The parent company of TRX digital asset, Tron Foundation, has concluded arrangements for the acquisition of CoinPlay, a blockchain app store. Justin Sun, the CEO of Tron, announced on March 28 via his Twitter handle. TRX currently occupies the 11th position on the ranking of top cryptocurrencies by market cap.
The Acquisition that Provides More Efficiency
Tron has such great plans that can now be implemented with the acquisition of CoinPlay. Tron plans to contribute to the aggregation of decentralized applications (DApps) and blockchain apps on a single platform, thereby removing the need to search for such apps on traditional app stores, according to the information provided on Tron’s blog.
CoinPlay reportedly offers a wide range of products and services such as blockchain games, softwares, browser navigation, practical guides, indices and ratings of top currencies. The acquisition of CoinPlay by Tron is a very strategic move that will enable the company to promote the adoption of blockchain on a global scale by paving the way for newcomers to easily gain entrance into the industry.
Also in the announcement, Tron disclosed plans to make additional developments to CoinPlay to increase its efficiency. These developments will come in the form of support of multi-platform, transaction price, multi-platform transaction volume, and multi-currency real-time quotes.
Tron Is Not Slowing Down On Acquisitions
The acquisition of BitTorrent, the operator of Utorrent and one of the best peer-to-peer clients in existence, by Tron is not a distant memory as it just happened not too long ago, precisely in July 2018, and now another company has been added to the list. Tron is not slowing down from the look of things.
Two months ago, the Tron-based token BTT was launched by BitTorrent to serve as its native token. The purpose of the token is to improve network speed and to make downloads much faster. Not long ago, BitTorrent revealed that its public beta version would be released in Q2 2019. The beta version will be for the decentralized social media app BitTorrent Live.
Tron MainNet Upgrade Now Complete
Justin Sun, Tron founder, has made it known that the company’s MainNet upgrade v. 3.5 has recently been completed. He went further to state that the company “will continue focusing on content and entertainment as a blockchain-enabled entertainment ecosystem.”
In other events, there has been a merger between Arrington XRP Capital, a digital asset management firm, and ByteSize Capital, a private fund and research company with interest in digital assets.