TRON Foundation introduces GameFi projects with $300 million in funds
TRON Foundation is proceeding with GameFi projects by introducing TRON Arcade, which is backed by a $300 million fund for the upcoming three years. To make this possible, the company collaborated with APENFT and WINKLink. APENFT is a non-fungible token (NFT) marketplace based on TRON, and WINKLink is a decentralized oracle that also runs on the TRON network. The two projects are currently working on a joint prototype and are expected to be finished in Q3 and ready in Q4.
The fund’s main objective is to inspire developers to provide and create robust GameFi projects that will boost the DeFi and NFT sectors in the network of TRON, APENFT and WINKLink. Another goal is to provide users with extreme gaming experiences by allowing them to earn digital assets while playing and enjoying games, via a play-to-earn mechanism.
GameFi is one of the most promising technologies that boost the online gaming experience, making it extreme and entertaining. Justin Sun of TRON Foundation sees GameFi as the next big thing that will introduce DeFi, NFT and crypto space to interested individuals. TRON’s strategy on joining the current hype in the GameFi space is a great move.
The idea of the real-time play-to-earn method urges a lot of gamers and people who are interested in crypto to readily learn about cryptocurrency through an entertaining video game. The current market leader in the GameFi space, Axie Infinity, recently reached 1 million active players, sold $1.1 billion NFT tokens, and reached a record of over $3.1 billion in market value.
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