F1® Delta Time 2020 Content Pre-Sale sold out within 5 hours for ~US$1.3 million, capping record week of NFT sales
8 December 2020: Animoca Brands announces that F1® Delta Time’s 2020 Content Pre-Sale on 4 December 2020 sold out within 5 hours, during which participants spent 44,480,000 REVV, equivalent to about US$1.3 million. The 2020 Content Pre-Sale, which offered players new 2020 content for the official Formula 1® blockchain game at a 50% discount, was the highest-grossing non-fungible token (NFT) sale event of 2020, to the best of the Company’s knowledge.
The pre-sale concluded a remarkable week of NFT-related sales for F1® Delta Time, which also auctioned the first Formula 1 Grand Prix de Monaco track segment, breaking all previous NFT price records, and the “Bahrain Edition 2020” Apex race car. All together, F1® Delta Time sold a total of 56,211,752 REVV (about US$1.6 million) in NFT goods in the first week of December 2020.
All transactions in the 2020 Content Pre-Sale were conducted in REVV, the ERC-20 utility token that serves as currency in branded motorsports games produced by Animoca Brands. The 50% discount applied to the 2020 Content Pre-Sale was based on community participation: a total of 74,853,255 REVV was pre-deposited by all players to secure the discount. The amount that was actually spent in the pre-sale was 44,480,000 REVV (~US$1.3 million). Users who deposited REVV for the pre-sale can claim back any unspent REVV starting on 11 December 2020.
The full F1® Delta Time 2020 Content Sale will be conducted later in December 2020. More details will be announced soon.
Formula 1 Grand Prix de Monaco Apex track segment broke all NFT records
On 2 December 2020, F1® Delta Time’s first Apex race track segment NFT - the “Formula 1 Grand Prix de Monaco 2020 1A” - was sold to Metakovan at auction for the record-setting price of 9,081,752 REVV (approximately US$223,000 at the time of sale), potentially making it the most expensive NFT ever sold (see announcement of 2 December 2020). The 1A segment is the first very official Formula 1® track NFT and represents a fractional ownership of 5% in the Formula 1 Grand Prix de Monaco track inside the blockchain game F1® Delta Time. Details of the F1® Delta Time track tokenomics are available at this official post.
“Bahrain Edition 2020” Apex race car auctioned for US$77,414
On 4 December 2020, F1® Delta Time sold the “Bahrain Edition 2020” Apex race car NFT at a price of 2,650,000 REVV (approximately US$77,414 at the time of sale) to politician and championship poker player Tony G (Antanas Guoga) of the Super Fast racing esports team (see announcement of 4 December 2020). As an Apex car, the “Bahrain Edition 2020” is unique and represents the pinnacle of performance available in F1® Delta Time.
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.
F1® Delta Time is a blockchain based game licensed by Formula 1®, developed and published by Animoca Brands (see announcement of 26 March 2019). The game consists of a collectible component based on NFTs as well as a racing component utilising those NFTs.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP™, Formula E, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.
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