Justin Sun Pays $500,000 For ETH Game Fomo3D To Move To Tron

Justin Sun pays $500,000 for the ETH-based game Fomo3D to migrate to TRON by the game actually never took off while the developers disappeared. Let’s find out more about the upcoming TRON news.

TRON’s CEO Justin Sun pays the developer of the popular Ethereum game Fomo3D to build a new version of the game on the TRON blockchain according to the latest reports. The deal was agreed on back in 2018 between Sun and JUST team’s two core developers. The former Team JUST developer confirmed that the contract is real while the TRON Foundation didn’t comment on it.

After the contract was signed, the game took a year to develop as JUST announced the launch of the game on Tron. The game went live on December 22 featuring multiple reward mechanisms and paradoxes and even a rogue AI. The core developers however have since disappeared from the community and the game failed.  It’s not a big surprise that the Foundation paid dapps to move onto the TRON blockchain as Sun even announced a special fund for this purpose:

 “#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON.”

What’s even more interesting is that he paid so much for a single project that was not really conventional. Fomo3D wasn’t really a usual app for exchanging crypto but it also wasn’t a friendly game. It turned out to be an exit scam game. Launched in 2018, Fomo3D was a nice example of game theory. The rules were simple: anybody can put money into a pot and once somebody else does it, the timer will get extended. Once the time runs out, the last person to put money in takes the lot. With thousands of people watching the pot, it is extremely hard to win. Anytime the timer gets closer to running out, some other person will add more and more and the timer gets extended.

Many of the players would even set up bots to bid more automatically and it wouldn’t take long for the game to build up a huge stash. The game did end eventually. One player added money to the pot and then spammed the Ethereum blockchain that it got extremely difficult for anyone to make transactions. Once other users tried to enter, he would outbid them with a bigger transaction fee. By the time people realized what he has done, he won the pot out of $3 million.