Tron (TRX) and the 100$ million TRON Arcade gaming fund
|- TRON Arcade will usher Tron network into the rapidly growing gaming industry.
- Tron mission is to decentralized the internet infrastructure and “bring blockchain to the mast market.”
Tron has been on an expansion journey since the launch of its mainnet mid-this year. The development of the Tron Virtual Machine TVM) also elevated it to the level where it can compete directly with other platforms like Ethereum and EOS. In the latest development, the Tron foundation through the head of business, Roy Liu, the network will invest $100 million into a gaming platform referred to as $TRON Arcade. The investment has been spread across a period of three years.
The head of business said during the launch, which was a few days ago that the fund is to help platforms like Tron enter the gaming industry. He went ahead to note that the gaming industry is one of the rapidly growing industries and with an expansion of $70 billion since 2007. He stated:
“Our mission is to bring the blockchain to the mass market. Games led the way to make smartphones and virtual reality more accessible. Now it’s happening with blockchain.”
Tron has a mission to develop a decentralized structure for the global internet. The TVM is currently being used by the community to build and host decentralized applications on Tron blockchain. Besides, at the moment Tron daily transactions have surpassed those of Ethereum by a large margin due to the developers’ preference for the Tron platform.
However, the expansion of Tron is only felt development wise as the TRX value has plunged a great deal since the year started. It is currently trading at $0.0143 although it touched $0.017 towards then end of last month. The initial support for Tron price is $000140 but the major support rests at $0.011. The asset’s market capitalization has dropped below the $1 billion mark and stands at $946 million. It has a 24-hour trading volume of $62 million and is down 4.78% in the same period.
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