TRON is investing $100 million in the blockchain gaming industry
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TRON, a blockchain based protocol focused on creating a decentralized entertainment system, is set to launch a multimillion dollar fund called “TRON Arcade”. This fund aims to infuse $100 million into the gaming industry to encourage developers to create blockchain based games on its platform and help develop and improve the blockchain industry.
The CEO of TRON, Justin Sun has emphasized that the transparency and immutability of blockchain is set to revolutionize the gaming industry and will create the next gaming generation. It seems to be the solution to the problems holding the industry back. Being familiar with Sun’s vision, it makes sense that he would want to be at the forefront of this:
“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 cryptocurrency backing this concept is Tronix (TRX), the force behind the free multi-layered decentralized entertainment platform. With gaming being an important pillar for TRON, the blockchain platform is set to enter one of the fastest growing and most popular industries. Judging by Sun’s past business opportunities, he seems to be very business savvy to say the least, so it will be interesting to see if he would be able to obtain even a small share of this multi-billion dollar industry as that alone could possibly catapult TRX to become one of the top cryptocurrencies.
Despite the large decrease in market capitalization of cryptocurrencies across the board, TRON has been making strides throughout the year. Recently, the TRON foundation spent a $120 million on the acquisition of BitTorrent, realized its first decentralized exchange (DEX) TronWatch Market and launched a $1 million TRON Accelerator Program to stimulate innovation and the development of dApps on the TRON blockchain. It should be very interesting to see what else TRON has up its sleeve. These calculated investments may seem to be paying off because the blockchain platform has recently surpassed Ethereum in daily transaction volume and dApp usage.
I've been keeping track of TRON's developments for a while now and I’m very curious to see where these developments will lead the platform in the future. At the time of writing TRX is trading at $0.011. With very exciting partnerships on the horizon it may even be considered undervalued at this price. Are any of you holding TRX or thinking of making an investment? Let me know your thoughts!