Justin Sun, the founder of Tron, announced his first GameFi product, the Win NFT Horse, after several months of work. 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. The genetic data of each horse is securely stored at a specific address on the blockchain network and cannot be changed, copied or destroyed. Each player can earn tokens to spend later in the game. The maximum daily income is set at 4.5 million TRX tokens.
NFT and gamification
Gaming is one sector where NFTs seem to have found their ideal ecosystem. NFTs allow players to earn money through gamification by receiving digital tokens. NFT games are mainly found on the Ethereum and Binance Smart Chain platforms. Some games offer combat experiences 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 games.
All games use the NFT system for every operation that can be performed during the game. For the exchange, creation and implementation of NFTs in the game, smart contracts are used, which 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 inviting other people to join.
Growing sector
NFTs are a new frontier for gaming as they enable a new concept of integration between users and traditional games through blockchain and the use of digital economic resources. According to the analytics company DappRadar, there has been a real boom in these types of games in recent months:
“The demand for games to earn money on the blockchain has led to a 121% increase in the number of unique active wallets to over 804,000 unique users.”
Also according to the DappRadar report, Binance's ecosystem alone, Binance Smart Chain, would have attracted more than 391,000 unique users in July: "A whopping 2460% increase from the previous month." In September, the Huobi Foundation decided to invest $10 million in GameFi.
Tron evolution
Tron (TRX) is an open source blockchain platform released in 2018, mainly related to the entertainment world. It is based in Singapore and run by a very young founder, Justin Sun. Its hallmark is the speed of transactions compared to bitcoin or Ethereum. It can perform about 1500 transactions per second compared to 7 bitcoin and 25 Ethereum transactions.
The ecosystem moves through the proprietary cryptocurrency TRX. There are currently about 654 billion in circulation out of the 100 billion expected to be issued. The platform was created for the exchange of multimedia entertainment content. On the platform, users can store, own and trade content for free.
Tron has invested heavily in the NFT world in recent months. In August, he launched a $300 million fund to invest in GameFi projects. The recently released game is the first result of this effort.
