TRON Funding the Blockchain Gaming Industry with $100 Million
In a press release shared with Cointelegraph on November 29th TRON, a decentralized internet protocol, announced that it will launch TRON arcade, a blockchain gaming fund.
The main goal of TRON arcade is to "empower developers" to develop and create blockchain based games. The massive funding of $100 million will be distributed over the next three years and is a part of TRON's commitment to help develop and grow the blockchain industry.
TRON, earlier this year acquired BitTorrent, a file-sharing website.
Justin Sun said that the arcade will "play a crucial role" in the blockchain gaming industry and also help the company's popularity.
"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," commented Justin Sun in the press release.
TRON Founder and CEO Justin Sun, imagines a free, multilayered and decentralized entertainment platform for everyone in the world by launching TRON arcade.
TRON believes that this will be an important pillar in their development and this is how the next generation of gaming will emerge with the merging of blockchain and gaming industry.
The gaming industry is among the fastest growing industries in the world and with considering this, TRON's move is being regarded as a very wise one.
On November 29th TRON (TRX) is trading at $0.015 a 95% down from an all-time high of $0.25 in January.
If TRON could even get a slice of this multi-billion dollar industry, the growth for TRON arcade will be exponential.
Despite the negative decline in the cryptocurrency market, TRON is still pushing developments in the market with the recently launched $1 million TRON accelerator program that has focused on the development of decentralized application(dApps) on the TRON blockchain.
On November 29th TRON (TRX) is trading at $0.015 a 95% down from an all-time high of $0.25 in January. But with all the recent investment and development projects its possible for TRX to gain some ground in the coming year.