Tron’s blockchain platform seems to have set its eyes on the South Korean gaming market, as recently it manages to pen a three-way deal with one of the largest crypto and blockchain industry organization residing in the country, along with some pretty well-known gaming companies.
Tron’s Head of Business Development, Roy Liu, held meetings with a large range of South Korean blockchain companies along with gaming officials in a recent behind-closed-doors meeting held in Seoul. Tron signed a memorandum of understanding with the Korean Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA).
KBCCA had this to say about the recent agreement with Tron,
“We want to create an environment in which Tron can actively invest in small- and medium-sized South Korean blockchain and gaming companies.“
Under the terms of this agreement, the two South Korean organizations will search for any potential suitors for Tron’s platform.
This deal isn’t the first time an international cryptocurrency company has attempted to seduce a highly lucrative South Korean gaming and blockchain industry. During the previous year, Enjin had announced it manages to successfully finalize a three-way deal of its own with KMGA and KBCCA.
Tron has already held investment meetings with a number of South Korean blockchain and gaming companies.
South Korea’s gaming industry is known to be the world’s fourth largest when it comes to sales. Domestic spending on mobile games reached up to $2.34 billion during 2017 with year-on-year rises in excess of 36%.
Tron further revealed it has managed to launch a charity drive that muse use of its blockchain technology. The crypto company stated that it will use this technology to track donations made through a charity that raises awareness of amyotrophic lateral sclerosis, which is also known as Lou Gehrig’s disease.
As stated in its press release, the company partnered up with the ALS Association, who will utilize the blockchain-tracked donation to further fund treatments and research into any potential cure for this debilitating ailment.