Tron News Today – Headlines for June 12

  • Tron’s Justin Sun paid $500,000 for Fomo3D game to move to Tron
  • The deal was agreed on as far back as 2018
  • The deal is for the game’s developers to build a new version of it

Tron News Today – according to reports, the CEO of Tron Justin Sun paid over $500,000 for the developers of the game Fomo3D, to create a new version of the game on Tron’s Blockchain. According to the report, the deal was agreed as far back as October 2018. It was an arrangement between Tron’s Sun and one member of Team JUST’s (two core developers) called Mantso.

Now, a former developer with Team JUST has confirmed that the contract is real. However, when requested to make comments, the Tron Foundation didn’t reply. It is understood that after the signing of the contract, the game took nearly a year to develop.

Was Sun’s Decision to Pay for Fomo3D to Join Tron Worth it?

In December last year (2019), Team JUST announced that it was launching a new game on the Tron network. News outlets described the game, which was originally known as, as “Fomo3D on steroids.” The game went live on December 22, 2019. It featured addictive reward mechanisms and a rogue AI. The games core developers have disappeared from Team JUST months ago, and the game has since flopped. Which is why it is not such a big surprise that Tron was paying for dApps to move to its network. In December 2018, Tron’s chief announced a fund for this purpose. He tweeted at the time:

Tron will create a fund to rescue ETH and EOS developers from their platforms’ collapse as long as these developers move their dApps to the Tron network.”

What is more interesting about the story is the fact that Sun paid so much money for a project that wasn’t conventional. The Fomo3D game wasn’t an app for exchanging crypto. It was not a friendly game.

About the Fomo3D Game

Launched in the early part of 2018, Fomo3D was a good example of game theory with simple rules. Anyone can put funds into the pot and whenever they do, the timer is extended. When the timer ends, the last gamer to put money takes the lot. With thousands watching the pot, it’s difficult to win.

Whenever the timer is about to run out, someone else would add more funds and it’s extended. Many players set up bots to bid automatically. Which is why it didn’t long for the game to build up a large stash. One cunning player added money to the pot. Then spammed Ethereum’s Blockchain hard that it became difficult for others to make transactions. He always outbids them whenever they tried to bid. When people realized what the player was doing, he already won $3 million.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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