[ad_1]
Blockchain platform TRON today announced its plans to establish a $ 100 million fund known as the "TRON Arcade". The fund is the new effort of the fast-growing network to drive the highest adoption of its platform and to finally unlock the gaming industry, which is worth billions, for blockchain technology. Up to this point, the blockchain-based playing field has shown mixed results in terms of market penetration. Several projects have emerged, each of which seeks to interfere the industry nearly $ 138 billionalthough adoption and retention have posed major challenges to the first arrivals.
Unlike the first protagonists in the blockchain games arena, TRON's gaming activities are launched by a platform that already counts on a consolidated community together with a solid technological infrastructure. These factors could increase the ability of TRON to attract new communities to the blockchain. Even so, the company enters turbid waters that until now have been hostile to the concept of play. TRON will have to demonstrate its commitment to the challenge and demonstrate that it can sign companies that push the industry forward.
Expansion of the imprint of the game
The gaming industry has become one of the fastest growing sectors in the technology sector, and although blockchain has followed the same trajectory, it has not yet solved the problem of games. Blockchain technology, although revolutionary, has not been able to free itself from the chains its technical constraints rely on it. Scalability, speed and cost of maintaining larger games on leading platforms such as Ethereum have led to unsuccessful attempts, forcing companies to abandon blockchain initiatives en masse.
The CEO Justin Sun believes that the TRON infrastructure can promptly address these issues, noting that "from the point of view of the product we have a superfast blockchain technology with almost free costs". Recently, TRON has recently has exceeded 1.3 million transactions per second, breaking the Ethereum record. However, the company will have to demonstrate that its network can handle not only peaks of this magnitude, but rather a constant flow of millions of transactions (something that others have promised but failed to provide).
Apart from the technical barriers, blockchain failed to attract the number of developers really needed to drive adoption towards critical mass. While some projects have been successful, further encouraged by some significant partnerships announced throughout the industry, the big wins for blockchain-based deliverables remain limited. The TRON approach avoids the prospect of profit, judging much more at stake. As Sun observes, "gaming has always been the primary use for any fusion technology, as it was for mobile devices, and we think the same applies to blockchain where we have already witnessed proven business cases."
Lead developers' adoption
TRON is not the first to recognize the potential of the sector. Blockchain-based VR ecosystem Decentraland announced a similar fund at the beginning of this year. L & # 39; Company committed $ 5 million support gaming projects built directly on its platform, offering a real incentive to start working full time on blockchain gaming innovation. TRON Arcade obscures the efforts of the former in terms of size and scope, but follows the same spirit of rupture. The platform already hosts a functioning content distribution system and an infrastructure that can support the scores of the transactions that accompany the modern game landscape. Furthermore, TRON has announced that it already has agreements with 10 companies to kick off the project.
For developers, TRON also represents a unique value proposition: immediate access to a market it already has has exceeded 600,000 users. Having cultivated an audience, TRON aims to help projects that have difficulty keeping low-traffic games on other networks.
Read also: NEO Founder: "I hope one day the blockchain games can also be played by my daughter".
Banking on the potential of the game
Even in its uncertain state, blockchain games already have supporters thanks to promising projects and recognized games. However, the sector still has to demonstrate that it can respond to the challenges that have hampered wider acceptance and accessibility. For TRON, providing these solutions could in theory help unlock the platform's potential. Speaking of his vision for the blockchain gaming, Sun adds that "TRON is dedicated to bringing blockchain technology to the mass market. To do so, we are focusing on the consumer's Internet, so as to introduce more people into blockchain technology. ".
Just like the rest of the blockchain, the rules on the games have yet to be written. With the start of the TRON Arcade fund, TRON is trying to dominate the conversation by helping to redefine the gaming market's future. Even so, this is not the first time that an important player has made a bet on blockchain games, and it would not have been the last time that proved unsuccessful.
It is still too early to determine which platform will ultimately be victorious in this search, especially considering that several failed departures have repeatedly prevented the scope of blockchain games. If TRON were to prove that its model works as expected, it could very well present a more accessible access ramp for greater mainstream blockchain adoption and ultimately promote long-term sustainability.
Shutterstock foreground image.
Get an exclusive cryptographic analysis by professional traders and investors on Hacked.com. Register now and receive the first month for free. Click here.
