F1 Delta Time, one of the first NFT games, is closed

Just as there is excitement around what happens in Metaverse, NFT and cryptocurrency, there is also disturbing news. It’s off F1 delta time One of them. Created by Animoka Brands In 2019, the game announced its confirmed closure on March 15 via a Twitter post: “We are deeply saddened that F1 Delta Time will cease to operate from March 16, 2022.”


Animoka Brands

The game worked with Ethereum cryptocurrency which, when converted into REVV tokens (created by Animoca), could be used to acquire and redeem NFTs for cars, drivers and equipment.

The same tweet explained that the reason for the closure of the license Formula 1 Not renewed: “Although we have not been able to renew our licenses, we will ensure that current owners of F1 Delta Time assets are rewarded. For their loyalty and support. “

In response to complaints from users who invested in NFT while the game was running, the company announced plans to compensate them through other blockchain-based car games they developed. REVV Motorsport (Animokar Car Games Division): “We’re taking steps to offer gamers and digital property owners a way to participate in the larger REVV motorsport ecosystem, including MotoGP, Ignition, Formula E: High Voltage, REVV Racing and Torque Drift.”

The problem with license-based NFT games is that if licenses are not renewed, digital assets are immediately devalued. Explained by user tasos_crypto REVV responds on Twitter: “So you can repurchase our NFTs for the price we paid for them because you made them useless in a tweet …”

Users who bought NFT from this game have seen how their investment evaporates overnight.

At the time F1 Delta Time was a success; In fact, The most expensive NFT sold in 2019 A car that has reached $ 110,000 for this game. Call 1-1-1 Go digital with diamonds.

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