Tron Invests into PlayGame Blockchain Gaming Platform in a Move for the Decentralized Apps Crown
Tron Foundation continues to place a foothold in the rapidly growing gaming industry after they injected an undisclosed amount of cash to Indonesian based startup, Playgame.
The company announced on Medium their plans to spend the capital to build strategic partnerships, grow their base to other Asian countries and complete the development of Proof-of-Play crypto payment platform.
The PlayGame platform was launched back in June 2018 with an aim to improve the gaming efficiency, fairness and effectiveness. The latest cash increment comes after the company raised a total of US $7.7 million in their initial offering less than 3 months ago.
Tron has grabbed most of the cryptocurrency headlines after a strong bullish run of the price since the announcement of the BitTorrent airdrop to TRX holders. Notwithstanding, the company is taking massive steps in technical developments and partnerships which has strengthened the coins position in the top 10 cryptocurrencies.
Tron Foundation, the core developers of the gaming blockchain, are making partnerships across the gaming world in a bid to provide a fast and efficient decentralized blockchain platform to create dApps.
PlayGame development team (Image: Medium)
On the other hand, Playgame aims at providing solutions to the crippling problems that the gaming industry faces including piracy, inefficient payment systems and calculation and fairness of the game.
The platform is set to establish a blockchain based ecosystem including game publishers, developers, crypto-enthusiasts, and gaming communities to increase use of cryptocurrencies as a payment.
The platform further aims at making the revenue transactions costless and increase the security levels. The games will be developed in a transparent and fair manner to encourage game developers and players to participate.
The latest cash injection in the gaming industry by Tron Foundation shows the seriousness of the team to be the king in decentralized application development. The gaming audience is growing rapidly and Tron’s commitment in becoming the power of decentralized gaming is set to continue with PlayGame.
This introduces blockchain to new markets with more gaming initiatives and partnerships to be introduced in future.