F1 Delta Time, an NFT game based on the Ethereum blockchain by Animoca Brands, announced that it will cease operations on March 16, 2022. The reason was that the company was unable to renew its license with the racing league.
F1 Delta Time is the first PC browser blockchain game released by Animoca Brands in 2019, officially authorized by F1. Users can buy and sell racing car parts NFT, assemble their favorite cars, participate in races and collect NFT parts, and more.
In the official NFT sale held in May 2019, the racing machine 1-1-1 was sold at a price of 415.9 ETH (the current price was about 104,000 US dollars, and the current price was about 1.11 million US dollars), and it was the most expensive NFT at that time. focus on.
According to DappRadar, the F1 Delta Time NFT collection has over 1,800 users and over 40,500 assets. Over the past 90 days, the project has traded over $110,000. The other day, someone paid 16,000 REVV ($1,627) for turbocharger auto parts. Money-making race team MetaKovan, started by Indian NFT investors, added to their collection of F1 Delta Time NFTs just 2 days ago with a $2,000 worth of car parts NFTs.And the whereabouts of these NFTs has become the focus of everyones concern。
In response to this, the official announcement of Animoca Brands stated that these NFT holders will be provided with the following options:
All F1 Delta Time owners are provided with a replacement car, equivalently converted in REVV Racing (based on Polygon) based on the rarity and power of the original F1 Delta Time car.
It is also possible to exchange the F1 Delta Time car for a Race Pass, which can be used to stake and receive future NFT minting and airdrops.
New REVV Racing assets can be used with Race Pass to participate in future staking events.(Reward pool: 20 million REVV.)
Event Segment owners will be rewarded for 6 months with the option to redeem Track Vouchers, which can be redeemed for REVV Motorsport track NFTs in the future.
2019 Crates and 2020 Keys can be bridged and mortgaged into the SHRD income pool on Polygon.
All other F1 Delta Time assets can be exchanged for proxies.
In addition, this incident has also aroused extensive discussions among netizens. Some people think that Animoca Brands does not seem to pay attention to F1DT, or their attention is distracted by Sandbox. But in general, F1DT never got enough support from Animoca Brands.
At the same time, we also found that in the official Discord group, there is not much discussion on F1 Delta Time, and there is very little information about F1 Delta Time, and more complaints about the slow development of F1 Delta Time.
One of the users said: For a long time I thought REVV Racing got all the attention and F1DT and MotoGP were an afterthought and lower on the priority list. I suspect its because RR is more profitable because No need to worry about licensing/profit sharing. My guess of course, but Ill never understand why development is so slow/non-existent.
The user chose F1DT as his first NFT game because it was the only game officially authorized by F1.
The influence of IP in the market is indeed amazing, and many blockchain projects are also willing to cooperate with well-known IP, which can help them attract more users to a certain extent. However, when the IP license is not renewed, the product itself needs to be revoked, which has a huge impact on the product itself.This F1DT incident also sounded the alarm for project parties and users who are doing similar things.
In addition, for F1DT, problems such as insufficient developers and lack of funds have long been exposed, which is why the development of the game has stagnated. Therefore, even if there is a well-known IP as a foil, the project itself will not actively output and cannot bring more game content and gameplay experience to players, and it will also go downhill.
Therefore, when players choose NFT games (especially when it comes to investment), they must also actively participate in and understand the development and use of the project in order to reduce blindness.
