It’s the last day to enjoy the blockchain racing game. Three years after its launch, licensed Ethereum-based game F1 Delta Time is shutting down on March 16. Animoca Brands expresses its deep regret over the game’s fate. Hoping to appease users, it ensures F1 Delta Time asset owners will receive replacement NFTs for another racing game.
Formula 1 vs Animoca Brands
According to Animoca Brands, F1 Delta Time has “not been able to renew” their license with Formula 1. The sports league was among the first to enter the blockchain space in 2019, way before the great NFT awakening of 2021.
Apparently, only about 1,800 unique wallets currently hold NFTs from the game, according to F1 Delta Time’s OpenSea profile page. Still, the big question comes to mind. What will happen to the user-owned NFT assets after the game license expires?
Hoping to appease NFT holders, Animoca Brands will offer replacement NFTs via another of its blockchain racing games. The company assures players new opportunities within the bigger REVV Motorsport ecosystem.
Animoca Brands’ Options for F1 Delta Time Users
One consolation for all F1 Delta Time car owners is to receive Replacement Cars. These will be equivalent cars for REVV Racing on Polygon. The kind of replacement car users receive will depend on their original car.
Another option is to swap the virtual cars for a Race Pass. A race pass gives the user access to future NFT mints and airdrops. It’s also for staking.
Meanwhile, if you own an Event Segment, Animoca Brands will give you 6 months of rewards. You will also have the option to swap for Track Vouchers. In the future, you’ll be able to redeem these vouchers for a REVV Motorsport track NFT.
If you have 2019 Crates and 2020 Keys, you can bridge and stake them into a SHRD earning pool on Polygon. Finally, the rest of the F1 Delta Time assets can be swapped for Proxy Assets. These assets will be useful in the future, especially for getting NFTs across the REVV Motorsport metaverse.
A Lesson for NFT Game Investors
Had F1 Delta Time been without significant backing, it would have disappointed its virtual racers and supporters. The fact may open many minds about the future of NFT game investing. In reality, there are risks involved in IP license issues, and projects could cease just because of an IP holder’s decision.
On a lighter note, Animoca Brands has done well in providing options for F1 Delta Time’s NFT holders. They made a good move in transitioning players to REVV Racing. At least this time, it’s an unlicensed driving game running on Polygon.
The earliest NFT adapters made sizable bets on F1 Delta Time. From a financial perspective, it may be hard to say goodbye to one of the first notable crypto games ever. If there’s ever an exception, maybe it’s those investors who made sure they had a backup plan.
The real melancholia is on players who must’ve stayed up all night racing their hearts out. Imagine doing that for three years, only to find their favorite game abruptly taken from them. Who knows if they’ll still choose to race with a metallic vehicle? Maybe riding and racing a Pegaxy would be more worthwhile.
For these very players, Animoca Brands will hold up the game in its last few moments. F1 Delta Time racers can still play the Time Trial and Grand Prix modes, win REVV and earn SHRD tokens until then. They can have the time of their life “until the last moment of the game’s operations on 11:59 pm PDT, 16 March 2022.”