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.

Are all F1 Delta time cars licensed by Formula 1?

All race cars produced by F1 Delta Time are officially licensed by Formula 1. Every car is an NFT digital collectible that can be used in the F1 Delta Time multiplayer racing game modes. Additionally, all car NFTs can be staked to generate REVV passively over time. NFT collectibles can be extremely valuable.

When will F1 Delta time auction apex race car non fungible token (NFT)?

8 March 2021: Animoca Brands announces that F1 Delta Time will auction the ultra-rare “ 70th Anniversary Edition ” Apex race car non-fungible token (NFT) on 9 March 2021 to mark the end of the F1 Delta Time and Formula 1 2020 season, the 70th year of Formula 1.

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.