- Tron has launched another venture, a blockchain gaming fund, ‘Tron Arcade’.
- The fund is expected to have a total investment size of over $100 million, over the next three years.
Tron (TRX), are looking to launch a blockchain-based gaming fund, which is said to be called ‘Tron Arcade’. It is noted the creation of this is to empower developers, with a total investment size said to be at a chunky $100 million, over a three period.
The founder of Tron, Justin Sun, commented on the back of the Tron Arcade launch intentions, noting it will play a crucial role in the foundation’s expansion plans. As they continue to dominate the news wires of late.
TRX/USD is seen up over 5% in the session today – Thursday, trading at $0.01570 at the time of writing. Price are recovering from the recent bearish trend. Tron is the 11th largest cryptocurrency by market cap, which is seen at $1.05 billion.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Crypto community reacts to rumors Kamala Harris could make SEC Gensler Treasury Secretary
![Crypto community reacts to rumors Kamala Harris could make SEC Gensler Treasury Secretary](https://editorial.fxstreet.com/images/Resources/CryptoWorldSEO3_XtraSmall.jpg)
The crypto community reacted to a report on Monday alleging that Kamala Harris will likely nominate Securities and Exchange Commission Chair Gary Gensler as Treasury Secretary if elected. The report accompanies the Democratic National Convention.
Ethereum gas fees hit record lows as ETH attempts historical price move
![Ethereum gas fees hit record lows as ETH attempts historical price move](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Ethereum/ethereum_XtraSmall.jpg)
Ethereum is down over 3% on Monday after posting weak flows across ETH ETFs and record lows in gas fees last week. The decline also coincides with ETH attempting to repeat a historical price move that it experienced in the last two years.
ADA slips out of top 10 cryptos, risk heavy correction as on-chain indicators turn bearish
![ADA slips out of top 10 cryptos, risk heavy correction as on-chain indicators turn bearish](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Cardano/Cardano_Coin_31_XtraSmall.jpg)
Cardano slipped out of the top 10 cryptocurrencies by market capitalization on Monday following a bearish signal across several of its on-chain metrics. ADA has largely underperformed in the current cycle compared to other altcoins, considering its price has been on a five-month decline since mid-March.
XRP Ledger sees big drop in transactions in 2024
![XRP Ledger sees big drop in transactions in 2024](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/cryptos_XtraSmall.jpg)
Ripple trades at $0.5833 on Monday as the altcoin extends gains and recovers from the crypto market crash in early August. The Ripple stablecoin announcement, the Securities & Exchange Commission vs. Ripple lawsuit ruling and recent research reports published by SBI-owned HashHub are the key market movers for the altcoin this week.
Bitcoin: Signs of weakness persist
![Bitcoin: Signs of weakness persist](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Bitcoin/bitcoin_XtraSmall.jpg)
Bitcoin (BTC) trades above $58,000 on Friday after after testing and failing to overcome the resistance level around $62,000 earlier in the week. The risk-on mood returned to markets this week, Marathon Digital added 4,141 BTC worth $249 million to its holdings and the US SEC approved a MicroStrategy leveraged ETF, potentially giving investors more exposure to Bitcoin.