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“Why I Spent $ 111,000 on an F1 Digital Car”

In May 2019 A non-fungible token representing the first F1 digital car to be minted for the F1 Delta Time blockchain game sold for a record price of $ 110,000. The auction winner was just getting in touch and revealing why he had bought the NFT.

The 1-1-1 Formula 1 car was the most expensive NFT sold in 2019 and developed for the officially licensed game. The unique racing car was produced in official cooperation with Formula 1 and marks a digital milestone. So far the buyer has remained anonymous.

Details about the buyer were disclosed in the Blockchain Gaming World Podcast and Animoca Brands, the blockchain game company that sold NFT and founded Delta Time, announced that the buyer was using the pseudonym “Metakovan”.

“Why I Spent $ 111,000 on an F1 Digital Car”
“Why I Spent $ 111,000 on an F1 Digital Car”

Metakovan[[[[@MetaKovan]]is an angel investor, entrepreneur, Ethereum whale, and NFT collector. During the interview with podcast host Jon Jordan, the investor found that it wasn’t even the most expensive purchase he had ever made He hasn’t taken the digital car out for a spin on the digital track yet. He said the brand and the auction piqued his interest;

“Having a branded NFT was one of the first things I noticed. But he didn’t know the company. […] I’ve seen this interesting bidding war unfold. […] When I saw the auction, I realized that something interesting was going on here. “

Explained that The attraction of NFTs to him is the uniqueness and history that come with themand added:

“I could have bought a real car for it. And that’s exactly what makes good stories at the end of the day. “

NFTs like the 1-1-1 with embedded gems can compete in-game and be used for staking to earn native REVV tokens.. In a tweet he explained why NFTs mean so much to him:

“The way art has flourished makes NFTs the perfect medium for cryptocurrencies. This is because NFTs were and are so much fun. From Urbit Galaxy to DeltaTime 111 from F1 through promising CV and DCL properties. As an NFT, I have gained experience, both complete and the seeds of future experience. “

The co-founder and President of Animoca Brands, Yat Siu, he loved the reveal::

“After almost a year and a half, we finally know Metakovan owns 1-1-1 and we couldn’t be happier.”

He added that art is not made famous by the artists themselves, but by collectors.. It is they who make the story grow and make it much more powerful and interesting.

The designer of the sophisticated 1-1-1 racing car, Ibrahim El-Mouelhy wrote a detailed personal account of the auction and the subsequent hunt for the owner. It turned out that the auction was set to wETH, which at the time was costing around $ 272.

The highest bid of 419.5 ETH was cheap because at the time it was equivalent to USD 111,111. The current price would be $ 191,200. Metakovan explained that chose this award in order to leave an “Easter Egg” to those who tried to find itand further embellishes its remarkable story.

NFT sales skyrocketed in 2020and that trend doesn’t seem to be easing anytime soon.

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