F1® Delta Time to cease operations; announces rewards for supporters

It is with deep regret that we announce that F1® Delta Time will cease operations on 16 March 2022. Whilst we have not been able to renew our license, we will ensure that current owners of F1® Delta Time assets are rewarded for their loyalty and support. We are taking measures to offer players and asset holders ways in which they can participate in the wider REVV Motorsport ecosystem, which includes MotoGP™ Ignition, Formula E: High Voltage, REVV Racing, and Torque Drift. We begin to outline some of these measures below.

We want to thank our fans and players for their loyalty during the last three years. You enabled us to create a new type of game experience and contribute to the foundation of many other blockchain games, present and future.

Looking back

It all started in 2019, when the legendary 1–1–1 broke new ground and smashed all previous price records, becoming the most valuable NFT of the year. It was also the most valuable virtual car up to that point and it fetched the highest sum ever paid for a branded game NFT at the time.

In 2020, the introduction of the popular game modes Time Trial and Grand Prix allowed F1® Delta Time to significantly advance the fledgling state of the play-to-earn industry, and allowed for the REVV token to launch on exchanges with the advantage of having day-1 utility. These race modes have allowed players to win over 13,000,000 REVV to date.

In 2021 the two most valuable virtual car transactions ever recorded occurred one day apart and were both - you guessed it - for F1® Delta Time cars.

There were many other remarkable milestones in the three-year history of F1® Delta Time, but enough retrospective for now. We are deeply grateful to our community for having supported this innovative and groundbreaking blockchain project, and we will make sure that you do not leave the racetrack empty-handed.

Looking ahead

Players will be able to play F1® Delta Time Time Trial and Grand Prix modes, win REVV, and earn SHRD tokens until the last moment of the game’s operations on 11:59 pm PDT, 16 March 2022.

As part of our commitment to an open ecosystem, we are providing F1® Delta Time asset owners with the following options:

  • All F1® Delta Time car owners will receive Replacement Cars, which are equivalent cars for REVV Racing on Polygon based on the rarity and power of your original F1® Delta Time cars
  • Your F1® Delta Time cars can be swapped for a Race Pass, which is used in staking and gives access to future NFT mints and airdrops
  • Staking v4.0 will have our largest reward pool yet: 20 million REVV. To participate you will need to use your new REVV Racing assets together with a Race Pass. Future staking events to be announced.
  • Event Segment owners receive 6 months of rewards, and an option to swap for Track Vouchers, redeemable for a REVV Motorsport track NFT in the future
  • 2019 Crates and 2020 Keys can be bridged and staked into a SHRD earning pool on Polygon
  • All other F1® Delta Time assets can be swapped for Proxy Assets, which will be used in the future to obtain NFTs for products across the REVV Motorsport ecosystem

Some details

The Race Pass

  • Get Race Passes by swapping your F1® Delta Time cars; the Race Pass rarity is of corresponding rarity to the car swapped
  • Race Passes will be stakeable to generate REVV in a new Staking pool we are setting up on Polygon
  • Race Passes also give access to new token minting initiatives and airdrops. The rarity of the Race Pass will determine the content you can get through it

Staking v4.0: 20,000,000 REVV pool for your swapped cars

  • Staking v4.0 will run on Polygon and will be accessible on the REVV Motorsport website after the asset swap for both 2020 and 2019 cars has been made available (30 April 2022). This Staking pool will draw from the original project REVV allocation and the remaining F1® Delta Time staking allocation

F1® Delta Time 2019 and 2020 Cars: Replacement Cars REVV Racing NFTs

  • The Replacement Cars will retain certain characteristics of the original F1® Delta Time cars such as their year (2019 and 2020) and rarity. The livery for Replacement Cars will pay homage to the original assets
  • Replacement Cars will be delivered via a snapshot. We will capture all owners of the current F1® Delta Time cars and their rarity on 30 March 2022, and ownership on that date will determine which users will receive which cars
  • All Replacement Cars will be playable in REVV Racing and, eventually, in certain other games
  • Non-car assets will be supported where applicable across the larger REVV Motorsport metaverse
Legendary Swap Assets (for reference only, final version may differ)

F1® Delta Time 2019 and 2020 Drivers: swap for Proxy Assets

  • Not all Proxy Assets will be REVV Racing assets. We are working on providing the broadest possible value and utility, which will extend to new and exciting IP joining the REVV ecosystem

F1® Delta Time Event Segments: collect earnings and convert to Track Vouchers

  • Event Segment owners will have the option to convert their F1® Delta Time Event Segments to Track Vouchers, which can be redeemed for specific circuit NFTs that will be released across the REVV Motorsport ecosystem, including in REVV Racing. We will be announcing the first batch of licensed circuits to enter the REVV Motorsport ecosystem shortly
  • Track Vouchers are treated as Event Segments for the purposes of the payout described above. You do not need to hold on to your Event Segment

F1 Delta Time Parts, Gear, Tyres: convert to Proxy Assets for P2E in REVV Motorsport Time Trial

  • As with all REVV Motorsport titles, REVV Motorsport Time Trial will be a play-to-earn game. It will support the Proxy Assets you get by converting F1® Delta Time Parts, Gear, and Tyres, and will also support REVV Racing cars and other assets from across the REVV ecosystem. Players will earn REVV and SHRD tokens

2019 Chests and 2020 Keys: open or stake

  • Open the Chests/Keys and take advantage of the swap explained above (receive Race Passes for applicable assets
  • Keep the unopened Chests and Keys and bridge them to Polygon for staking into a new SHRD pool

Swap Timelines

  • The swap will be available for 3 months, and will close on 31 July 2022

This is just the beginning of our plan to provide our F1® Delta Time players with expanded value for their ownership of F1® Delta Time NFTs and to thank them for their involvement in the REVV Motorsport ecosystem.

Although the game will have to cease operations, we are now focused on ensuring that our players have a path forward. We are open to feedback and questions regarding the above measures, and we welcome your opinions across all of the REVV Motorsport channels, including Discord, Twitter, Telegram. You can also email your opinions to revv@animocabrands.com.

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REVV Motorsport is a blockchain play-to-earn Motorsport platform, offering you a full racing experience on chain!

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REVV Motorsport

REVV Motorsport is a blockchain play-to-earn Motorsport platform, offering you a full racing experience on chain!