A segment of a race track in F1 Delta Time, a non-fungible token-powered motorsports game from Animoca Brands, has been auctioned off for more than 9 million of the company’s REVV tokens, worth approximately $222,000. Animoca says it’s a record price for an in-game NFT.
The token, “Formula 1 Grand Prix de Monaco 2020 1A” was auctioned on NFT marketplace Open Sea, with bidding taking place from Nov. 29 until Dec. 2. The token offers its owner an “Apex” share in the game’s Circuit de Monaco track.
Congratulations to @MetaKovan and the @metapurse proud owners of the @F1DeltaTime 1-1-1 and now the A-1 track which sold for a record breaking 9 million $REVV (approx. 222k USD) and runner-up @TonyGuoga Super Fast Team! @REVV_Token @twobadour https://t.co/lNFRL9B9Ro
— Yat Siu (@ysiu) December 2, 2020
Similar to the way users can buy virtual land in Decentraland or The Sandbox, F1 Delta Time’s in-game tracks are fractionally tokenized for sale to the game’s players — with…