Tron (TRX) intends to launch a blockchain based gaming fund sized at $100 million


  • Tron has launched another venture, a blockchain gaming fund, ‘Tron Arcade’.
  • The fund is expected to have a total investment size of over $100 million, over the next three years.

 

Tron (TRX), are looking to launch a blockchain-based gaming fund, which is said to be called ‘Tron Arcade’. It is noted the creation of this is to empower developers, with a total investment size said to be at a chunky $100 million, over a three period.

The founder of Tron, Justin Sun, commented on the back of the Tron Arcade launch intentions, noting it will play a crucial role in the foundation’s expansion plans. As they continue to dominate the news wires of late.

TRX/USD is seen up over 5% in the session today – Thursday, trading at $0.01570 at the time of writing. Price are recovering from the recent bearish trend. Tron is the 11th largest cryptocurrency by market cap, which is seen at $1.05 billion.  

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD price action is nearing a large potential breakout

Bitcoin price in the session on Monday is trading with gains of some 3.50%. BTC/USD price action is narrowing within a triangular structure, subject to a breakout. Key resistance can be observed running from $11,000-11,500, via the daily. There is a chunky barrier which is seen from $11,000-11,500 range. Price action is narrowing within a pennant structure, subject to a breakout north.

More Bitcoin News

BCH/USD bulls retest of the breached flag could be punishing

Bitcoin Cash price in the late part of Monday is trading in the green, up some 1.20%.  BCH/USD price action is retesting a breached flag pattern formation seen via the daily. 

More Bitcoin Cash News

XRP/USD bulls failed to reclaim big $0.3000 mark

Ripple's XRP price in the session on Monday is trading with losses of some 1.50%. XRP/USD bulls attempted to reclaim the $0.3000 mark, however, ran into supply.  

More Ripple News

ETH/USD bulls are struggling with $200 mark

The Ethereum price on Monday is trading within gains of 2.7% in the second half of the session. ETH/USD is attempting to break back above a breached pennant structure.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP