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.

How much did Animoca Brands make from its NFT sales?

Game developer Animoca Brands has announced two non-fungible token (NFT) sale events for its blockchain games F1 Delta Time and The Sandbox have raked in a total of US$9.28 million (A$12 million) in a space of three days.

What happened to F1 Delta time?

With major implications for NFT games. F1 Delta Time, which launched back in 2019 and was one of the first-ever licensed NFT games, has shut down. Animoca Brands announced the game's closure on March 15, just one day before the game spun off the track of success and ploughed into the barrier of oblivion.