F1® Delta Time completes first crate sale, sells over US$364,000 worth of items

F1® Delta Time completes first crate sale, sells over US$364,000 worth of items

13 March 2020: The first official F1® Delta Time crate sale, held on 25 February to 9 March 2020, sold a total of 2,375 crates, including over 94% of top tier (Legendary) crates. The crate sale generated over US$364,000 (approx. A$555,000) and made F1® Delta Time the top blockchain game as ranked by 24-hour, 7-day, and 30-day trade volume on both DappRadar and Dapp.com.

Many of the F1® Delta Time digital collectibles are also trading on public marketplaces such as OpenSea, where F1® Delta Time became the second highest ranked DApp by volume on the platform (with the game’s goods generating trades of over 320 ETH or approximately A$100,000).

F1® Delta Time is currently holding a non-profit charity auction for the “Australia Edition 2020” car NFT at www.F1DeltaTime.com to raise funds for Australia’s bushfire recovery efforts.

Crates in F1® Delta Time are ERC-20 tokens and are available in 4 tiers: Common, Rare, Epic, and Legendary. Each crate contains 5 NFTs, including race cars, drivers, car components, driver gear, or tyres. The contents of crates are random, with cars and drivers being the rarest to obtain. Players can choose to open their crates, sell them to other players, or hold on to them for future use.

Each tier of crates has a limited supply, and the total numbers of crates sold are:

• Common Crates: 678 sold
• Rare Crates: 517 sold
• Epic Crates: 706 sold
• Legendary Crates: 474 sold

All unsold crates were destroyed and the NFTs inside these crates will never be available again.

Apex “China Edition 2019” car lucky draw
Players received “Car Tickets” for any crate purchase, and a total of 6,200 car tickets were issued during the crate sale. The more car tickets a player has, the higher the chance to win an Apex “China Edition 2019” car.

With over 2,000 crates sold, F1® Delta Time fans unlocked the “China Edition 2019 Vermillion Bird”, which is one of the unique cars from the “Four Guardians” collection and is of the highest rarity level Apex. A lucky draw will be conducted by 19 March 2020 to determine the winner of the car.

The first of the Four Guardians cars – “China Edition 2019 Azure Dragon” – was previously sold at auction for 91 ETH. The other two cars, named “White Tiger” and “Black Tortoise”, have been destroyed and are no longer available.

Staking NFTs to generate in-game currency 
In F1® Delta Time, cars are NFTs and will have the ability to generate REV through “staking”, with rarer cars generating higher amounts of REV. REV is an ERC-20 token and the primary in-game currency in F1® Delta Time.

When you choose to stake your car, you temporarily transfer ownership to F1® Delta Time and lose the ability to use, sell or trade that car, but you will earn REV based on the period of time that your car is staked. More information is available at https://medium.com/@f1deltatime/f1-delta-time-announcing-nft-staking-15f29b7c0b18.

F1® NFT auctions
F1® Delta Time has previously completed auctions of five unique and official Formula 1® NFTs of the Apex rarity level, starting with the landmark “1-1-1” digital car collectible that sold on 28 May 2019 for a record price of 415.9 ether (worth approximately US$113,000 at the time of sale); this was followed by the “Monaco Edition 2019”, “France Edition 2019”, “Japan Edition 2019” and “China Edition 2019 Azure Dragon” which sold for 387.11 ETH in total.

In addition, F1® Delta Time auctioned the first 10 official F1® team cars in the Pole Position Auction held from 28 November to 1 December 2019, which fetched a total of 121.5172 ether (worth approximately US$18,608 at the time of sale). The team cars were all of the Epic rarity level.

F1® Delta Time is currently holding a non-profit charity auction for the “Australia Edition 2020” car NFT at www.F1DeltaTime.com to raise funds for Australia’s bushfire recovery efforts. 100% of the proceeds from the auction will be split evenly between the NSW Rural Fire Service Association, WIRES (NSW Wildlife Information, Rescue and Education Service Inc.), and Australian Red Cross Disaster Relief and Recovery Fund.

#F1® Delta Time
F1® Delta Time is a blockchain game licensed by Formula 1®, developed and published by Animoca Brands. The game consists of a collectible component based on NFTs as well as a racing component utilising those NFTs. The collectible component is available now, and the racing component will launch later in 2020. For more information please visit www.F1DeltaTime.com or join the official Discord channel at https://discord.gg/s6wn7dk.