Tron recently passed a press release where announced its plans to launch a blockchian based gaming fund. As reported by the company, the new fund will be named Tron Arcade. Tron has reportedly designed it in order to empower developers. The press release also confirmed that over the next three years, the company will be investing $100 million in the initiative.
Justin Sun, the Founder and CEO of Tron, additionally took Twitter to announce the new development on his official page. He stated: “proud to unveil Tron Arcade, 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!
The source also suggested that the initiative is “another long-term commitment from Tron”. This is followed by the recent acquisition of file sharing giant BitTorrent earlier this year.
Justin Sun also shared his official comments in the published press release. He 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”.
The official message also covered the significance of the gaming industry. It talked about potential and development of the field as well. “Video and mobile games have always been a driving force for new forms of entertainment, and games are often the first test applied to new emerging technologies. As augmented reality (AR) and virtual reality (VR) technologies grew over the past few years, we have seen a tenfold increase in VR and AR games. New technologies drive new gaming experiences, and blockchain is no different. The unique advantages of blockchain technology, like immutability, security, and the ability to activate decentralization, create more room for imagination in the gaming industry”, briefed the message.