A portion of the racetrack at F1 Delta Time, the iconic powered sports game from Animoca Brands, has sold more than 9 million REVV tokens, valued at roughly $ 222,000. Animoka says the game has a record price for NFT.
The Formula 1 Grand Prix de Monaco 2020 1A token was sold at the NFT Market Open Sea auction from November 29 to December 2. The owner token offers a share of “Apex” on the Monaco circuit.
Similar to how users can purchase virtual lands in Decentraland or The Sandbox, the tracks of F1 Delta Times are partially coded for sale to game players – Circuit de Monaco consists of 330 tokens from four different rare levels: Rare, Legendary, Epic.
Delta Time track-NFT owners take advantage of all activities taking place on their track, including race entry fees and “Elite Events,” which require participants to invest in a REVV to participate.
Depending on their rarity, Tracked NFTs will generate 5%, 7%, 13% or 25% in game fees plus 3%, 5%, 11%, or 21% of the Elite bet.
Apex Tokens are extremely rare and give the owner a 5% share in the entire game slot. So the closing auction price means the entire track could be as high as $ 4.44 million.
Monaco 1A token is the first NFT F1 Delta Time track to be auctioned. The token was sold to MetaKovan, who also made history by purchasing the Animoca token Apex racing car for $ 111,111 last year.
In an interview with Cointelegraph, Animoca Brands’ co-founder and CEO Yat Siu stated that the Apex token is the “most valuable gaming NFT” by legal value.
NFTs have gained momentum in recent years, with various in-game tokens offering six-digit prizes.
CryptoKitties sold the collectible Dragon game for $ 172,000 in September 2018, just two months before Decentraland’s virtual land package sold for $ 215,000.