Unknown Face Just Paid $100,000 in Ethereum to Acquire a Virtual Car in an Unreleased Game - Today's Gazette - Cryptocurrency, Bitcoin News
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Unknown Face Just Paid $100,000 in Ethereum to Acquire a Virtual Car in an Unreleased Game

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Cryptocurrency

Unknown Face Just Paid $100,000 in Ethereum to Acquire a Virtual Car in an Unreleased Game

A virtual game lover has paid $100,000 in Ethereum to acquire a virtual car in an unreleased game. The virtual car which was auctioned marked the launch of F1® Delta Time blockchain game.

With over 40 bidders, the virtual car was sold to an unknown person for 415 ETH (around $100,000).

Two individuals by the name Steve321 and Robert White competed for the virtual cars for 3 days, unfortunately an anonymous person sealed the acquisition. Steve and Robert tried to acquire the car with 396 ETH ($101336.40) and 360 ETH ($92124.00) respectively.

The unknown face acquired the auctioned virtual car, a hyper-limited edition original collectible – the F1® Delta Time “1-1-1”.

According to those behind the Ethereum-based blockchain project, the Delta Time “1-1-1” is the maiden car to be unveiled for F1® Delta Time, and the first official F1® non-fungible token.

The car was made as a hyper-limited edition, and so, there is just a single 1-1-1, and there won’t be another.

“It’s truly one-of-a-kind,” the team says.

F1 Delta Time Game focuses on the trading and collection of unique cars, components and drivers. The traded and collected products will exist as non-fungible tokens (NFTs) based on the ERC-721 token standard.

Fungible Tokens (FTs) based on the ERC-20 token standard will function as a currency which is to be used for transactions on the platform.

Virtual game is becoming a lucrative blockchain project. In the past a game lover acquired a cryptokitty, another Ethereum-based game, for $170,000. In December 2017, someone also purchased a cryptokitty for $110,000.

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. Contact: yusuff.olayode@todaysgazette.com

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