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TRON Foundation Announces $300M Fund to Foster GameFi Projects

TRON Foundation Announces $300M Fund to Foster GameFi Projects
  • TRON is setting up a $300 million fund in collaboration with APENFT and WINKLink.
  • Named TRON Arcade, the fund will invest and incubate GameFi projects over the next 3 years.
  • GameFi aims to capitalize on the interest of younger generations in online worlds.

TRON will establish a $300 million fund in collaboration with APENFT and WINKLink. Named TRON Arcade, the fund will invest and incubate GameFi projects over the next three years. By creating the fund, TRON is moving forward in its long-term efforts to promote the mass adoption of blockchain technology.

The fund aims to empower developers to create GameFi projects and build robust Decentralized Finance content. It will also help to form an entertainment community across TRON, APENFT, and WINKLink’s communities.

The fund, and by extension TRON wants to capitalize on the desire of younger, more digitized generations interest in online words as a way of escaping reality. This interest has led to the emergence of a fusion between Non-Fungible Token, DeFi, and Gaming, which GameFi leverages to attract users. It is the gamification of monetary mechanisms that makes earning profits an enjoyable and exciting experience.

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 Founder Justin Sun.

He further added,

TRON is excited to be partnering with APENFT and WINKLink to build a robust GameFi ecosystem that is accessible to all.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.