TRON To Open $100 Million Investment Fund For Blockchain Games
The blockchain startup TRON revealed its plans to open the TRON Arcade investment fund aimed at supporting developers who create games based on decentralized technologies. The team claims to invest $100 million over the next three years, Cointelegraph reports.
TRON CEO Justin Sun believes the investment fund will become one of the key elements of the project promotion process. He noted that the TRON team is currently focused on solving problems in the blockchain-games industry through the business openness and clarity, as well as the sustainability of distributed ledger technologies. According to Sun, the investment reserve will effectively motivate game creators to join TRON’s mission.
Meanwhile, TRON’s digital currency has shown a significant increase in price by 40% over the last week. It is believed that the rate could jump after the launch of the Odyssey-v3.2 protocol in a new modification. According to the description, the protocol reduces the costs of smart contracts implementation and excludes the possibility for one miner, also known as a “witness”, to create two blocks at the same time.
So far, the cost of the TRON cryptocurrency is $0,014859, losing about 1.81% over the last day. The coin is placed 12th in the CoinMarketCap list due to the total market capitalization of $982,8 million with a daily turnover reaching $175 million.
As previously reported, TRON CEO Justin Sun announced on his Twitter the beginning of the Smart Contract Era thanks to the launch of the TRON Committee and the TRON virtual machine (TVM).