for any NFT, and set a record for the highest price ever paid for a branded game NFT.

Other examples of high-value NFTs include the CryptoKitties unique NFT “Dragon” sold for 600 ether, the equivalent of about US$170,000 at the time of sale; the NFT “Hyperion” for the upcoming Gods Unchained sold for 146.271 ether, worth approximately US$60,000 at the time of sale.

 

F1® Delta Time

F1® Delta Time is a blockchain game licensed by Formula 1®, developed and published by Animoca Brands. The game consists of a collectible component based on NFTs as well as a racing component utilising those NFTs. The collectible component is available now, and the racing component will launch in early 2020. For more information please visit www.F1DeltaTime.com or join the official Discord channel at https://discord.gg/s6wn7dk.

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About Animoca Brands

Animoca Brands (ASX: AB1) leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The SandboxCrazy Kings, and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Snoopy, Thomas & Friends™, Ever After High and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Dapper Labs, WAX, Harmony, and Decentraland, and it is also the exclusive China distributor of CryptoKitties. The Company is based in Hong Kong, Canada, Finland, and Argentina. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.

Contact: [email protected]com

The F1 FORMULA 1 logo, F1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing BV, a Formula 1 company. All rights reserved.​