Blockchain Startup Tron To Establish $100M USD Game Fundbr>
Blockchain startup Tron is planning to invest $100M to establish a blockchain game fund.
Dubbed Tron Arcade, the blockchain game fund will reportedly aim to empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment. The company plans to invest up to $100 million in the project for the next 3 years.
“Tron is making significant efforts to promote the mass adoption of blockchain technology,” the company said. “Tron Arcade, the company’s $100M blockchain game fund, is a bold move into the gaming industry.”
According to the company, video and mobile games are often the first test applied to new emerging technologies and they believe blockchain’s unique advantages, such as immutability, security, and the ability to activate decentralization, create more room for imagination in the gaming industry.
“Tron strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology,” said Justin Sun, Tron Founder & CEO. “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.”
In addition to gaming, Tron is also planning to expand into other industries, such as charity, enterprise solutions, consumer Internet, social media, and entertainment. Earlier this year, the company acquired peer-to-peer file sharing protocol BitTorrent.