New TRON Blockchain Gaming Fund to Come with $100 Million Investment
TRON is constantly looking for ways to apply their decentralized internet protocols. One of their most recent developments was announced on November 29th – TRON Arcade, a blockchain gaming fund.
TRON Arcade is expected to see $100 million in investments during the next three years, with the goal of “empowering developers.” This is just one of many of efforts to expand the company, following the recent acquisition of BitTorrent. For the Arcade, CEO Justin Sun sees the project as “playing a crucial role in the company’s popularity and expansion.”
In the press release announcing this change, Sun noted,
“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.”
Along with the announcement of the new addition, TRON kept up with its usual reminders of the network’s transaction speed, surpassing that of Ethereum. Before today, Sun had been keeping up with his PR work on social media, trying to appeal to Ethereum developers that may want to switch to his platform after the recent drop in price.
Presently, the TRON token is trading at $0.015799, which reflects a 24-hour increase of 8.56%, according to CoinMarketCap. This price was recorded at 8:00am PST on November 29th.
Proud to unveil #TRONArcade, our 100 Million USD Game Fund! This new initiative will revolutionize both #gaming and #blockchain industries. Let’s build the next generation of games together! $TRX https://t.co/xl1Ynuminf pic.twitter.com/U5KwZwNcAR
— Justin Sun (@justinsuntron) November 29, 2018