Why did Animoca Brands close F1 Delta time?

A landmark partnership occurred when gaming Animoca Brands joined forces with Formula One to launch an NFT game in 2019. Last week, Animoca Brands abruptly closed the F1 Delta Time game after difficulties renewing the license. Players, lawyers and investors explain what went wrong and how to think about investing in licensed projects.

What is Animoca Delta time?

Animoca Brands Corporation Limited (ASX: AB1, “the Company ”) is pleased to advise it has secured a global licencing agreement with Formula 1® (“F1”) to develop and publish F1® Delta Time, a blockchain game based on the world-famous racing series.

What happened to F1 Delta time?

The closure of F1 Delta Time is one of them. Created by Animoca Brands in 2019, the game announced its definitive closure on March 15 through a Twitter post: "We deeply regret having to announce that F1 Delta Time will cease to operate on March 16, 2022".

Why do F1 teams use Delta?

In the same way, F1 teams use delta to measure the time difference between the driver’s ongoing lap time and the pre-calculated lap time. Delta helps the driver and its team to keep a track of the pace of the driver during the race. The term delta is used during the whole of the F1 race.