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(Duplicate) Ethereum and Formula 1 Racing Team Up for Blockchain-Based Game

Geoffrey Gardiner   Nov 26, 2019 16:32 0 Min Read


In-game purchasing and item collection is a huge financial money maker across gaming. More than ever gamers are investing time and money into attaining the best items money can buy, and really, we do mean a lot. 

Yearly, for one popular game alone, 1.3 billion USD was spent on in-game items. 

Formula 1 racing game F1 Delta Time, will begin using the Ethereum blockchain to create in-game ERC 20 and 721 standards to use as game currency. Aiming to capitalize on this in-game spending market. Players will be able to collect rare cars to use using Ethereum tokens to buy. 

Blockchain offers a fantastic method for players to further enjoy gaming, but also have real-world value for their purchases. Normally buying a Ferrari or Mercedes would be a one-off purchase with no resale value, however, on the blockchain, ownership can be bought and sold all across the platform to allow for trades and the ability to try something new. 

Delta Time will offer extremely rare cars to users, predicted to cost as much as 30 ETH, which currently equals 4,500 USD. 

As blockchain enters into more fields and expands adoption, it is likely the gaming sector will be heavily affected. Delta 1 isn't alone in this endeavor, with multiple other titles adopting the technology. 

It will be extremely interesting to see how rare items and cryptocurrency can coexist. Will rare items stabilize the price of Ethereum in this case? Or will Etereum lower the price of Rare items such as the 4,500USD cars? 

Time will tell if this is a winner. 

 


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