Tech

F1 Delta Time NFT holders left with almost worthless tokens after the game closed

facepalm: Another warning about the dangers inherent in NFTs is that the non-fungible token-based game just shut down three years after launch, leaving those who spent hundreds, thousands and even hundreds of thousands of dollars on F1 Delta. Time is left with virtually worthless digital assets.

Kotaku reports that F1 Delta Time was one of the first licensed NFT/Blockchain games when it came out in March 2019. At a time when many people had not heard of non-fungible tokens, the name generated a lot of interest, offered an official F1 license and promised users the ability to “play to earn”. It even held the record for selling the most expensive NFT in its launch year: an in-game car that cost over $100,000.

But for all its bragging rights, the gameplay video below doesn’t scream quality. It also has a “Poor” rating with a total of 2.8 stars. review site.

Three years after the arrival of F1, Delta Time closes due to the expiration of the F1 license, which was not renewed. Publishers Animoca Brands said owners of digital assets used in the game will be “rewarded for their loyalty and support.”

But instead of exchanging NFTs for cryptocurrencies, owners can exchange them for tokens used in another racing game. The person who paid $300,000 for an F1 Delta Time NFT is unlikely to be pleased.

The vast majority of people who do not use or own NFTs tend to be opposed to them, especially when it comes to integrating them into games. Ubisoft has faced numerous protests against its Quartz program, for which it seems to blame gamers themselves, while NFTs set to be used in Stalker 2 have been removed due to backlash.


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