NFT F1 Delta Time game has been discontinued. In previous years, it sold NFTs, some of which cost the equivalent of several hundred thousand euros. Players who have invested now find themselves without support and have a replacement in a very different game.
What kind of game is it? Delta Time was an officially licensed Formula 1 racing game. The game started in 2019 as one of the first NFT games ever. For example, players could invest in racing cars to race from above.
On March 15, 2022, Delta Time announced in a statement that service would be discontinued beginning March 16. According to the statements, the license could not be renewed and therefore no longer continues.
The game therefore stopped overnight and the players had only one day to respond. If you don’t know exactly what NFT and crypto gambling is, you can find out more in our special:
NFT is the new trend in gaming, companies are worth billions of dollars – but why?
What are these NFTs? In 2019, Delta Time was already selling NFTs for 415.9 Ethereum, equivalent to more than 102,000 euros at the time (via decrypt.io). However, the prices continued to climb over the months and years.
According to racefans.net, in March 2021, a record price of more than 262,000 euros was reached with a single NFT. At that time, however, proceeds went to an Australian fire disaster donation fund.
Compared to some NFT bricks, which are worth much more, the cars were probably still relatively cheap. However, players now have few, after all, the base is missing.
NFTs at 260,000 euros simply trade
What happens to NFTs? Basically, all cars still belong to the players. After all, the premise of NFTs is that people actually own their digital items.
It remains to be seen how the market for these NFT vehicles will evolve. A total loss of value for investors would be possible. But in the speculative NFT environment, further increases in value would also be possible – even if the vehicles can no longer be used.
Are the players losing everything? Delta Time operators promise players “spare cars” for another game: REVV Racing. If players want to trade their NFTs, there is an offer to do so.
Compensation is meant to be based on the original rarity and power of the corresponding Delta Time car.
These can be exchanged for a “Race Pass”. Players should be able to trade or bet with these. Among other things, they have the option of receiving REVV – an in-game cryptocurrency on the Polygon blockchain.
Players can trade from April 30 to July 31, 2022. However, prices at REVV Racing vary widely.
On the OpenSea.io platform, there are offers for 100 trillion ETH (equivalent to 321 trillion euros), but they should not be taken seriously. The highest price for the otherwise most expensive cars is around 1,000 ETH (about 3.2 million euros). However, most offers are for 100 ETH and below.
Since 2021, NFTs and crypto games have been a growing trend that has been heavily criticized again and again. Maik Schneider, author of MeinMMO, doesn’t think that’s fair:
Harsh criticism of NFTs in games is unfair – they’re more than micro-transactions