On Tuesday blockchain games developer and investor Animoca Brands announced that it would be ceasing operations of play-to-earn racing and collecting game F1 Delta Time. The company had been unable to renew its license with the Formula 1 motorsport league.
Launched in 2019, the Ethereum-based game allowed its players to buy and trade collectible non-fungible tokens (NFTs) including cars, accessories, and drivers. Ethereum utility token REVV was used as in-game currency to purchase NFTs and buy entry to different game modes.
“It is with deep regret that we announce that F1 Delta Time will cease operations on 16 March 2022,” said Animoca’s motorsport games platform REVV Motorsport on Twitter. “While we have not been able to renew our license, we will ensure that current owners of F1 Delta Time assets are rewarded for their loyalty and support.”
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