TRON Foundation, Achain invest in blockchain gaming startup PlayGame

TRON Foundation has made an investment in an Indonesian blockchain-powered gaming platform PlayGame, Tech In Asia reported. The details of the investment have not been disclosed.

Founded in September 2017 by Justin Sun, TRON is a blockchain protocol for decentralized applications. Last November, it announced its plans to establish a blockchain game fund, called “TRON Arcade”.

PlayGame was established in June 2018 and aims to “overcome the hurdles standing in the way of game developers,” such as “lack of transparency, piracy issues, inefficient payment calculation, and distribution.”

The gaming startup aims to use the latest funding to accelerate its “proof of play” and launch its crypto payment gateway. PlayGame also intends to expand its platform to Japan, Korea, China, and Southeast Asia.

“Featuring a smart contract platform that 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, the platform will put game developers and gamers at ease as they can secure that all activities and transactions are transparent,” PlayGame said in an online post.

In addition to TRON, public blockchain platform Achain has also made an undisclosed investment in PlayGame.

“The investment from Achain is expected to further grow PlayGame’s network and build the platform’s capacities, recalling the strategic partnership that both parties entered into earlier. Specifically, Achain will help PlayGame penetrate the mainland Chinese and East Asian markets through guided strategies and assistance in exchange listings across the region,” PlayGame said.