Place/Date: SAN FRANCISCO, CA - October 22nd, 2020 at 3:00 pm UTC · 3 min read
Contact: BitTorrent, Source: BitTorrent Inc.
BitTorrent Inc., the leader in peer-to-peer (P2P) technology, today announced plans to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. BitTorrent X represents the transformation of BitTorrent, a world-renowned peer-to-peer service from a software company into a conglomerate of decentralized storage and data protocols and content distribution platforms. The entirety of BitTorrent X’s utilities and services will be powered by the BTT cryptocurrency.
BitTorrent started as a data transferring protocol used not long by over 2 billion users but also some tech giants such as Facebook, Twitter and Blizzard. It also inspired the design of Bitcoin and the movement of decentralization. Acquired by Justin Sun, Founder of TRON Network, back in 2018, BitTorrent carried on its current business meanwhile exploring more ways to collaborate with cryptocurrency BTT and bring blockchain and cryptocurrency to mass adoption.
BitTorrent X represents a new era of BitTorrent, not only being a household name in data sharing but also a new ecosystem supported by the next-generation infrastructure for decentralized data storage (BitTorrent File System, or BTFS), distribution (BitTorrent), and now streaming (DLive.tv and Decentralized live streaming protocol, DLive Protocol).
Justin Sun, founder of TRON and CEO of BitTorrent, said:
“BitTorrent X is the next step in establishing a truly decentralized internet. In one big step, the BitTorrent X ecosystem may drive blockchain-related tools to billions of devices. Hundreds of millions of users will have access to the next era of tools to share, store, and stream their content directly to anyone across the web.”
Charles Wayn, CEO of DLive, says:
“The acquisition marks a new start for DLive.tv. We are more than excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities. Together with the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space, and furthermore create value for our global community.”
In December 2019, DLive formed a strategic partnership with BitTorrent to further the path of decentralization. BitTorrent announced today that it has officially acquired DLive.tv, one of the leading Esports live streaming platforms in the world with seven million active users and more than 200,000 active content creators.
With its official acquisition by BitTorrent, DLive will become an essential part of the BitTorrent ecosystem with the following milestones.
TRON and BitTorrent plan to provide more details about BitTorrent X during a live event in November.