Non-fungible digital currencies or what is symbolized by the symbol “NFT” are currencies based on the “ERC-721” standard on Ethereum, which are unique and cannot be produced or copied.

Recently, a stake in a virtual racetrack in a blockchain-based game was sold for more than 9 million REVV tokens valued at approximately $223,000.

According to Source The racetrack belongs to the game “F1 Delta Time”, developed by “Animoca Brands” and the selected part of the track that was sold belongs to the “Monaco” race track, which was sold in the form of non-exchangeable coins (NFT).

it’s official – @F1DeltaTime Grand Prix de Monaco 2020 1A has a new owner, after winning the bid of over 9 million REVV dollars!

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😱 Over $223,000 at the time of sale!

Congratulations to the new owner, this is history in the making!#Japanese comics #NFTs #blockchain #cryptocurrency # F1 pic.twitter.com/V3EfWiB2PH

– F1® Delta Time (@F1DeltaTime) December 2, 2020

The auction winner paid 9,081,752 Animoca REVVs. Currently, these tokens are worth 375.56 Ethereum, or about $223,000, which could make it the largest NFT purchase to date.

In a press release, Animoca Brands told:

This is the highest price ever paid for an NFT within a game.

NFTs can be anything that can be digitized, from artifacts to in-game goods…

Hence, the prices of these digital currencies are likely to be driven by their uniqueness and rarity.

In the case of the game “F1 Delta Time” all core assets of the game are represented by “NFT”.

Specifically, the virtual track of the virtual racetrack “Monaco” consists of 330 of these tokens divided into four levels, from “rare” to “most rare”.

Each coin represents a stake in the default path, giving its owner a set of privileges.

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And the just-sold NFT is in the rare category and will reward its owner with 5% of all playing fees and 4.2% of revenue from player deposits, both paid via Animoca’s REVV cryptocurrency.

Meaning, it may seem to some that what this buyer did is pure madness, but with a different view, this buyer invested his money to get this track and that anyone who plays and uses this track, the owner of the track gets a fee of 5%, and the more the use of the track increases the income of the owner of the track .

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Animoca explained:

The racetrack clip is a non-fungible token (NFT) that represents a 5% partial ownership of the track “Monaco” within the F1® Delta Time blockchain.

For the record, this is not the first time that non-fungible cryptocurrencies have been sold at this price, as a cat in the “CryptoKitties” game was previously sold for 600 Ethereum.

A rare digital artwork of “Batman” was also sold for 540 Ethereum.

Read also:

A complete explanation and guide about the non-fungible cryptocurrency (NFT)

Learn about the currency (Decentraland) and its digital currency (MANA)