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    Animoca Brands’ Formula1 Token Closes at 415.9 Ether

    Dorothy Neufeld
    May. 30, 2019 08:19AM PST
    eSports

    Animoca Brands (ASX:AB1), in partnership with Formula 1 launched a game-based non-fungible token (NFT). This NFT closed at 415.9 ether (valued at US$113,000) in an auction, marking it among the most valuable game-based virtual assets released. As quoted in the press release: The 1-1-1’s final auction bid of 415.9 ether, valued at approximately US$113,000 at …

    Animoca Brands (ASX:AB1), in partnership with Formula 1 launched a game-based non-fungible token (NFT). This NFT closed at 415.9 ether (valued at US$113,000) in an auction, marking it among the most valuable game-based virtual assets released.

    As quoted in the press release:

    The 1-1-1’s final auction bid of 415.9 ether, valued at approximately US$113,000 at the time of writing, places it firmly among the most valuable virtual assets ever sold. It is also one of the highest auction prices for NFTs, and sets a record for the highest price ever paid for a branded game NFT.

    Rare digital collectibles can sell for very high sums at auction. The most expensive CryptoKitties NFT

    (“Dragon”) sold for 600 ether (about US$170,000 at time of sale). The upcoming Gods Unchained famously auctioned an NFT (“Hyperion”) that sold for 146.271 ether (about US$60,000 at time of sale).

    Click here to read the full press release.

    formula 1animoca brandsasx:ab1
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