Blockchain gaming agency Animoca Manufacturers has introduced a licensing settlement with electrical single-seater automobile racing championship Formulation E to develop a blockchain-powered motorsports recreation that includes non-fungible tokens (NFTs).

The Formulation E recreation will make the most of Animoca’s REVV utility token as an in-game forex. REVV can also be used as an in-game forex for Animoca’s F1 Delta Time title, and upcoming MotoGP recreation.

Formulation E was conceived in 2011 by Jean Todt of the Federation Internationale de l’Car (FIA) and made its world debut in Beijing throughout 2014. The group now holds 14 races in 12 cities throughout 5 continents every season, with the championship attracting a seasonal viewership of 411 million.

After suspending the present season as a result of coronavirus pandemic, Formulation E’s sixth championship resumed on Aug. 5 in Berlin.

Nov. 6 was a giant day for NFTs bulletins, with blockchain-powered gaming ecosystem developer Enjin asserting it has partnered with Canadian gaming studio Skymarch to launch three distinctive titles that make the most of non-fungible tokens “to reinforce core gameplay.”

The forthcoming video games embody Crystals of Destiny, a collectible card recreation that includes a “real-time fight system,” Zeal, a player-versus-player-focused action-RPG, and The Galaxy of Lemuria, a survival-crafting MMORPG.

Main decentralized finance (DeFi) protocol Aave additionally introduced a promotional partnership with blockchain-powered “digital pet universe” Axie Infinity. Aave will sponsor the upcoming “Axie Group Alpha” season, placing 4,000 price of AAVE up for gamers to win, whereas stakers with at the least 0.65 AAVE locked up can declare a “restricted version Aave-themed NFT” earlier than December 6.

Dapper Labs’ NBA High Shot has additionally launched a “uncommon” wave of “Premium Pack” collectible NFTs. 1,203 of three,411 packs have bought inside 90 minutes of the tokens occurring sale. With every pack priced at $24 every, High Shot has bought practically $300,000 price of tokenized basketball “moments” already.

2020 has seen NFTs rise in recognition, with the five-largest Ethereum-powered marketplaces for NFTs pushing greater than $1 million in each day quantity throughout October in accordance with DappRadar.

NFT gross sales have since declined, with the top-five marketplaces driving $263,000 in each day commerce.

Weekly quantity of high NFT video games and marketplaces: NonFungible