TRON ( TRX/USD ), a blockchain-based OS dedicated to accelerating and decentralizing the internet through blockchain technology and Dapps, has founded a $300M fund in collaboration with APENFT and WINKLink, Invezz learned from a press release. The new fund, called TRON Arcade, will invest and incubate GameFi projects over the next three years.
Empowering developers to build robust DeFi content
The launch of the fund reflects TRON’s long-term efforts to adopt blockchain technology en masse. Its main goal is to empower developers to create and implement GameFi projects and build solid DeFi content and a robust entertainment community across the network’s community as well as those of APENFT and WINKLink.
The advent of GameFi
According to TRON, one of the largest and most popular blockchain-based operating systems in the world, the interest in and adoption of DeFi and blockchain technology are growing exponentially across the globe. GameFi emerged through a fusion of gaming, DeFi, and NFT. It has many proponents among the young generation.
Seamless transition from play to work
GameFi is a way to gamify monetary mechanisms that make generating profit even more exciting and enjoyable than it ordinarily would be. The mechanism, which is based on the concept of play to earn, caters to gamer interests in different genres. The transition from “play” to “work” is seamless, and players are rewarded with valuable digital assets. This benefits them or other market players.
TRON founder Justin Sun commented the dynamics of GameFi innovation across the crypto space as major market players like TRON prepare to make it available on a mass scale:
“GameFi is going to be the next big thing that makes the DeFi, NFT, and larger crypto space easy to understand and be involved in. TRON is excited to be partnering with APENFT and WINKLink to build a robust GameFi ecosystem that is accessible to all.”
TRON’s partners, APENFT and WINKLink, are working on a prototype, which is expected to be completed in Q3/21. The joint product is estimated to become available to the public in the fourth quarter of this year.
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