Official Formula 1 NFT (non-fungible token) game F1 Delta Time has closed after its publishers, Animoca Brands, said their licence had not been renewed.
Some players of the game spent sums of up to £200,000 acquiring one-off F1 car models in a variety of liveries as well as other digital assets. Animoca said in a statement they will “ensure that current owners of F1 Delta Time assets are rewarded for their loyalty and support.”
F1 Delta Time was launched in March 2019. Two months later Animoca announced the first NFT sold for the game, known as 1-1-1, had been exchanged for 415.9 ETH, valued at £88,535 ($113,000). It was purchased by Vignesh Sundaresan, who uses the alias MetaKovan, and is reported to have spent tens of millions of dollars on digital artworks.
Later F1 Delta Time NFTs fetched higher prices, including one sold to raise funds for Australia’s recovery efforts from the 2020 bushfires, which was bought for £207,000 ($288,000).
However following the expiration of…