The TRON Foundation has announced plans to release a blockchain-based fund focused on the gaming industry.

According to a press release, the new gaming fund, which will be named the TRON Arcade, will be designed in order to provide developers with the ability to harness the blockchain for more features. TRON gained BitTorrent earlier this year in June in order to read the development of the new project.

The company’s CEO Justin Sun has said that the new fund is going to “play a crucial role” in TRON’s future. He said:

“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.”

The company says that it is making mammoth efforts in order to advocate for the mass adoption of blockchain technology::

TRON Arcade, the company’s $100M blockchain game fund, is a bold move into the gaming industry. TRON is also expanding into other industries, such as charity, enterprise solutions, consumer internet, social media, and entertainment. The company is dedicated to building a global, decentralized Internet ecosystem and ushering the world into Web 3.0.”