Blockchain company Animoca Brands has announced a licensing agreement with the Formula E Single-Seat Electric Racing Championship to develop a motorsport game using blockchain technology, no token exchange (NFT).
Formula E will use the REVV Animoca service code as the game currency. REVV is also used as the currency for the Animoca title in F1 Delta Time and the upcoming MotoGP game.
Formula E was developed in 2011 by Jean Todt of the International Automobile Federation (FIA) and debuted in 2014 in Beijing. The organization currently hosts 14 races in 12 cities on five continents each season, with the championship attracting a seasonal audience of 411 million.
Following a halt this season due to the coronavirus pandemic, the sixth Formula E championship resumed in Berlin on 5 August.
November 6 was a big day for NFT’s announcements when Enjin, a developer of blockchain-based gaming ecosystems, announced a partnership with Canadian gaming studio Skymarch to launch three unique games that use non-tradable tokens to “improve the base game.” ”
Coming soon are Crystals of Fate, a collectible card game with real-time combat, Zeal, a player-centric action RPG and the MMORPG Galaxy of Lemuria.
Major Aave Decentralized Funding Protocol (DeFi) also announced a marketing partnership with blockchain-driven Axie Infinity, Digital Pet World. Aave is sponsoring the upcoming Axie Community Alpha season, offering 4,000 AAVE players to win, and players with a 0.65 or more AAVE blocked can qualify for the Aave Limited Edition NFT until December 6th.
Dapper Labs’ NBA Top Shot has also launched a “rare” wave of NFT collectibles “Premium Pack”. 1203 of 3411 tokens are sold within 90 minutes after the token sale. At $ 24 each box, Top Shot sold nearly $ 300,000 worth of iconic basketball Instants.
According to DappRadar, NFTs rose in popularity in 2020, as the five largest markets backed by Ethereum were paying over $ 1 million in NFT per day during October.
Since then, NFT sales have fallen, and today the five largest markets have raised $ 263,000.