16/03/2022 Licensed Formula 1 Ethereum NFT Game is Shutting Down

Animoca Brands will give F1 Delta Time NFT holders replacement NFTs for REVV Racing and other perks after the F1 license expires.

The officially-licensed Ethereum F1 game is shutting down. Image: Animoca Brands
The officially-licensed Ethereum F1 game is shutting down. Image: Animoca Brands

Formula 1 was one of the first sports leagues to enter the blockchain space, with the launch of Animoca Brands’ F1 Delta Time game in 2019. But after three years, theEthereum-based game is ending.

Animoca announced the unexpected news today, revealing that the game will abruptly cease operations at the end of Wednesday. According toa blog post, the company had “not been able to renew our license” with the racing league. It’s unclear how many total players the game amassed—data from leading NFT marketplaceOpenSeasuggests that only about 1,800 unique wallets owned NFTs from the game.

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But F1 Delta Time’s sudden demise presents an interesting dilemma: What happens when a licensed crypto game ordecentralized app (dapp)—which has sold user-owned assets as NFTs to its players—is shuttered because of an IP holder’s decision?

In this case, Animoca Brands hopes to appease NFT owners by offering replacement NFTs in another of its crypto racing games, REVV Racing, as well as other perks and rewards within the wider gaming ecosystembeing built around its REVV token.

REVV Racing is an unlicensed driving game similarly built around NFT collectibles, and it runs onPolygon, a sidechain scaling solution for Ethereum. F1 Delta Time car owners will receive NFT cars in REVV Racing instead, for example, plus REVV Racing assets can be used to earn REVV token rewards in a new staking pool.

Beyond REVV Racing, other Animoca-developed games that use the REVV token include the licensed crypto games MotoGP Ignition and Formula E: High Voltage, as well as the unlicensed game Torque Drive from Grease Monkey Games.

F1 Delta Time was one of the first notable crypto games on the market, and early NFT enthusiasts made what were—at the time—sizable bets on the game.

For example, the pseudonymous investor MetaKovan (a.k.a. Vignesh Sundaresan) purchased the game’s single-edition “1-1-1” car in May 2019 for nearly 416 WETH (Wrapped Ethereum), worth about $113,000 at the time. It was the largest gaming NFT sale of the year. MetaKovan would go on to buy Beeple’s “Everydays: The First 5000 Days”for $69.3 million in March 2021.

In March 2021, Animoca also sold a “70th Anniversary Edition” car NFT for $265,000 worth of REVV tokens, and sold $1.8 million worth of in-game track segments for F1 Delta Time. Another NFT car in the game sold for $288,000 worth of REVV on the secondary market that month.

Arts

https://decrypt.co/95176/licensed-formula-1-ethereum-nft-game-is-shutting-down

Interesting NFTs
Cryptotipsfr Mint
Just Nothing
Genesis
JosĂ© Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Poem by Dainagon Tsunenobu, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Dainagon Tsunenobu, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the owner’s Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) “Kim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. “Everyone should install an LED wall in their house for NFT art.” says the artist. “ This is the future, and Mars House demonstrates the beauty of that possibility.” The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
The River of Emeralds
Golden conditions at one of my favorite locations in the Rockies. The light, the colors, the textures; what more can you ask for? I just loved the way this river flowed into the sunset and the mountains in the background. It's rare you find a scene as perfect as this one. But when you do, you have to take advantage of it.