What is F1 Delta time?

F1 Delta Time: Formula One on the... F1 Delta Time is an Ethereum blockchain-based game developed by Animoca Brands in partnership with motor racing championship Formula 1 ®. The game utilizes both Non-Fungible (NFT) and fungible tokens for its collectible items that can be used in its Racing Game.

What are NFT games?

NFT (or play-to-earn) games involve using NFTs as in-game currency. While many traditional games have an in-game currency that is entirely fictional and has no real-world value, NFT games offer players the chance to make money by buying and selling non-fungible tokens as they progress. These games also often have their own native tokens.

What are NFTs and how do they work?

NFTs make it possible to, for example, take a car created in F1 Delta Time into a MotoGP game to race there. While that might be an intriguing prospect for gamers and fans, the practical realities of crossovers between officially licensed products may make that unworkable, at least for now.

How much did F1 Delta time cost Animoca?

F1 Delta Time was launched in March 2019. Two months later Animoca announced the first NFT sold for the game, known as 1-1-1, had been exchanged for 415.9 ETH, valued at £88,535 ($113,000). It was purchased by Vignesh Sundaresan, who uses the alias MetaKovan, and is reported to have spent tens of millions of dollars on digital artworks.