Tron founder Justin Sun has announced his first GameFi product, Win NFT Horse, after months of work.
The news came via Twitter.Apenft and WinKlink contributed to the project.
Winning NFT horses from Tron’s DeFi game
In the new Tron game, each horse is a rare NFT with its own economic value. Players can own NFTs of horses through blind boxes and outright purchases.
Each horse has traits 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 on in the game. The maximum daily revenue has been set at 4.5 million TRX tokens.
NFTs and Gamification
Gaming is one of the sectors where NFTs seems to have found its ideal ecosystem.NFTs allow players to earn money by receiving digital tokens through gamification.
Games on NFTs are primarily on the Ether and Binance smartchain platforms. Some games offer collectible character combat experiences, such as CryptoBlades and Axie Infinity, the most popular of such games, while others use digital collectible cards, such as Sorare, mainly for football-related games.
All of the games use the NFT system for every action that can be performed in the game. In order to exchange, create and implement NFTs in the game, smart contracts are used to set rules for the respective NFTs used.
As mentioned above, this type of game also allows players to earn money by playing the game or inviting others to join.
A growing sector
NFTs are the new frontier of gaming, as they allow new concepts of integration between users and traditional games, thanks to the use of blockchain and digital economy resources.
According to analyst firm DappRadar, there has been a real boom in this type of game in recent months.
“Demand for blockchain-powered games has led to a 121% expansion in unique active wallets with over 804,000 unique users.”
Also according to DappRadar, the Binance ecosystem’s Binance Smart Chain alone will attract more than 391,000 unique users in July.
“Month-over-month growth is up to 2460%.”
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 that is primarily associated with the entertainment industry.
It is located in Singapore and is run by its very young founder Justin Sun. It features fast transactions compared to bitcoin or ethereum. It can make about 1,500 transactions per second, compared to 7 for Bitcoin and 25 for Ether.
The ecosystem operates through a proprietary cryptocurrency, TRX. Of the full 100 billion expected to be issued, about 654 billion are currently in circulation.
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 space. in August, it launched a $300 million fund to invest in the GameFi project. The newly launched game is the first result of that effort.