Tron, issuer of the 11th top cryptocurrency by market cap, has acquired blockchain app store CoinPlay.
The Tron Foundation, the firm behind TRX, the 11th top crypto by market cap, has acquired blockchain app store CoinPlay, Tron’s CEO, Justin Sun, tweeted on March 28.
With the new acquisition, Tron intends to contribute to the aggregation of a wide range of blockchain apps and decentralized applications (DApps) on one platform, eliminating the need to look up those apps at conventional app stores, according to the announcement on Tron’s blog.
CoinPlay reportedly offers a variety of blockchain software and games, as well as practical guides, browser navigation, ratings and indices of major currencies. By acquiring CoinPlay, Tron aims to promote the global adoption of blockchain by facilitating the entrance newcomers to the industry.
According to the announcement, CoinPlay’s further developments will include support of multi-platform, multi-currency real-time quotes, multi-platform transaction volume and transaction price.
The new acquisition follows Tron’s acquisition of BitTorrent, the major peer-to-peer (P2P) client and the operator of the widespread torrent client Utorrent, in July 2018.
In January 2019, BitTorrent launched its native Tron-based token BTT. The token is designed to optimize network speed and provide faster downloads. Recently, BitTorrent announced that is will release its public beta version for decentralized social media app BitTorrent Live in Q2 2019.
Tron founder Justin Sun also revealed today that Tron has recently completed its MainNet upgrade v. 3.5, adding that the company “will continue focusing on content and entertainment as a blockchain-enabled entertainment ecosystem.”
In other M&A news, digital asset management firm Arrington XRP Capital merged with cryptocurrency-focused private fund and research house ByteSize Capital, as Cointelegraph reported yesterday.
