F1® Delta Time is set to cease operations by 11:59 PM PDT on the 16th of March. This is due to Animoca Brands not being able to renew its licence. Despite this setback, the blockchain gaming outfit will continue to offer players other ways to participate in the REVV Motorsport ecosystem.
It is with deep regret that we announce that F1® Delta Time will cease operations on 16 March 2022. 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. https://t.co/fil0O8krOe
— Animoca Brands (@animocabrands) March 15, 2022
History of the F1® Delta Time
It all began in 2019 when the 1-1-1 became the most valuable virtual car and the highest priced NFT. This feat turned heads and the GameFi community began looking at F1® Delta Time. 2020 saw the introduction of Time Trial and Grand Prix game modes. Since then, players have won no less than 13,000,000 $REVV tokens.
Alongside the launch of these aspects of gameplay, the $REVV token was also listed on numerous cryptocurrency exchanges in 2020. By 2022, F1® Delta Time cars became the two most valuable virtual cars. These cars set their personal records one day apart from each other. Over the three years of its existence, the game recorded significant achievements. More importantly, it had an amazing community supporting its innovative blockchain project.
What the Future Holds for Players
Up until 12 midnight on the 16th of March 2022, players will be able to play F1® Delta Time Grand Prix and Time Trial modes. Moreso, they will win $REVV, and earn SHRD tokens until the last moment of the game’s operations. Despite the setback, the REVV Motorsport ecosystem will continue to thrive. Animoca already has plans in place to ensure that players do not experience any loss. One of its plans is to provide users with replacement cars.
These cars will be equivalent to the ones they currently have. It will be on the Polygon chain and have similar rarity and power. Also, users will also be able to swap their car NFTs for a Race Pass. They can use these passes to participate in staking, NFT mints and airdrop events. This will come in Handy in the staking v4.0, which has a reward pool of 20 million $REVV tokens. It is not just virtual car owners that will get rewards.
Event Segment owners will get rewards for the next 6 months or swap them to Track Vouchers. These vouchers are redeemable for a REVV Motorsport track NFT in the future. As for 2019 Crates and 2020 Keys, users can bridge them. After the bridging, they can stake these assets into a SHRD earning pool on Polygon. Any other F1® Delta Time NFT not listed above will be swapped for Proxy Assets. Players will be able to use them to obtain NFTs for products across the REVV Motorsport ecosystem.