Just like everything in the current world, the way we transfer money across borders and how we make payments is evolving and changing. This is nothing new as this revolution process began nearly five years ago giving birth to cryptocurrencies. The development of cryptocurrencies continues every day to this very day, and even though they are not all equal; some are doing better than others.
Cryptocurrencies continue to gain acceptance in the world market as the future of money transactions, although they are in their infancy stages. They still have a long way to go before they are universally accepted as a mode of payment on a global level. As per different authentic sources, the number of virtual currencies is between 1600 to 1800 digital coins. Wow.
Tron (TRX)
Tron (TRX) is a blockchain technology that focusses in the area of entertainment and creative content with the goal of changing the internet on a universal scale. Tron (TRX) intends to carve out a decentralized content entertainment environment; it is also an open-based universal digital entertainment protocol.
A few days ago, Tron (TRX) successfully launched its new Main Net, but like other cryptocurrencies in the market, TRX has not lived up to the expectations of many. However, focusing on Tron’s value at present is being short-sighted, rather the focus should be on what Tron as a blockchain can achieve in the long-run.
At the moment, an investor is supposed to focus on the vast opportunities the Tron blockchain and its application offers to the public. There is a wide array of industries showing interest in collaborating with Tron and driving up its value. One of the industries warming up to Tron includes the Gaming Industry (of course, sports sector is not to forget).
Gaming Industry
The gaming industry is a fortune industry approximated to be a multi-billion industry that is increasingly warming up to the idea of blockchain technology, Tron being on the forefront. The reason for Tron’s adoption in the gaming industry is because it meets all the technical requirements and standards for developing complex online games in a localized environment.
For example, game developers can make use of Tron’s platform to develop games at low costs, thanks to the blockchain’s zero fees. Also, the blockchain can accommodate transaction speeds of up to 10,000, making it the perfect platform any gaming developer would like to use and broadcast their efforts on a global scale.
Tron and the Gaming Industry
Tron has been able to widen its influence to the gaming market by partnering with a supreme gaming company, Game.com, Xu Le, and BitGuild (also a blockchain-based gaming firm). These partnerships are a great starting point for Tron’s intrusion into the gaming industry increasing its possibilities of regaining proprietorship in the virtual world of gaming.
Game developers are not wasting any time utilizing Tron’s stable platform launching games that have the potential of going viral and in turn, drive up the prices of TRX. A good example is this virtual farming game that allows players to grow crops, farm animals as well as purchase farm machinery by the name Cropbyte game. In this game, all victories are paid out in actual TRX currency.
Many other games are being launched in Tron’s platform; it’s just a matter of time they will start driving up its value.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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