Says the buyer of the NFT 1-1-1: ‚So I spent $111,000 on a digital F1 machine‘.

The identity of the purchaser of the most expensive NFT of 2019, the „1-1-1“ digital car, has finally been revealed.

In May 2019, an NFT that represented the first F1 digital car, issued for the blockchain videogame „F1 Delta Time“, was sold for $110,000! The winner of the auction has just come forward, revealing why he bought the expensive token.

The Formula 1 car named „1-1-1“ was the most expensive NFT car to be sold in 2019 and was designed for the official motorsport championship game, in partnership with F1. So far the buyer had remained anonymous.

Details of the buyer were disclosed in the podcast Bitcoin System Blockchain Gaming World: Animoca Brands, the blockchain video game company that sold the NFT and created Delta Time, revealed that the buyer was a certain ‚MetaKovan‘:

„We had a nice chat with @ysiu, @xanderatallah and the owner of the NFT 1-1-1 from @F1DeltaTime, @MetaKovan, about the auction and the not only physical but also emotional value of the digital assets“.

MetaKovan [@MetaKovan] is an investor, entrepreneur, whale of Ethereum and collector of NFT. During an interview with podcast presenter Jon Jordan, he revealed that he has not yet taken a lap on the track with his digital camera. What aroused his interest was the brand and the auction:

„A branded NFT was one of the first things that caught my attention. But I didn’t know the company. […] I saw that there was a bidding war. […] When I saw the auction I noticed that something interesting was happening here.“
He explained that what attracts him to the NFT is the uniqueness of each individual token and the story that accompanies it:

„I could have bought a real car for that kind of money. And in fact that’s what makes this a good story.“
NFTs like the 1-1-1 can be run in the game, as well as being used for staking REVV tokens. In a tweet, MetaKovan explained why NFTs mean so much to him:

„The way the digital art market is evolving makes me totally confident that NFTs are the perfect medium for cryptos. That’s because NFTs were, and are, a lot of fun. […] With NFT, I collect experiences, both those that have been fully completed and those that will happen in the future.
The co-founder and president of Animoca Brands, Yat Siu, was enthusiastic about the news:

„After almost a year and a half we finally know that MetaKovan is the owner of the 1-1-1, we couldn’t be happier“.
Siu added that art is not made famous by the artists themselves, but by collectors: it is they who make history grow and make it much more powerful and interesting.

The designer of the 1-1-1, Ibrahim El-Mouelhy, wrote a long personal account of the auction and the subsequent research of the owner. El-Mouelhy revealed that the auction was held in wETH, which cost around $272 at the time.

The winning bid of 419.5 ETH was a good omen, as it was equivalent to $111,111 with the prices at the time. Applying today’s ETH price, the figure would amount to about $191,200. MetaKovan stated that he chose that price to leave an „easter egg“ to those who were trying to trace it.

NFT sales grew significantly in 2020, and this trend does not look set to slow down.