F1® Delta Time crate sale held between February 9 and 9 March boasted a sale of over 2,375 crates which in turn generated over US$364,000(Approximately A$555,000). The DApp also ranked as one of the top blockchain games within the 24-hour, 7-day and 30-day trading volumes ranges on both DappRadar and Dapp.com
What is F1 Delta(You may ask)? F1 Delta 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.
The DApp’s digital collectables can also be traded on public marketplaces such as OpenSea, where F1 Delta Time became the second highest ranked DApp by volume on the platform,raking a in a wopping trading value of over 320 ETH or 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.
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.
Crates in the game are ERC-20 tokens and available in 4 tiers: Common, Rare, Epic, and Legendary. Each crate typically contains 5 NFTs, inclusive of race cars, drivers,car components, driver gear, or tyres. The contents of crates are random, cars and drivers are among the rarest to obtain. Players can choose to open crates, sell them to other players, or simply hold on to them for future use.
Each tier of crates has a limited supply, the number 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 NFTs inside will never be available again.
Purchasers of these crates also receive “Car Tickets” with a total of over 6,200 available car tickets issued during the crate sale. Therefore the more cars, the more tickets a player has and hence the high chnace that player has to win the Apex “China Edition 2019” car.
Over 2,000 crates were sold, lucky F1 Delta Time fans were made eligible to win the unique “China Edition 2019 Vermillion Bird”, the rarest Apex level car and from the “Four Guardians” collection. This lucky winner will be ditermined during a draw to be conducted by the 19 March 2020.
The DApp also allows players to offer thier cars (actually NFTs) up for taking which allows for the generation of REVs. The rarer the car, the higher the REV amounts generated. Rev is an ERC-20 token and the games primary in-game currency.
A car that has been stake has its ownership temporarily transfered to F1 Delta Time and loses the ability to use, sell or trade that car. These lost benefits are however largely forgiven when the fact that you are rewarded REVs based on the period of time the car is staked comes into play.