TRON continues to expand in the cryptocurrency market. Roy Liu, head of business development at TRON, revealed that they will be investing $100 million into a blockchain gaming fund called TRON Arcade. The investment plan is going to take place during the next three years. The information was released by VentureBeat a few days ago.
TRON Launches $100 Million Gaming Fund
According to a report from Venture Beat, Roy Liu believes that to take off on platforms such as TRON the best way is to do it with games. At the same time, he compared the growth of this industry as when the first iPhone was released back in 2007. He said that the market has expanded around $70 billion dollars.
On the matter, he said:
“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 been expanding in the market during the last months, even when the crypto world is experiencing a hard bear market. In 2018, several virtual currencies lost more than 95% of their value.
TRON wants to build a decentralized infrastructure for the internet. At the moment, the TRON network allows companies to create applications on top of its platform. Indeed, the number of users on dApps on the TRON network is growing over time and has already surpassed those of Ethereum.
For example, one of the largest and most important decentralized applications on the TRON network is a gambling dApp called TronDice. These blockchain games have different items and non-fungible tokens, according to Liu. This means that users can earn for playing and selling these tokens.
Although TRON continues to expand in the virtual currency market, it has been affected by the bear trend that the whole crypto environment experienced in 2018. At the time of writing this article, TRON (TRX) is the 12th largest crypto with a market capitalization of $952 million. Additionally, each coin can be purchased for $0.0143.
TRON has recently been added to the Binance Info Golden Label Project. TRON was the second blockchain project to be added by Binance to its new platform. The main intention is to offer a hub for investors and enthusiasts to have the most transparent and important information about crypto-related companies.