Tron Foundation’s TRX has recently acquired CoinPlay, a blockchain application store as announced in a tweet on March 28 by Justin Sun, the CEO of the global Tron Foundation. The merger cemented Tron as the world’s largest decentralized trading platform.
The integration of the two companies aims at getting rid of the various hurdles one encounters trying to find a decent blockchain trading app as announced on Tron’s official blog.
CoinPlay plays host to an array of blockchain technology meant to entertain users and navigators in the form of games and also provides informational guides to new users. It features a wide range of blockchain and decentralized applications. Users on CoinPlay can effortlessly download games with just the click of a button. Tron with its latest acquisition hopes to promote and increase blockchain and crypto technology globally.
The announcement also stated CoinPlay’s advancement into the blockchain realm with the multi-platform and multi-currency feature offered to its users.
Tron’s Recent Acquisitions
Tron also acquired BitTorrent, a year ago, in 2018. In January 2019, BitTorrent token was launched by BitTorrent which is a Tron based token. The token was created to provide efficient downloads and faster speed. BitTorrent also announced the launch of a preliminary testing version for BitTorrent Live.
Justin Sun, CEO of the Tron foundation declared the completion of the company’s MainNet upgrade v.3.5. The company also announced its collaboration with Tether (USDT). USDT is all set to diverge from its former OMNI platform into a TRC20-based USDT coin.
As of now, Tron is ranked as the 11th largest digital business in the cryptosphere. 2019 seems to be a promising year for Tron with its recent acquisition and promised market upgrade which is expected to catapult the company to unprecedented heights.