Blockchain Business Tech

Someone Used $16,500 in Ethereum to Buy Maiden F1 Digital Collectible Designed to Celebrate Reiwa

Japan Edition 2019 F1 Delta Time

An unknown man has used whopping 91.5 Ethereum (around $16,000) to acquire the ‘Japanese Edition 2019’ of F1 licensed digital collectible during the just concluded Auction on F1 Delta Time, a blockchain game on Ethereum that is focused on trading and collection of unique components, drivers and cars.

The auction, which started on the 14th October 2019 and ended on 17th October 2019, was the first ever Formula 1 collectible fashioned to celebrate Reiwa.

F1 Delta Time

The Japan Edition 2019 is now owned by “ogasahara”. The account has acquired several digital collectibles.

The “Japan Edition 2019” of the digital collectible officially licensed by Formula 1 has the kanji (令和), denoting Reiwa.

As a non-fungible token (NFT), this car’s authenticity and true digital ownership are guaranteed on blockchain.

Reiwa, according to a release by F1 Delta Time, is indeed the new era in Japan. This era started on May 1, 2019 and signifies “beautiful harmony”.

“As a non-fungible token (NFT), this car’s authenticity and true digital ownership are guaranteed on blockchain,” the release indicated.

“‘Japan Edition 2019’ car is the first official Formula 1 product to celebrate the very first FORMULA 1 JAPANESE GRAND PRIX in the Reiwa era.”

F1 Delta Time, one of the Animoca Brands’ first blockchain gaming properties, had performed several auctions in the past.

The France Edition 2019 auction started on 11 July 2019 and ended 108 hours after. The “France Edition 2019” car is the the 3rd licensed Formula 1 non-fungible token (NFT) collectible designed and developed for the blockchain game F1® Delta Time, and dedicated to commemorating the “FORMULA 1 PIRELLI GRAND PRIX DE FRANCE”.

The car was auctioned for a whooping ETH 96.60 (over $16,000). Also, the winning bid for the Monaco Edition 2019 was sold for “108.00 ETH”.

The F1 Delta Time 1-1-1 was auctioned for 415.90 ETH, close to $70,000 per the present market price. However, at the time, it was around $100,000.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post, Thrive Global, Oracle Times, The Independent Republic, Forbes, Washinghton Post and a host of other news magazine.

He’s a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.

Email: olayode.yusuff@newslogical.com

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