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In May 2019, a non-fungible token representing F1’s first digital car minted for the F1 blockchain game Delta Time was sold for a record $ 110,000. The auction winner just stepped forward, revealing why he brought the elusive NFT.
The 1-1-1 Formula 1 car was the most expensive NFT sold in 2019, designed for officially licensed play. The one-of-a-kind driver was produced in official collaboration with Formula 1 and marked a digital milestone. Until now, the buyer has remained anonymous.
Details about the buyer were leaked on the Blockchain Gaming World podcast and Animoca Brands, the blockchain game company that sold NFT and created Delta Time, revealed that the buyer was the alias of “Metakovan”.
I had a very pleasant chat with @ysiu @xanderatallah is @ F1DeltaTime 1-1-1 #NFT owner @MetaKovan about * that * auction and why digital assets are valuable, both financially and emotionally #podcast https://t.co/9MBXCQ1VWE
– jon jordan (@blockchaingmg) November 11, 2020
Metakovan [@MetaKovan] is an angel investor, entrepreneur, Ethereum whale and NFT collector. During the interview with podcast host Jon Jordan, the investor revealed that it wasn’t even the most expensive purchase he had made and that he hasn’t taken the digital car for a ride on the digital track yet. He said the brand and the auction piqued his interest;
“A branded NFT was one of the first things that caught my attention. But I didn’t know the company. […] I’ve seen this interesting bidding war unfold. […] When I saw the auction I noticed that something interesting was happening here. “
He explained that the NFT appeal for him is the uniqueness and history that accompanies it, adding:
“I could have bought a real car for this. And that’s what makes good stories, actually, at the end of the day. “
NFTs like the gem-encrusted 1-1-1 can be wagered in the game to earn native REVV tokens. In a Tweet he explained why NFTs mean so much to him:
“The way art has blossomed makes it doubly sure that NFTs are the perfect medium for encryption. This is because NFTs were, and are, a lot of fun. From an Urbit Galaxy to the F1 DeltaTime 111, to estates full of promise in CV and DCL. As an NFT, I collected experiences, both fully formed and seeds of future experiences. “
Animoca Brands co-founder and president Yat Siu was thrilled with the revelation:
“After almost a year and a half we finally know that Metakovan is the owner of the 1-1-1 and we couldn’t be happier.”
He added that art is not made famous by the artists themselves; is made famous by collectors. They are the ones who make the story grow, making it much more powerful and interesting.
The designer of the ostentatious 1-1-1 race car, Ibrahim El-Mouelhy, wrote a lengthy personal account of the auction and the subsequent hunt for the owner. He revealed that the action was set in WETH, priced around $ 272 at the time.
The winning bid of 419.5 ETH was a good omen as it amounted to $ 111,111 with prices at the time. The price of today’s ETH would be $ 191,200. Metakovan said he chose that price to leave an “Easter egg” for those who tried to track it down, further embellishing his extraordinary story.
NFT sales increased in 2020 and this trend is not expected to slow down anytime soon.
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