Back in early December, the game Cryptokitties took off on the Ethereum blockchain. Within its first week, Ether holders spent over $3 million dollars on virtual cats. At one point, the game took over close to 25% of the total hashing power on the Ethereum network. Currently, the game has 251,292 total sales with $18,310,216.78 USD sold. The highest kittie that was sold was for 254 Ether and at the time-of-sale cost $110,707.16 USD, made on December 6th, 2017.
The game has since fizzled, dealing with scalability issues on the Ethereum blockchain. If that had been fixed before the launch of the Dapp the game would still probably be booming. However, a new game is set to launch soon with TRON (TRX) and China has some major crypto doggy fever. With the Chinese New Year slowly approaching, 2018 is the year of the dog and when word was spread about a potential cryptocurrency dog game, the cryptocurrency loving Chinese natives haven’t stopped posting about it since.
Not much information has been given in regards to the game, but from what has surfaced it is set to be very similar to cryptokitties. Owners will buy certain dogs, that will have different characteristics and the goal is to breed with other owner’s dogs to potentially breed a dog with “rare” characteristics. People pay to breed with your dog if it is unique and that’s how users make a profit. More details are soon to emerge on the game, giving exact gaming specifics, but what we do know is that it will be using TRX coins.
At press-time, TRX is the 13th largest cryptocurrency by market cap and is selling at, $0.09 a coin, up 23% for the day.
TRON’s founder has a rather impressive resume and is said to be the next “Jack Ma”, the founder of Alibaba. At just 27 years of age he: graduated from the University of Pennsylvania, was 2015 among Forbes China’s 30 under 30 and 2017 Forbes Asia 30 under 30, founder of Peiwo APP (China’s Snapchat), and former chief representative at Ripple China. No wonder, the Chinese are getting behind this new TRX-backed game.
You are able to trade for TRX on exchanges such as Liqui and Binance for either Ether or Bitcoin. Those who don’t own either of those coins can purchase them on Coinbase or Bitstamp and deposit them into their wallets on Binance. Binance is often used most for trades because it offers the lowest trading fees. We will continue to follow this story and update as more information is made available to the public.
For the latest update on the emerging game, click here.
Featured Image: reddit