F1® Delta Time launches second round of NFT staking, allowing players to earn REVV
22 February 2021: Animoca Brands announces that its blockchain game F1® Delta Time has started the second round of non-fungible token (NFT) car staking on the game’s website at www.F1DeltaTime.com. Players can now stake their official Formula 1® 2019 season race car NFTs to earn REVV tokens from a total pool of 2,000,000 REVV, worth approximately US$280,000 as of the time of writing.
Simultaneously, a special F1® Delta Time Grand Prix™ competition allows players to compete for NFTs and REVV prizes. This special racing event runs until 28 February 2021, with details available at https://medium.com/@f1deltatime/grand-prix-mode-staking-release-event-4a27d0325a1b.
REVV is the ERC-20 main utility token and in-game currency for branded motorsports blockchain game titles produced by Animoca Brands, including F1® Delta Time and two upcoming titles based on MotoGP™ and Formula E (more information on REVV is available at this video).
In F1® Delta Time all cars are NFTs that have the ability to passively generate REVV through staking, with rarer cars generating higher amounts of REVV. When players stake their cars, they temporarily transfer the ownership of the cars to F1® Delta Time. Players are not able to trade, sell or use car NFTs while they are staked, but instead receive REVV calculated based on factors including the NFT’s rarity, length of staking, and other variables.
F1® Delta Time launched the first round of car NFT staking in September 2020 (refer to the announcement of 11 September 2020), and paid 2,040,000 REVV to players who staked their 2019 car NFTs in that event.
Details of Round 2 Staking
Between 22 February 2021 and 23 March 2021, F1® Delta Time is running Round 2 of car NFT Staking at www.F1DeltaTime.com. Players can stake their 2019 Season Car NFTs to earn REVV from a total pool of 2,000,000 REVV.
To take advantage of staking, new players must use F1® licensed 2019 season race car NFTs (available for purchase on OpenSea). There are 5 rarity levels for cars in F1® Delta Time: Apex, Legendary, Epic, Rare, and Common. Apex cars are the most rare and valuable, and can generate the most REVV when being staked.
More details about Round 2 Staking are available at https://f1deltatime.medium.com/the-second-round-of-2019-car-nft-staking-begins-on-22-february-2021-1a0aaad5d1d4.
F1® Delta Time
F1® Delta Time is a blockchain game licensed by Formula 1®, and developed and published by Animoca Brands. The game consists of a collectible element based on NFTs as well as different racing game modes, such as Time Trial and Grand Prix™ Mode, utilising those NFTs. For more information please visit www.F1DeltaTime.com or join the official Discord channel.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token and SAND token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, WWE, Garfield, Snoopy, Power Rangers, MotoGP™, Formula E, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. Subsidiaries include The Sandbox, Quidd, Gamee, and nWay. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.
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