Ethereum-based racing game F1 Delta sells unique asset for $100,600

F1 Delta, a soon to be released blockchain-based game on the Ethereum network, recently released its first non-fungible asset: a racecar. It’s called the 1-1-1, there will never be another one, oh, and it just sold for $100,600 or 415.9 ether, according to CoinTelegraph.

The future of in-game assets

This price is the result of a four-day auction in which investors bid different amounts for ownership of the car. There were 31 bids, with user 09E282 winning at the end.

F1 Delta is in development by Animoca Brands, who have teamed up with Formula 1 to help promote the game. Here, players collect and race F1 cars against one another, with each car having specific boosts. In a way, you can look at it like each player will have their own unique car that won’t race like any other. They’ll have their own benefits and negatives that other players will have to counteract with their own. It’s a unique way of looking at customization that’s only possible with blockchain technology.

A basic explanation of non-fungible tokens via the game’s website:

“In-game NFTs consist of unique tokens that can be used in gameplay: Cars, Drivers and Components. A Car token can be improved by adding components such as engine blocks or turbochargers. Each token possesses its own set of stats that may affect the performance of the Car or Driver. These NFTs are limited; only a set number of each token will be created and made available to players. Tokens of higher rarities are drastically fewer in number, and as such, have higher value.”

A majority of cryptocurrency games are fairly basic, turn-based experiences. In fact, you could say that most of them are nothing more than a gamified online trading platform. However, technology is advancing so we can soon start seeing real-time games such as F1 Delta. We’re unsure of an exact release date, but the game is in development and should be out to us in a reasonable time frame.