By
Steve Muchoki
May 10th, 2024
Recently, TRON has partnered and acquired various leading firms in the blockchain arena in an attempt to create the best infrastructure for a practically decentralized Internet. Now the company takes over blockchain App store CoinPlay.
TRON strives relentlessly to develop the infrastructure for an actually decentralized Internet. The foundation behind the creation of TRX, the 11th top crypto by market cap, announced that they have acquired CoinPlay. With this new acquisition, TRON plans to participate in the aggregation of many blockchain apps and decentralized applications (DApps).
The aggregation of these apps and DApps will take place on one platform. Hence, the move will eliminate the needs to search for the apps at conventional app stores. CoinPlay is an online digital coin mining platform designed ideally to help the new miners. TRON Foundation is proactively promoting the blockchain technology targeting mass adoption.
Despite TRX ranking below the top 10 cryptos, the Foundation keeps working to enhance the TRON ecosystem. After the purchase of BitTorrent, CoinPlay is a step ahead for TRON since it is the pioneer global blockchain app store. Justin Sun, Tron Foundation’s Founder and CEO, tweeted on March 28 to follow up the announcement on Tron’s blog.
Fellow #Tronics: I'm proud to officially announce that #TRON has successfully acquired CoinPlay. From now on, @CoinPlayShop becomes part of TRON ecosystem, together with #BitTorrent, making TRON one of the largest decentralized ecosystems in the world.#TRX https://t.co/1Sufen2aVh
— H.E. Justin Sun 孙宇晨 (@justinsuntron) March 28, 2019
More About CoinPlay
Currently, CoinPlay positions itself as a leader in the blockchain application storage industry. It aims to provide the best, most comprehensive, suitable and updated blockchain apps gallery. At the moment, it is hard to vet the source for safe blockchain apps download and CoinPlay has a solution. TRON and CoinPlay agree on offering better user experience for all blockchain stakeholders and practitioners in the industry.
TRON decided to acquire CoinPlay to continue its efforts of building a decentralized internet. Thus, the two firms target to offer an exquisite user experience in the entire blockchain industry. CoinPlay currently features several blockchain applications and decentralized apps. With this acquisition, users can now download blockchain software and games quickly and easily.
It is also worth noting that TRON and CoinPlay are also trying to provide multi-platform and multi-currency support. Sun added that:
“TRON recently completed its MainNet upgrade v. 3.5. As a blockchain-based entertainment ecosystem, we will continue focusing on content and entertainment. The recent acquisition of CoinPlay aims to better serve the blockchain industry. The year 2019 will be the year of exponential growth for the TRON ecosystem.”
TRON Latest Partnerships and Acquisitions
Since the start, the TRON ecosystem has gained remarkable growth and accumulated considerable momentum. Several weeks ago, TRON acknowledged a new partnership with Tether (USDT). The partnership was made to help in the issue of USDT coins that are backed by the US dollar on a 1:1 rate. Soon, the USDT will move from the OMNI platform transitioning into a TRC20-based USDT coin.
The CoinPlay acquisition follows the purchase of BitTorrent, a major peer-to-peer (P2P) client. BitTorrent is also the operator of the wide-ranging torrent client Utorrent. We published in June 2018 that TRON took over the company for $140 million. The company designs distributed technologies. These technologies keep intelligence at the edge, scale efficiently, and ensure that creators and consumers remain in control of their content and data.
We also announced in January 2019 that BitTorrent launched its Tron-based token BTT. The new BitTorrent Token (BTT) will be entirely issued in the framework of Project Atlas. Additionally, the token will optimize network speed and offer faster downloads.
Recently, we also noted that BitTorrent is preparing to release its public beta version for decentralized social media app BitTorrent Live. The launch of this social media app may take place in Q2 2019.