TRON Announces New GameFi Fund Amid Healthy Price Rebound

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The TRON Foundation has announced that it is launching a GameFi fund, the TRON Arcade fund. The company noted that it would sink about $300 million into GameFi and NFT-focused protocols developed on the TRON platform between now and 2024.

For those who do not know, GameFi is the umbrella term covering the gamification of Finance and the emergence of blockchain-native play-to-earn games. It also describes NFTs, one of the latest crypto raves used for tokenizing music, digital art, and other forms of content.

TRON created the GameFi-focused fund with APENFT and WINKLink and is undoubtedly one of the largest of its kind. Speaking on the development, TRON founder and CEO Justin Sun noted that:

“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.”

The Foundation’s foray into the GameFi sector comes when the blockchain-based video games sector is in a boom. Axie Infinity, an Ethereum-based video game, is the reigning leader of the sector. The platform recently hit a whopping 1 million active Daily players, has secured $1.1 Billion on NFT sales, and peaked at an all-time high market valuation of more than $3.1 billion.

Key Tron Levels to Watch — August 13

This week appears to be ending positively for TRON (TRX) and the crypto industry. Following this week’s rally, TRX peaked at slightly above the $0.0900 level, before suffering a sharp correction to the $0.0800 support yesterday.

TRXUSD – 4-Hour Chart

That said, the twenty-fifth-largest cryptocurrency managed to hold the $0.0800 support and used that level to its advantage as a ramp to climb higher. Currently, TRX approaches the $0.0900 resistance and could snap this level, bringing it closer to the critical $0.1000 mark. We expect a bullish continuation over the coming hours.

Meanwhile, our resistance levels are $0.0850, $0.0820, and $0.0800, and our support levels are $0.0900, $0.0950, and $0.1000.

Total Market Capitalization: $1.94 trillion

Tron Market Capitalization: $6.3 billion

Tron Dominance: 0.32%

Market Rank: #25

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *