TRON, the decentralized blockchain-based protocol that aims to build a worldwide free content entertainment system, has recently announced the launch of a $100 million blockchain gaming fund.
Dubbed the “TRON Arcade,” it is designed to empower developers to create and develop blockchain-based games.The fund is part of TRON’s long-term commitment to develop and grow the blockchain industry. The $100 million in funding will be distributed over the next 3 years.
According to TRON’s founder and CEO, Justin Sun, TRON Arcade will play a crucial role in attracting developers to the platform.
He explained that the open, transparent, and immutability of blockchain technology will tackle key issues found in the gaming industry:
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.
The TRON Foundation and CEO Justin Sun envision a free multi-layered decentralized entertainment platform accessible to everyone in the world. The cryptocurrency behind this vision is Tronix (TRX) and it will power this grand entertainment platform.
As $100 million in funding is quite substantial, it’s clear that gaming will be an important pillar in TRON’s development. Sun has repeatedly mentioned how the gaming industry and blockchain will merge to build the next gaming generation.
The gaming industry is one of the most popular and fastest growing industries today.
If TRON captures even a small fraction of this multi-billion dollar industry, the amount of interest and growth would be substantial. It makes sense that Sun is going this route as he has previously capitalized on money-making opportunities and has become very successful in doing so.
The cryptocurrency market has experienced a large decline in price with billions of dollars lost in market capitalization and dying crypto projects everywhere. However, despite the negative sentiment and gloomy market conditions, TRON has been pushing forward with constant developments.
The crypto project recently launched a $1 million TRON Accelerator Program that’s poised to spur growth, innovation, and development of decentralized applications (dapps) on the TRON blockchain.
In the midst of the 11-month long bear market, the TRON foundation spent $120 million to acquire BitTorrent, the file sharing platform with over 100 million users. Realizing this move’s full potential is yet to come, in the meantime TRON has announced that Project Atlas will pay BitTorrent seeders in crypto.
Yet another recent development by TRON is the beta release of their first decentralized exchange (DEX), TronWatch Market. This DEX will allow traders to easily and securely trade between TRON, TRX10 and TRX20 tokens.
TRON has been very busy building and developing. Now, with the addition of the TRON Arcade, we can expect a wave of new development as the project comes to fruition.
At the time of writing, TRON (TRX) is trading at a mere $0.015 which is 95% down from its all-time high of $0.25 back in January. With all the recent developments and work happening in the background, it’s possible that TRX has plenty of upside potential.
What do you think of the TRON (TRX) cryptocurrency project? Do you think they will achieve their goals and create the greatest entertainment platform of all time? Let us know in the comment section below.
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