Home News Blockchain Formula 1 Partners with Blockchain Startup to Launch Ethereum-based F1 Game

Formula 1 Partners with Blockchain Startup to Launch Ethereum-based F1 Game

March 28, 2019 13:32
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Want to experience the adrenaline rush of a motorsport game like F1 without even venturing out to the tracks or sitting in the car cockpit. If yes, then you can soon experience the world of Formula 1 in your home.

Formula One, one of the most attractive motorsports in the world with a wide fanbase globally has partnered with a blockchain startup, Animoca Brands to launch F1 racing video games on Ethereum blockchain. Animoca Brands have stated that they have obtained all the necessary licensing agreement to develop and launch the blockchain game “F1 Delta Time”.

As per the release, the blockchain game will feature a non-fungible token (NFTs) based on Formula One intellectual property and is slated to be released on 10th May 2019. The NFTs will be based on ERC-721 token standard and the game will focus on collection and trading on unique cars, drivers and components.

Yat Siu, Co-Founder and Chairman of Animoca Brands said:

“We will leverage Formula 1’s considerable global reach to drive product uptake and revenue growth as together we seek to increase consumer exposure to blockchain.”

“We’re currently focused on building the core of the game itself. The full Delta Time game is made of several parts, and our primary target initially is to make sure this core is a fun experience.”

Formula One’s parent company Liberty Media has not issued any statement on the partnership and at this stage, its still unclear, whether the partnership is only restricted to branding or its much deeper. But, this is the first time that any big names are getting associated with the blockchain gaming segment, which of course is a very positive development.

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