TRON wants to get into the blockchain videogame business, and is putting its money where its ambitions are…
Blockchain company TRON has made the headlines for a few reasons this year. It’s partnered, for instance, with virtual world company NeoWorld for one. And then there was the moment when its network transactions throughput managed to eclipse Ethereum last month. Oh, and it took over BitTorrent earlier this year as well.
Now, though, the company is spending money. More to the point, it’s making available a development fund that it’s setting aside to invest in videogames.
The fund is going by the name of TRON Arcade, and the idea is that it’ll be a “foundation for a robust blockchain game ecosystem”. The money is being set aside for game developers who are interested in developing titles that take advantage of blockchain technology.
It clearly wants to position itself at the forefront of blockchain gaming, as the amount it’s looking to invest in its new fund is likely to top nine figures over the next three years. Around $100m has been earmarked to spend on the project across the next 36 months.
Justin Sun, the founder and CEO of Tron, said of the new scheme that “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”.
Expect to see the first fruits of the gaming fund over the next year or so. We’ll keep you posted as we hear more…