Justin Sun’s TRON Acquires Global Blockchain App Store CoinPlay to Boost TRX Ecosystem
Justin Sun, the CEO and Founder of the Tron (TRX), announced that Tron has acquired CoinPlay, a blockchain application store that aims at offering updated blockchain applications. The information was released by the Tron Foundation in a blog post on March 28.
Tron Acquires CoinPlay
In order to continue building a decentralized internet, Tron decided to acquire CoinPlay, a blockchain app that offers the best applications in the market. In general, it is difficult to find blockchain apps at conventional app stores and download them. Now, these two firms aim at providing a better user experience in the blockchain industry.
Back in 2018, Tron acquired BitTorrent, one of the largest decentralized networks in the world. Additionally, they have launched the BitTorrent Token (BTT) a few weeks ago. Thus, with the latest acquisition of CoinPlay, the intention is to further advance the development of the blockchain community.
There are different blockchain applications and decentralized apps that CoinPlay is currently featuring. In just a click, users can download blockchain software and games in a very easy way. It is worth mentioning that they are also trying to offer multi-platform and multi-currency support, among other interesting features.
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
— Justin Sun (@justinsuntron) March 28, 2019
Justin Sun commented about the recent purchase:
“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.”
Some weeks ago, Tron announced a new partnership with Tether (USDT) in order to issue USDT coins that are pegged to the US dollar on a 1:1 rate. USDT will be transitioning from the OMNI platform to become a TRC20-based USDT coin.
At the time of writing this article, Tron is the 11th largest digital asset in the market. It has a market capitalization of $1.56 billion and each coin can be purchased for $0.0234.