Animoca Brands has recently revealed that it has entered into a global licensing agreement with the popular car racing brand Formula 1®, in order to launch a blockchain powered game around the Formula 1® racing series.

Animoca Brands Made a Press Release

Announcing the agreement via a recent press release, Animoca also noted that numbers from the car racing giant show that its racing events draws approximately ~1.6 billion television viewers across over 180 territories and engages 506 million fans worldwide.
It was also revealed via the press release that Animoca Brands will be publishing a blockchain game titled: F1® Delta Time. The game will be based on non-fungible tokens (NFTs).

A launch date of May 10, 2019, has been set for the F1® Delta Time game. The game will constitute aracing component that utilizes those NFTs as well as a collectable component based on NFTs.

According to the press release, this new agreement will see blockchain technology exploiting the brand power of Formula 1® to increase the involvement and…

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