‘Why I spent $111K on a digital F1 Car’ — NFT collector

In May 2019, a non-fungible token representing the first digital F1 car minted for the blockchain game F1 Delta Time was sold for a record breaking $110,000. The winner of the auction has just come 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 the officially licensed game. The one of a kind racer was produced in official partnership with Formula 1 and marked a digital milestone. Up until now, the buyer has remained anonymous.

Details about the buyer were disclosed on the Blockchain Gaming World podcast, and Animoca Brands, the blockchain gaming firm that sold the NFT and created Delta Time, revealed the buyer was the pseudonymous ‘Metakovan’.

Metakovan [@MetaKovan] is an angel investor, entrepreneur, reported 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 has not taken the digital car out for a spin on the digital track yet. He said that the brand and the auction piqued his interest;

“A branded NFT was one of the first things that caught my eye. But I did not know the company. […] I did see this interesting bidding war developing. […] As I saw the auction I noticed there was something interesting happening here.”

He explained that that the appeal for NFTs for him is the uniqueness and the story that accompanies it, adding:

“I could’ve bought a real car for this. And that’s what makes good stories, actually, at the end of the day.”

NFTs such as the gem-encrusted 1-1-1 can be raced in the game as well as staked to earn native REVV tokens. In a Tweet he elaborated on why…

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