Formula One

Formula 1 To Develop Blockchain Game With Animoca

By Taruka Srivastav | March 27, 2019

Formula 1 has agreed a global licensing deal with Animoca Brands Corporation Limited to develop and publish a blockchain game – F1 Delta Time.

As part of the licencing agreement, Animoca Brands will assist in driving fan engagement by developing and publishing the new blockchain game.

The game will have a collectible component based on non-fungible tokens (NFTs) as well as a racing component utilising those NFTs. The first phase of the game, featuring NFTs based on Formula 1 intellectual property, will be launched on  May 10, 2019.

Animoca Brands Co-founder and Chairman Yat Siu said: “Securing a partnership to make blockchain games with Formula 1 – one of the most recognised brands in sport – is a notable achievement. We will leverage Formula 1’s considerable global reach to drive product uptake and revenue growth as together we seek to increase consumer exposure to blockchain.”

 

Formula One