Justin Sun’s BitTorrent has recently acquired a blockchain-based live streaming platform, DLive.
With DLive acquisition, Justin Sun added yet another notable firm in his portfolio. The acquisition followed the most recent Poloniex crypto exchange and BitTorrent. Per the deal report, DLive which is currently built on top of the Lino blockchain test net will be migrated to the Tron blockchain. More so, the platform will merge with BLive which is Tron’s streaming equivalent platform. A while back, Visionary Financial had reviewed the DLive experience / platform. It seems like Justin Sun has interest in a lot of the core features DLive has to offer.
DLive is in operation since September 2018 which boasts over 3.5 million monthly users. However, the platform caught the mainstream media headlines when famous YouTuber PewDiePie switched from YouTube to the DLive blockchain streaming platform.
The acquisitions widened the reach of the BitTorrent ecosystem as both projects will work together to “bring blockchain-based peer-to-peer content sharing, including live streaming to everyone”. As part of the partnership deal, DLive can use BitTorrent to advertise their products and services. More so, it can add its newest service for storage on BitTorrent.
Speaking about the acquisition deal, Justin Sun, CEO of BitTorrent remarked DLive is the “best real-world example that combines blockchain and digital media,”. He went on to add that;
“DLive is a great solution for live media producers. Think of how valuable live streaming content is already to centralized social media platforms who take ownership and advantage of their users’ hard work. We look forward to DLive bringing value to the entire world with the addition of TRON and BitTorrent’s global community of passionate creators.”
Following Sun’s remarks, Charles Wayn, CEO of DLive expressed his pleasure to be a part of the BitTorrent ecosystem. He elaborated that Tron has been the pioneer of the digital peer-to-peer space.
DLive’s goal of empowering creators and rewarding communities is one step closer with the amplification of this new venture, Charles Wayne explained.
Image Source – Flickr
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