TRON unveils TRON Arcade: 100 Million USD Game Fund
A building block for the blockchain game ecosystem
On November 29, 2018, San Francisco time, TRON unveiled that it will establish blockchain game fund TRON Arcade, with up to $100M to be invested in the project for the next 3 years, building the foundation for a robust blockchain game ecosystem. The main goal of the fund is 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.
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.
TRON is making significant efforts to promote the mass adoption of blockchain technology. TRON Arcade, the company’s $100M blockchain game fund, is a bold move into the gaming industry. TRON is also expanding into other industries, such as charity, enterprise solutions, consumer internet, social media, and entertainment. The company is dedicated to building a global, decentralized Internet ecosystem and ushering the world into Web 3.0.
The acquisition of BitTorrent, the world’s largest peer-to-peer file sharing protocol, also set the stage for TRON’s mission of leveraging blockchain to benefit the masses. Project Atlas will combine the BitTorrent protocol with the power of blockchain to create a token economy that will optimize content distribution and empower content creators.
Justin Sun, TRON Founder & CEO, said, “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.”
TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications. The company is one of the world’s leading public chains and following the acquisition of BitTorrent in July 2018, the world’s largest decentralized network.
Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including Mainnet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. TRON is connecting thousands of developers across the world through its consumer-focused ecosystem based on blockchain, cryptocurrency, decentralized applications, and leading peer-to-peer file sharing products.