Crypto collectible F1 car was sold for $100,000 as a part of the new Delta Time game which is a recognized blockchain game from Formula 1 racing. The virtual vehicle will provide a huge advantage in the game and we find out more about it in the coming altcoin news today.
The most recent sale ended for 415.9 Ether which is about $110,000 at the current ETH price. The car sold is the first of its kind and the auction will rest any notions that there are no people who value digital property. What the blockchain will provide for this game are non-fungible tokens. The tokens will give the players a real stake in the value of the entire chain.
The Formula One Auction is one of the most extreme examples in recent years. Some people enjoy spending about $100 on video games but crypto-fans are seemingly ready to spend $100,000 on video games. If the crypto collectible F1 cars continue to reach hot prices, the other brands will certainly sign on with time. As noted previously, MLB partnered with a digital collectibles company in order to offer blockchain-based baseball card system.
Multiple aspects of the entertainment industry will now have elements of blockchain that will be associated with them. If blockchain gets used to issue access to things like Netflix for example, you could be able to send your membership when you don’t want to use it anymore. The system could be built for sub-leasing such things. Providers such as Netflix could be able to deal with the smaller variety of providers who satisfy people’s unique needs.
Digital property is one of the aspects of the ‘’blockchainization’’ that the future generations will likely deal on a regular basis. Companies are now working to put the real assets on the blockchain so the new wave of investment opportunities including the chance of buying fractions of real estate, will rise in the future as explained in the latest cryptocurrency news.
The interest for blockchain at this level is increasing but also the interest in Ethereum dApps. If people are willing to spend this kind of money on virtual racing cars, can you imagine what would happen when the digital items become even more accessible and the options to purchase them will crypto also becomes the first choice for many?
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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