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.

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.

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.

How does staking work on F1® Delta time car NFTS?

Staking enables owners of F1® Delta Time car NFTs to earn REVV by staking their NFTs. The amount of REVV earned by staking is determined primarily by the rarity of the NFT, with rarer items generating greater returns.