At the end of May, F1 Delta Time auctioned off the world’s first Formula 1 NFT: the ‘1-1-1’ - a one-off sleek diamond-encrusted racing car that sold for an incredible 415.9 ether (worth around £90,000 at the time of sale). The F1 Delta Time 70 Anniversary Edition race car is unique and one of its kind, making it one … The game is based on the famous racing series. 3. The “70th Anniversary Edition” NFT is a unique race car to celebrate the Formula 1 2020 season, which was the 70th anniversary of Formula 1. The auction marks the end of the Formula 1 2020 season and the 70th year of the Formula 1 in general. These NFTs are rare since only one of each event will ever exist. In 2019 Animoca Brands Corporation secured a global licensing agreement with Formula 1. This winning bid represents one of the highest sums ever paid for a game-based non-fungible token (NFT) or virtual asset, and the highest price for a branded game NFT. An anonymous player bought this virtual racing car for a staggering 415.5 ETH. Another NFT is a Formula 1 car on the F1 Delta Time game, more specifically the 1-1-1 model. As of today, such an amount of ETH is worth approximately $665,000. It was to develop and publish F1 Delta Time which is a blockchain game. The 1-1-1 is the first digital car to be released for the upcoming F1 Delta Time blockchain-based game. Formula 1® Epic Event segments sale Starting on 14 April 2021 at 8 am (UTC), F1® Delta Time will be holding its first Epic Event Segment Sale at www.F1DeltaTime.com. In December 2020, F1® Delta Time’s Apex event segment auction of the Formula 1® Grand Prix de Monaco 2020 snapped up the #1 spot for the most expensive NFT sold that year with a sale price of 9,081,752 REVV (approximately … Read more 23 March 2021 / NFT Crypto.com Launching NFT Platform With Exclusive Content From Aston Martin Cognizant Formula OneTM, Axel Mansoor, BossLogic, Boy George, KCamp, KLOUD, Klarens Malluta with Lionel Richie, Mr. Brainwash, OPUS, Snoop Dogg, and More Non-Fungible Tokens are set to radicalize how value interoperates across the digital landscape of media in the new Web 3.0 version of the internet. In addition they are selling 800 rare Formula 1 2020 event segment NFTs. The major player in the sports scene signed a licensing agreement with Animoca brands. For example, the first authorized NFT that represents a Formula 1 car was sold for $113,124. At the time of purchase, it was over $110,000. The “70th Anniversary Edition” NFT is a unique race car to celebrate the 70th anniversary of Formula 1®. Unlike other F1® Delta Time assets, there are no multiple seasons with these. Formula 1 – Animoca Brands NFT Partnership. The second way is to resell NFTs that were previously owned by people who are influential. That’s one of the highest figures ever gleaned by the sale of an NFT. Official Formula 1 NFT sold for 415.9 ETH, ($120,000 equivalent) Just a little bit earlier, in May 2018, a crypto-collectible originally minted by Animoca Brands was sold again for an astonishing $120k worth of Ether, for the sole reason that it was a 1 of 1 digital representation of an original Formula 1, called F1 NFT. This car represents the long and proud history of Formula 1®, which has seen decades of innovation combining the very best of technology and engineering with the pinnacle of teamwork. The 1-1-1 is the very first official Formula 1® non-fungible token. 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