Crypto Asset VeChain Surges 33% After New Partnership Revealed
VeChain saw a 33% jump in value shortly after an announcement that its Thor blockchain will be utilized to power the revival of a classic choose-your-own-adventure gamebook series.
The Way of the Tiger, a ninja/fantasy gamebook series originally published in the 1980s, plans to use the VeChain Thor blockchain platform for the new game’s cards and items, according to a press release from one of the book’s original co-authors, Jamie Thompson.
VeChain’s native value token, VET, jumped from around $0.00590 up to about $0.00789, a roughly 33% increase. It’s currently trading at $0.007149, according to CoinMarketCap at time of writing.
Thompson highlights the team’s experience from game publisher Eidos, video game series Fable and tech giant Microsoft.
“What happens when you combine a team from Eidos, Fable and Microsoft to revive a best-selling game book using the latest trend of technology? Rumors are we’ll certainly find out.”
In a tweet from The Way of the Tiger, reps clarify that Microsoft isn’t involved on a company level. Instead, one of the game’s team members is a Microsoft developer.
— The Way of the Tiger (@WayOfTheTigerAD) December 2, 2019
Blockchain technology allows users to track transactions, verify data, record ownership, authenticate the provenance of digital assets and eliminate fakes and forgeries. Designed for enterprise solutions, VeChain Thor also enables a list of features including multi-party payments and multi-task transactions.
Thompson, the CEO of the new brand, says VeChain will add a novel element to his game series.
“It felt like the right time. We were going to relaunch the series into a computer game format but this new technology (blockchain), just made more sense.
Imagine playing Magic the Gathering but knowing if you owned a card, it really does belong to you. Or if we say there are only 100 editions of an item or skill, you know there really are only 100 editions.”