Just fully established a little less than a year ago, the Indonesia-based platform raises an undisclosed amount of funding PlayGame, Indonesia-based blockchain gaming platform announced today that TRON has injected an undisclosed amount into the company. TRON is a decentralised blockchain-based protocol that aims to build a worldwide free content entertainment system. Also Read: Personal finance […] The post Blockchain gaming platform PlayGame secures funding from TRON appeared first on e27.
18 Feb, 2019E27.CO
PlayGame, Indonesia-based blockchain gaming platform announced today that TRON has injected an undisclosed amount into the company. TRON is a decentralised blockchain-based protocol that aims to build a worldwide free content entertainment system.
TRON’s investment to PlayGame is said to be focussed on accelerating the company’s plan to launch Proof of Play and crypto payment gateway. Carrying the mission to introduce the blockchain-gaming, the funding will also be used to support expansion plans in South East Asia, Japan, Korea, China, and other key-growth markets and to simultaneously build partnership and alliances with strategic partners.
PlayGame was launched in June 2018 by Anton Soeharyo, who was the former CEO of Touchten Games, one of Indonesia’s leading game developer.
PlayGame seeks to overcome hurdles that game developers face regarding the lack of transparency, piracy issues, inefficient payment calculation, and distribution in the industry using a smart contract platform. It allows game publishers, developers, crypto-enthusiasts, and gaming communities around the world to monetise the use of cryptocurrencies without a single deduction to their revenue and make sure all activities and transactions are transparent.
Within a relatively short amount of time, PlayGame has managed to have over 67 per cent paid competition with an average of 272 PXG and two times more players competing in paid competition. The biggest PXG issued was 500,000 PXG, and a total of 59 per cent players on the platform do have PXG on their account.
Aside from backing PlayGame, TRON has also announced the launch of a US$100 million blockchain gaming fund to speed up the integration of cryptocurrencies with gaming in three year span. The fund will support the establishment of TRON Arcade to generate more ideas and transform them into actual games to empower developers.
Image Credit: PlayGame
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