- Tron says its Tron Arcade is focused on building a solid foundation for the blockchain gaming ecosystem
- CEO of Tron, Justin Sun says Tron Arcade will solve the existing problems in the gaming industry via blockchain technology
- Tron says it’s looking to invest up to $100 million in the fund for the next three years
TRON, the blockchain project behind the TRX altcoin, has announced the launch of TRON Arcade, a $100 million gaming fund focused on making it easy for game developers to execute their ideas and create new content seamlessly, according to a Medium blog post by the TRON Foundation on November 29, 2018.
Tron (TRX) Ventures into Gaming
As stated in its press release, the TRON Foundation has unveiled TRON Arcade, a blockchain game fund targeted at revolutionizing the gaming ecosystem.
TRON has made it clear that in the next three years, it plans to invest a whopping $100 million in the TRON Arcade, to make it easier for game developers to easily bring their new ideas to life by creating exciting content in an autonomous and decentralized ecosystem.
The TRON team says its determined to use the immutability, transparency, decentralization and security features of distributed ledger technology (DLT) to “create more room for imagination in the gaming ecosystem.”
TRON hopes its $100 million gaming initiative plus its other innovative projects will significantly contribute to promoting massive blockchain adoption globally.
Commenting on the launch of TRON Arcade, the founder and CEO of TRON, Justin Sun reiterated that:
“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of DLT.”
Sun further noted that TRON Arcade would give developers across the globe a good reason to join the TRON project and “provide the best blockchain gaming experience to users around the world.”
TRON, A Formidable DLT Force
With more than 1600 blockchain projects currently in existence, TRON (TRX) remain one of the very few credible platforms despite being accused of plagiarism.
Earlier in June, TRON acquired BitTorrent, a peer-to-peer file sharing platform for an unspecified amount.
On May 30, 2018, TRON officially launched its Mainnet, gaining independence from Ethereum.
As reported by Blockchain Reporter on October 9, 2018, TRON launched the first game on its virtual machine.
At press time TRON (TRX) is the 12th largest digital asset in the world, with a market capitalization of $949.11 million and a 24-hour trading volume of $119.34 million as seen on CoinMarketCap.