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Tron Foundation, one of the largest mainstream smart contract platforms, is going to start a massive fund to incubate and curate the most promising GameFi and NFTFi projects.
$300 million for three years: Tron Foundation increases its bet on NFT and gaming
According to the official press release shared with U.Today, Tron Foundation and Tron-based gambling and NFT majors - WINKLink and APENFT - have announced the launch of a massive fundraising initiative.
TRON Arcade, an unparalleled NFTFi- and GameFi-centric fund will support early-stage digital asset startups that address NFT-oriented decentralized finances (NFTFi) and gamified DeFis (GameFi).
In 2021, the lines between DeFis, NFTs and decentralized gaming are blurred. As a result, the euphoria around developing integral protocols is gaining its steam.
In particular, decentralized, crypto-fueled initiatives in sphere of VR and AR will attract new generations of gamers, investors, and 'yield farmers'.
GameFi ecosystem by APENFT and WINKLink to go live in Q3-Q4
Justin Sun, founder of TRON and CEO of BitTorrent, stresses the importance of the emerging segments for the entire digital economy evolution:
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 is excited to be partnering with APENFT and WINKLink to build a robust GameFi ecosystem that is accessible to all
Besides the massive funding initiative, Tron Foundartion, APENFT and WINKLink tease the release of a robust holistic GameFi ecosystem, a one-stop solution for enthusiasts of 'Play-and-Earn' solutions.
The prototype of this product will be ready by the end of Q3, 2021, while the public testing of it is expected in Q4.