Blockchain gaming company Animoca Brands has announced a licensing agreement with the Formula E championship for electric single-seater car racing to develop a motorsport game powered by blockchain and non-fungible tokens (NFTs).
The Formula E game uses Animoca’s REVV utility as the game currency. REVV is also used as in-game currency for Animoca’s F1 Delta Time title and the upcoming MotoGP game.
Formula E was conceived in 2011 by Jean Todt from the Federation Internationale de l’Automobile (FIA) and celebrated its worldwide debut in Beijing in 2014. The organization now hosts 14 races in 12 cities on five continents per season with a seasonal audience of 411 million.
After the current season was interrupted due to the coronavirus pandemic, the sixth Formula E championship was resumed on August 5th in Berlin.
November 6th was a big day for NFT announcements. Blockchain-based gaming ecosystem developer Enjin announced that it has partnered with Canadian gaming studio Skymarch to release three unique titles that use non-fungible tokens to enhance core gameplay.
The upcoming games include Crystals of Destiny, a trading card game with a “real-time combat system”. zeal, a player-versus-player focused action RPG, and The galaxy of Lemuria, an MMORPG for survival.
DeFi-Protokoll (Major Decentral Finance) Aave also announced an advertising partnership with the blockchain-based “Digital Pet Universe”. Axie Infinity. Aave will sponsor the upcoming “Axie Community Alpha” season and win 4,000 worth of AAVE to players, while stakers with at least 0.65 AAVE can apply for a “Limited Edition Aave-themed NFT” before December 6th.
Dapper Labs NBA top shot has also launched a “rare” wave of “Premium Pack” collectible NFTs. 1,203 of 3,411 packs were sold within 90 minutes of the tokens being sold. With a price of US $ 24 each, Top Shot has already sold symbolized basketball moments worth nearly US $ 300,000.
In 2020, the popularity of NFTs has increased. According to DappRadar, the five largest Ethereum-powered marketplaces for NFTs reached a daily volume of more than $ 1 million in October.
NFT sales have since declined, with the top five marketplaces trading $ 263,000 daily.