Tron announced on Nov. 29th that it is building the foundation for a robust blockchain gaming system by unveiling a $100 million-gaming fund known as Tron Arcade. The investment will be made in a three-year period. The main aim of the fund is to enable developers to create new games and “introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.”
Tron Takes Gaming Seriously
The $100 million investment is a clear indication of how Tron takes gaming seriously. Justin Sun, the founder and chief executive officer of Tron stated:
“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.”
According to the report, video and mobile games are at the forefront of new forms of entertainment and games are the usually the first to be tested on with new emerging technologies. The number of virtual reality (VR) and augmented reality (AR) games have increased tenfold as these technologies grew over the past few years.
Blockchain technology is not an exception and is playing its part in driving new gaming experiences. The blockchain’s unique features such as immutability, security, and decentralization enable more creativity in the gaming industry.
Launched in 2017, Tron is working towards the decentralization of the internet and is expanding into other industries such as social media, consumer internet, charity, and entertainment.
Tron’s Partnerships and Acquisitions
Tron has achieved a lot in a short space of time. After initially launching on the Ethereum platform, the blockchain company successfully launched in MainNet in June and turned into Ethereum’s competitor.
Tron has also managed to bag a number of high-profile partnerships, but the most notable one is the acquisition of BitTorrent, the world’s largest peer-to-peer file sharing protocol. BitTorrent has approximately 100 million global users. At the time, Sun said the deal – believed to be worth $126 million – allows Tron to be the “largest decentralized Internet ecosystem in the world.” Tron’s Project ATLAS combines BitTorrent and blockchain technology to “to address existing limitations and open a new borderless economy for exchanging value for computer resources on a global scale.”
Tron launched an accelerator program in November that promotes the development of Dapps on the Tron platform. The program opens with a development contest in which developers stand to win $1 million in prizes.
Since its MainNet launch, Tron has been listed on several exchanges. According to CoinMarketCap data, Tron is currently trading at $0.014 with a market cap of $909 million.