The Tron Foundation, founded by Justin Sun, has joined forces with APENFT and WINKLink to launch the $300 million TRON Arcade fund, which will invest in GameFi projects over the next three years.
GameFi incorporates financial mechanisms into games, allowing users to earn money while they play. It is also referred to as “play-to-earn.”
According to a press release from the foundation, the fund’s goal is to support developers and create GameFi projects by creating decentralized finance (DeFi) content.
APENFT is a Tron-based non-fungible token (NFT) marketplace, and WINKLink is a TRON-based data oracle. Both are prototypes that are expected to be finished in the third quarter, with the joint product expected to be available to users in the fourth quarter.
“GameFi will be the next big thing that makes DeFi, NFT, and the larger crypto space easy to understand and participate in,” Sun predicted.