Justin Sun, the CEO and Founder of Tron announced:
“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”
According to the Foundation’s official announcement, Tron Arcade will focus on funding the $100 million on various projects for the next three years. This comes with the aim to encourage the developers to build their new games and content on Tron, making it one of the core gaming blockchain ecosystems.
This step is marked as one of the most important one taken by the Foundation as it creates a pathway promote the adoption of blockchain and especially in the gaming industry. Additionally, the Foundation will also be stepping into various other industries, including consumer internet, social media, charity, enterprise solutions and entertainment.
Sun stated that the Foundation “strives” to solve the existing problems which is prominent in the gaming industry. He added that the Foundation will achieve this with the help of the 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”
Perogies, a Redditor said:
“TRON supports its developers better than most projects. Justin and the TRON Foundation are 100% committed to making it the best it can be, unlike the leaders of some other projects who abandon ship when things get tough.”
DeepBeastOakland, another Redditor said:
“Between the Bittorrent acquisition + Project Atlas + Nitron Summit in January w/ Kobe Bryant and this 100 million game fund, it’s time for people to start taking Tron seriously. This project is kicking ass”
Recently, Tron was in the limelight for surpassing Monero [XMR] in terms of market cap, and taking over its position to become the eleventh biggest cryptocurrency in the market. However, the market is not in favour of the currency today.
According to CoinMarketCap, at press time, Tron was trading at $0.013 with a market cap of $909 million. The coin has a trading volume of $161.65 million and has witnessed a fall of more than 14% in the past seven days.