F1 Delta Time’s departure could have significant consequences for NFT games.

F1 Delta Time was one of the first licensed NFT games when it launched in 2019. However, Animoca Brands announced on March 15 that it was closing, and the game quickly spun off track. Based on Ethereum bitcoin, the game offered the option to convert to Animoca’s REVV tokens to buy NFT-based in-game items (cars, drivers, that sort of thing).

The game is not very well known, but it has legalised the play-to-earn model, the idea of earning with a game, and in 2019, it also had the highest NFT sale when a jewel-encrusted car called 1-1-1 was sold for over $100,000 in Ethereum. But what is the reasoning behind the closure? The answer is very prosaic: F1 Delta Time has lost its F1 licence, meaning Liberty Media doesn’t want to do much business with the NFTs…

Animoca revealed via the REVV Motorsport Twitter account that F1 Delta Time would cease to exist from March 16, so the game has gone to the wall pretty quickly. Its NFTs have disappeared into the digital ether because they no longer exist! Of course, the developers are trying to compensate players with tokens that can be used in their other racing games. They will receive compensation cars, Race Passes, or Proxy Assets, which “will be used in the future to obtain NFTs to products across the REVV Motorsport ecosystem.”

The gesture is appreciated, but isn’t the purpose of NFTs to maintain the security and permanence of a digital object? In principle, they aim to say that this thing exists with a uniquely attributed value. And Animoca shows the opposite of this thought by portraying its act as something like, “oh, but these NFTs are replaceable”. What would it look like if a painting in a museum caught fire and the museum owner suddenly pulled out the same artwork from his collection?

So for NFTs, security is not very present in the future…

Source: PCGamer