The Tron Foundation has established a $300 million fund to invest in and incubate GameFi projects
The Tron Foundation has put $300 million into the Tron Arcade fund to encourage the creation of GameFi games that allow users to earn cryptocurrency while playing. The fund, which was established in collaboration with APENFT and WINKLINK, will help to develop and implement these projects over the next three years. However, this step will foster decentralized finance and NFTs within Tron, in addition to increasing the in-game economy.
According to Tron Foundation CEO Justin Sun, the initiative would also promote Decentralized Finance and the NFT economy on the Tron network while making it simple for users to participate in both. It’s the new crypto trend that many perceive as bridging the gap between gaming and these two.
It will power DeFi since it permits in-game purchases, and players who make these purchases will be required to participate in this economy. GameFi allows players to not only own but also trade digital game assets. More developers will be encouraged to create gaming content, as well as the monetization of these games.
Tron is mostly known for its gaming experiences. That so, it’s clear to see how gaming and cryptocurrency are linked. For one thing, many games have an in-game economy, which, when combined with crypto, allows many gamers to learn about crypto. Many games also boost crypto adoption because their creators discovered and used blockchain to enable decentralization, permit the use of in-game money, facilitate in-game purchases, and increase game revenue. Many users were drawn to crypto, DeFi, and NFTs as a result of the obstacles.
Second, most gamers are young, and while most are playing for fun, many are looking for ways to supplement their income, according to Jeffrey Zirlin, co-founder of Sky Mavis. Many people learn about cryptocurrency via interacting with in-game economies.