TRON (TRX) announced its new plans aimed at helping the gaming industry to grow using blockchain technology. In order to do so, the blockchain platform established a new fund known as ‘TRON Arcade.’ The new fund will have $100 million and it will help its platform to be integrated with the gaming sector.
TRON Launches new $100 Million Fund
The TRON Foundation has recently launched the new TRON Arcade, a $100 million fund for the gaming industry. In a blog post, the foundation wrote that the intention is to build the foundation for a robust blockchain game ecosystem. With this fund, developers will be able to create and execute their ideas and introduce new games to the blockchain space.
The gaming industry has usually embraced the latest technologies such as augmented reality (AR) and virtual reality (VR). With blockchain technology can happen something similar. TRON is trying to promote the mass adoption of blockchain technology and the gaming sector could help the industry grow.
Blockchain technology provides many advantages such as immutability, security, and decentralization. This would allow gaming developers to create new games and apply innovative solutions.
Justin Sun, TRON Founder and CEO, commented about this issue:
“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.”
One of the other examples of TRON’s intentions to leverage blockchain technology is the acquisition of BitTorrent. Earlier this year, the TRON Foundation purchased the world’s largest peer-to-peer file sharing protocol. With the project Atlas, it will be possible to combine the BitTorrent protocol with blockchain technology.
The Foundation is also expanding into other industries such as charity, enterprise solutions, consumer internet and many others.
TRON is one of the most important blockchain platforms and projects in the market. TRON has also launched its mainnet on May this year and the TRON Virtual Machine on August 2018. This allows developers to be connected in a consumer-focused ecosystem that is completely based on blockchain technology.
At the time of writing this article, TRX is the 10th largest virtual currency in the market. It has a market capitalization of $1.15 billion and each TRX coin can be purchased for $0.017.
Want to learn more about TRON? Read about how Tron’s transactions have passed other major coins in our in-depth article. You can also read about how Tron’s price was boosted earlier this year with the rumor of a big partnership.