The BitTorrent protocol developer announced plans to acquire the live-streaming platform DLive. The company intends to unite all of its related services into a single ecosystem, BitTorrent X.
Whoa!@BitTorrent today announced the acquisition of live streaming platform, @OfficialDLive and plans to migrate all of their services to one unified ecosystem named BitTorrent X powered by #BTT. #TRX #BitTorrentX https://t.co/WdBDbLYJkS
— TRON Foundation (@Tronfoundation) October 22, 2020
According to the statement, the new ecosystem will provide in a single infrastructure support:
- decentralized data storage (BTFS);
- content distribution (BitTorrent);
- video streaming (DLive).
All BitTorrent X services will run on the BTT token.
“BitTorrent X is the next step in creating a truly decentralised Internet,” said Tron founder and BitTorrent CEO Justin Sun.
TRON and BitTorrent plan to provide more details about the future ecosystem during an interactive event in November.
In December 2019, DLive entered into a strategic partnership with BitTorrent, under which it migrated to the Tron blockchain and integrated BTT.
Justin Sun acquired BitTorrent in 2018.
Earlier, Bram Cohen stated that he had only recently received from Sun most of the sale price for the company, and that it was less than agreed.
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