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Today four NFT-operated “Formula E” racing titles were announced

November 6, 2020

Blockchain gaming company Animoca Brands has announced a licensing agreement with the Formula E championship for single-seat electric car races to develop a blockchain-powered motorsport game with non-fungible tokens. (NFTs).

The Formula E game uses Animoca’s REVV utility as the game currency.or. The REVV will also be used as in-game currency for Animoca’s F1 Delta Time titles and the upcoming MotoGP game.

Formula E was conceived in 2011 by Jean Todt from the International Automobile Federation (FIA) and celebrated its world premiere in Beijing in 2014. The organization now hosts 14 races in 12 cities on five continents per season and the championship attracts an audience of 411 million people.

Today four NFT-operated “Formula E” racing titles were announced
Today four NFT-operated “Formula E” racing titles were announced

After the interruption of the current season due to the coronavirus pandemic The sixth Formula E championship resumed on August 5th in Berlin.

November 6th was a great day for NFT announcements. the developer of the blockchain-based gaming ecosystem, Enjin announced that it is connected with to release three unique titles with Canadian game studio Skymarch that use non-fungible tokens “to improve the core of the game”.

Upcoming games include Crystals of Destiny, a trading card game with a “real-time combat system”, zeal, an action role-playing game that focuses on player versus player, Y. The galaxy of Lemuria, a survival MMORPG.

The important decentralized financing protocol (DeFi) Aave also announced an advertising partnership with the “Digital Pet Universe” Axie Infinity, which is powered by a blockchain. Aave will sponsor the next season of the “Axie Alpha Community” and provide the equivalent of 4,000 AAVE for players to win, while players with at least 0.65 AAVE blocked can claim a “Limited Edition Aave-NFT” December 6th.

Dapper Labs NBA Top Shot has also released a “rare” wave of “Premium Pack” collectible NTs. 1,203 of the 3,411 packages were sold within 90 minutes of the token sale. Each package costs $ 24 Top Shot has already sold nearly $ 300,000 in iconic basketball moments.

In 2020, the popularity of NFTs has increased;; The top five markets for NFTs are powered by and have the Ethereum $ 1 million According to DappRadar in October in daily volume.

NFT’s sales have since declined. The five largest markets fetch $ 263,000 a day.

Weekly volume for NFT’s top games and markets: NonFungible

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