Someone Just Bought a Virtual Race Car for $110K in Ethereum (ETH)

The 1-1-1 (Animoca Brands / YouTube)

Waves went through the crypto gaming community this week after an anonymous gamer made a major purchase during the pre-sale for F1 Delta Time, a racing game that leverages non-fungible tokens (NFTs).

According to the game’s website, someone picked up a limited edition race car for a whopping 415.9 ether (ETH) — worth $110,600 at the time.

The purchase harkens back to 2017, where collectors were purchasing virtual cats in CryptoKitties for tens and even hundreds of thousands of dollars. However, there is some speculation as to the validity of the transaction, with some on social media claiming that the purchase was made by an F1 Delta Time insider to boost interest in the project.

Other blockchain-based games have had similar levels of interest from users likely hoping to become early adopters in the next big thing. At the end of April, one NextColony user bought several planets for more than $3,000 each in a presale auction.

The ‘1-1-1’ (F1 Delta Time)

F1 Delta Time will include a racing component that leverages the NFTs built on the ERC-721 and ERC-20 standards. The game centers around the collection and trading of unique Cars, Drivers and Components

The ERC-20 tokens will function as a currency in the game and will be used to pay entry fees and purchase certain items.

Referenced: NextColony Sells the Most Expensive Collectible to Date on Steem
Similar: Animoca Brands Partners With Formula 1 to Develop a Blockchain Racing Game

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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