Justin Sun, founder of Tron, has announced, after months of work, his first GameFi product, Win NFT Horse.
The news came via Twitter. Apenft and WinKlink contributed to the project.
Win NFT Horse, the DeFi game from Tron
In the new Tron game, each horse is a rare NFT and has its own economic value. Players can own horse NFTs through blind boxes and direct purchases.
Each horse has characteristics that make it unique. Each horse’s genetic data is securely stored at a specific address on the blockchain network and cannot be modified, copied or destroyed.
Each player can earn tokens to spend later in the game. The maximum daily earnings have been set at 4.5 million TRX tokens.
NFTs and gamification
Gaming is one of the sectors where NFTs seem to have found their ideal ecosystem. NFTs allow players to earn money through gamification by receiving digital tokens.
Games on NFTs are mainly on the Ethereum and Binance Smart Chain platforms. Some games offer a combat experience with collectible characters such as CryptoBlades and the most popular game of this type, Axie Infinity, while others use digital collectible cards such as Sorare, mainly for football-related gaming.
All games use the NFT system for every single operation that can be performed during the game. To exchange, create and implement NFTs within a game, smart contracts are used that set the rules for the respective NFTs used.
This type of game, as mentioned above, also allows players to earn money by playing the game or by inviting other people to join.
A growing sector
NFTs are the new frontier for games because they allow the new concept of integration between users and conventional gaming, thanks to blockchain and the use of digital economic resources.
According to analyst firm DappRadar, there has been a real boom in this type of games in recent months:
“The demand for blockchain-powered play-to-earn games led to unique active wallets expanding by 121% to more than 804,000 unique users”.
Also according to DappRadar’s report, the Binance ecosystem alone, Binance Smart Chain, would have attracted more than 391,000 unique users in July:
“A whopping 2,460% increase month-over-month”.
In September, the Huobi Foundation decided to invest $10 million in GameFi.
The evolution of Tron
Tron (TRX) is an open source blockchain platform released in 2018, mainly related to the entertainment world.
It is based in Singapore and is run by its very young founder Justin Sun. Its hallmark is the speed of transactions compared to Bitcoin or Ethereum. It can perform around 1,500 transactions per second, compared to Bitcoin’s 7 and Ethereum’s 25.
The ecosystem moves through the proprietary cryptocurrency, TRX. There are currently around 654 billion in circulation out of the 100 billion in all that are expected to be issued.
The platform was created for sharing multimedia entertainment content. On the platform, users can store, own and trade content completely free of charge.
In recent months, Tron has invested heavily in the NFT world. In August, it launched a $300m fund to invest in GameFi projects. The newly launched game is the first result of this effort.