Animoca Brands sells ~$9.28m of NFTs in three days for F1® Delta Time and The Sandbox
16 April 2021 -- HONG KONG -- Animoca Brand announced today that its two sale events of non-fungible tokens (NFTs) for the blockchain games F1 Delta Time and The Sandbox have generated the equivalent of approximately US$9.28 million on 14-16 April 2021.
The two sales included the sale of 300 Epic tier segments of six official Formula 1® events in the game F1® Delta Time, and the sale (in progress) and auction of various premium LANDs and ESTATEs in the game The Sandbox.
The Sandbox Innovators LAND Sale (in progress): $5.9m
The Sandbox is currently holding its Innovators LAND Sale, a sale and auction event that started on 14 April and will end on 21 April. In the first two days of the sale, the Animoca Brands subsidiary sold 1,206 Premium LANDs and 13 ESTATEs in direct sales for 5,760,122 SAND, and it sold 19 ESTATEs at auction on OpenSea for 2,918,451 SAND. The grand total generated thus far by this sale event is 8,678,573 SAND, worth approximately US$5.9 million at time of writing.
There are currently 668 Premium LAND NFTs still available for purchase at https://www.sandbox.game/en/map/ until 21 April at 1 p.m. (UTC).
In The Sandbox virtual world, real estate is represented by NFTs called LAND and ESTATE, which are digital spaces of various sizes in specific locations on the game world map. Players and creators in The Sandbox use these digital spaces to build and monetize their own game experiences collaboratively and without central authority on the Ethereum blockchain. The Sandbox previously announced sales of virtual property to a diverse set of holders including Atari, Shaun the Sheep, Tyler Winklevoss, Nifty Gateway, and Galaxy Interactive, among several others.
F1 Delta Time Epic Event Segments sale (ended): $3.38m
On 14 April 2021, F1® Delta Time launched a direct sale for 300 Epic tier segments of six official Formula 1® events. The sale sold out within one and a half hours and raised 9,900,000 REVV, worth approximately US$3.38 million at the time.
In F1® Delta Time, official Formula 1® events are divided into multiple segments and rarity, and each individual segment is an NFT. Event segments provide passive rewards to their owners in the form of REVV tokens (learn more about REVV in this video), with every race in that event contributing to rewards. Events are grouped in four tiers of descending rarity and power: Apex, Legendary, Epic, and Rare. The tokenomics of event segments are available at this official post.
About Animoca Brands
Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, gamification, and artificial intelligence. Animoca Brands develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Its portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include The Sandbox, Quidd, Gamee, nWay, Pixowl, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.