Tron Foundation Acquires CoinPlay, The First Ever Blockchain App Store

The developers of Tron have managed to make an exciting acquisition recently, having taken over CoinPlay, a blockchain app store, which their announcement claims to be the “first global” one of its kind.

Tron is known for having created a leading cryptocurrency (TRX) as well as a great network suitable for the effective deployment of decentralized applications or dApps. With this new acquisition, Tron has managed to take another leap towards a bright and established future.

This constitutes one of the most significant acquisitions of Tron since it took over BitTorrent last year. The announcement came in the form of a blog post from the Tron developers who chose reiterate their original motto and mission statement. The mission statement was to create an infrastructure that would facilitate the true and complete decentralization of the internet. This new deal also represents an attempt to solidify the move towards the very same goal.

The marriage of their original vision with the idea of CoinPlay has been explained in the following words:

“TRON is dedicated to building the infrastructure for a truly decentralized Internet. CoinPlay positions itself as a blockchain application store that aims to offer the most comprehensive, suitable and updated blockchain apps. Currently, popular blockchain apps are often hard to find at conventional app stores, and it is difficult to screen the source for safe download. TRON and CoinPlay shares the same vision: providing better user experience for blockchain practitioners in the industry.”

CoinPlay, according to the Tron Foundation, will play a major role in building a web that sees the peer-to-peer exchange of technology elements. With CoinPlay, the Tron Foundation is hoping to build a comprehensive platform for not just apps and codes but also tutorials and strategic investment opportunities which will all contribute to having better cryptocurrency projects.

With regard to this new acquisition, Tron founder Justin Sun had the following statement to make:

“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.”