Tron Arcade GameFi Fund Gets a $300million Boost

The Tron Foundation has invested $300million into the Tron Arcade GameFi fund. The idea is to promote and incubate the development of GameFi games, where users earn cryptocurrency as they play.

It’s the result of a partnership with APENFT and WINKLINK, with three years of support already confirmed. Crucially, this isn’t just about boosting in-game economies, either. Resources will also go towards promoting NFTs and decentralised finance (DeFi) within Tron Arcade.

Why is the Tron Arcade GameFi Fund So Important?

Without descending into jargon, this huge investment in GameFi development could well be a watershed moment for the adoption of cryptocurrency. Although we have reported at length about the exponential growth of play-to-earn NFT titles, this remains a relatively niche sector of the video game market.

However, we are likely to see more people jump aboard as things continue to develop. A game might require a crypto wallet to enable certain features, or simply for play-to-earn payments to be received. Either way, the result is the same — an increasing number of people are going to engage with these digital currencies, even if they’re just looking to play a game.

As such, it’s no surprise Jeffrey Zirlin, one of the minds behind Sky Mavis —  which has the tagline of ‘Blockchain: Gamified’ — is so excited. “I think what we are seeing is gaming has a massive potential to be Trojan horse for crypto adoption.”

The Trojan horse was a huge wooden structure used by the Greek army to infiltrate the walled city of Troy. It worked, the army got inside and won the war. Whether we’re about to see a hidden crypto revolution through gaming isn’t clear. Nevertheless, the explosion in play-to-earn, and the market’s reliance on crypto, means we’re waiting with bated breath.