Animoca Brands and Formula E Team Up
In a move that might just power your gaming engine, Animoca Brands has shifted gears, announcing a licensing agreement with the electric single-seater racing championship Formula E. They’re set to create a blockchain-based motorsports game that will incorporate non-fungible tokens (NFTs). This partnership isn’t just about speed; it’s about innovating how fans engage with the sport through digital assets!
Revving with REVV
The upcoming Formula E game will welcome REVV utility token as its in-game currency. Think of it as the fuel that keeps your gaming engine running! REVV is already making waves in the gaming sphere, as it’ll also be used in Animoca’s F1 Delta Time and the soon-to-be-released MotoGP game. This not only brings consistency to Animoca’s titles but also offers a seamless experience for players.
The Rise of Formula E
Founded in 2011 by the visionary Jean Todt, Formula E made its debut in Beijing back in 2014. Fast forward to today, and the championship features 14 races across 12 vibrant cities spanning five continents every season, garnering a whopping seasonal viewership of 411 million. Clearly, Formula E is here to stay, even if we took a pit stop during the pandemic!
NFTs: The New Game Changers
November 6 opened the floodgates on NFTs, with blockchain game developer Enjin announcing its partnership with Canadian studio Skymarch to roll out three innovative titles. Each game promises to dive headfirst into the NFT sensation, featuring:
- Crystals of Fate: A collectible card game with a thrilling real-time combat system.
- Zeal: An action-RPG focused on player-versus-player battles.
- The Galaxy of Lemuria: A survival-crafting MMORPG where only the strong survive!
This is just a taste of how NFTs are reshaping the landscape of gaming!
Dapper Labs and NBA Top Shot: A Slam Dunk!
Never one to sit on the sidelines, Dapper Labs launched the coveted NBA Top Shot “Premium Pack” NFTs, with sales reaching nearly $300,000 in just 90 minutes—talk about selling out! With each pack priced at $24, it’s clear that basketball fans are grabbing these tokenized “moments” faster than a fast break!
The State of NFTs in 2020
2020 has seen a meteoric rise in the popularity of NFTs. In October, major NFT marketplaces surged past $1 million in daily transactions, according to DappRadar. However, the market appears to hit the brakes, with the top five marketplaces currently driving just $263,000 in daily trade. Could this mean we’re heading for a market correction, or is it just the calm before a new wave of innovation? Only time will tell!
