Animoca Brands’ Formula1 Token Closes at 415.9 Ether

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.