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Tron Becomes Strategic Investor of Popular Game Studio to Accelerate TRX Adoption

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  • Yuri Molchan
    📰 News

    The Tron Foundation becomes a strategic investor of the Biscuit game studio, which plans to relaunch its popular blockchain game EOS Knights on Tron

Tron Becomes Strategic Investor of Popular Game Studio to Accelerate TRX Adoption
Cover image via www.123rf.com
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According to a press release shared with U.Today, Tron has become a partner and a strategic investor of the Biscuit.io game producing studio famous for its EOS Knights game. It is ranked number nine on Dapp.Radar and has a maximum of 6,000 players per day.

An upgraded version of the game is to be launched on the Tron blockchain in December 2019.

EOS Knights Dapp.Radar
Image via dappradar.com

Biscuit to develop Tron-based games

The top ranking game on Dapp.Radar, currently known as EOS Knights and initially developed on EOS, is going to be released on Tron under the title Knight Story, the press release says. It will be powered by TRX and other Tron-based coins. The investment was made via the Tron Arcade fund.

The press release states that Biscuit wants to move to Tron from EOS due to the fast performance of the Tron network, easy-to-use developer toolsets and Tron’s system of dApps.

The head of the game studio, Jay Lee, says:

“We are very excited to partner with TRON and we’re eager to see Knight Story thrive on the TRON network. This collaboration will help us to realize Biscuit’s mission and continue to innovate games using blockchain technology.”

Through Tron, Biscuit hopes to become exposed to millions of Tron’s users and help Tron increase the adoption of TRX.

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Other ‘playful’ partnerships of Tron

Some of the most popular use cases of Tron dApps are games and gambling. Previously, U.Today reported that Tron had also partnered with 0xGames planning to launch 0xWarriors game on its blockchain.

Earlier this year, a popular Ethereum-based game EtherGoo also migrated to Tron to be relaunched as TronGoo.


What are your thoughts on the new Tron’s partnership and investment? Share them in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies

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  • Alex Dovbnya
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    Holding Bitcoin as a collateral is the next big use case for the top cryptocurrency

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies
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According to cryptocurrency influencer Chris Burniske, both Bitcoin and Ethereum already represent formidable collateral economies.

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Moving beyond a medium of exchange

In his earlier tweet, Burniske also predicts that holding Bitcoin as a collateral could eclipse its medium of exchange (MoE) use case.  

He even goes as far as claiming that Bitcoin could morph into an off-chain collateral for the world. 

Burniske states that Ethereum has already created a burgeoning collateral economy around it. Apart from extending its utility beyond a pure MoE, this could also drastically decrease the coin's volatility because of all DeFi use cases.   

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Ethereum (ETH) Price Undergoes Bullish Consolidation, Says Prominent Crypto Trader

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The next big thing in crypto

As reported by U.Today, Genesis Capital, a subsidiary of Digital Currency Group (DCG) that rules the roost in the cryptocurrency lending sector, had a record-breaking third quarter with a whopping $870 mln in new originations. 

In Q3, Bitcoin remained the best collateral for crypto with fiat money and altcoins breathing down its neck. The share of USD loans increased by 25 percent quarter-over-quarter.

However, a group of Wall Street traders made a dire warning about crypto lending, claiming that the breakneck speed of its growth could result in another crypto bubble. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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