A licencing agreement with the Formula E electric single-seater car racing championship has been announced by Blockchain gaming company Animoca Brands to develop a blockchain-powered motorsports game with non-fungible tokens (NFTs).
As an in-game currency, the Formula E game will use Animoca’s REVV utility token. For Animoca’s F1 Delta Time title, and the upcoming MotoGP game, REVV is also used as an in-game currency.
Formula E was designed by the Federation Internationale de l’Automobile (FIA)’s Jean Todt in 2011 and made its worldwide debut in Beijing in 2014. Each season, the organisation now holds 14 races in 12 cities across five continents, with the championship attracting a 411 million seasonal audience.
Formula E ‘s sixth championship resumed on Aug. 5 in Berlin after the current season was suspended due to the coronavirus pandemic.
With blockchain-powered gaming ecosystem developer Enjin announcing that it’s partnered with Canadian gaming studio Skymarch to launch three unique titles that use non-fungible tokens to reinforce core gameplay, Nov. 6 was an excellent day for NFT announcements.
“Crystals of Fate, a collectible cards with a” real-time combat system. “Zeal, a player-versus-player-focused action-RPG, and therefore the Galaxy of Lemuria. An MMORPG for survival-crafting, are the forthcoming games.
Aave announced partnership Axie Infinity
And Aave also announced a promotional partnership with blockchain-powered “digital pet universe” Axie Infinity for the major decentralised finance (DeFi) protocol. “Aave will sponsor the upcoming” Axie Community Alpha “season, putting up AAVE worth 4,000 for players to win. While stakers with at least 0.65 AAVE locked up can claim before December 6 a” limited edition Aave-themed NFT.
“A “rare” wave of “Premium Pack” collectible NFTs has also been launched by Dapper Labs’ NBA Top Shot. Within 90 minutes of the tokens going on sale, 1,203 of 3,411 packages were sold. With each pack priced at $24 each, Top Shot has already sold tokenized basketball “moments” worth almost $300,000.
According to DappRadar, 2020 has seen NFTs increase in popularity. With the five largest Ethereum-powered NFT marketplaces pushing more than $1 million in daily volume during October.
NFT revenues have since declined, with $263,000 in daily trade being driven by the top five markets.