LOGO_CRYPTO_SIGHT

REVV Motorsports Ecosystem Moved to Polygon to Avoid High Ethereum Gas Fees

| 27-Th2-2021

The publishing entity behind F1 Delta Time – Animoca Brands – has reportedly disclosed details of an alliance formed with Ethereum layer-two solution, Polygon, on Feb. 18.

Specifically, the collaboration will reportedly allow for the whole of the REVV token motorsport ecosystem to undergo deployment on the Polygon network, beginning with the aforementioned F1 Delta Time.

This will reportedly make sure that involved parties will not be hindered by the excessive gas fees on the Ethereum blockchain, which can capacitate blockchain-powered games, since numerous in-game actions need to carry out a transaction to finalize.

Since a lot of games reportedly provides an opportunity to play-to-earn, this also limits (and in a few particular scenarios can fully negate) the potential for returns.

Polygon – which was widely acknowledged with the name the Matic Network prior to its rebranding in February – reportedly functions as a layer-two solution for Ethereum scaling and infrastructure development.

The rebranding reportedly marked a significant strategic adjustment, to establish the entity as a layer-two aggregator and interoperability facilitator.

Animoca’s REVV token ecosystem is reportedly made up of three motorsports related games. Together with F1 Delta Time, the utility token will be utilized across two upcoming titles based on MotoGP and Formula E.

In December 2020, a nonfungible token (NFT) representing 5% of the internationally recognized Monaco Grand Prix circuit in the F1 Delta Time game reportedly commanded a price of over 9 million REVV tokens at auction, with value approaching the $222,000 benchmark. 

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