Tron Foundation acquires first global blockchain app store CoinPlay

Tron Foundation has been proactively promoting blockchain technology. Despite Tron [TRX] being pushed out of the top 10 cryptocurrencies, the Tron Foundation is working to develop the Tron ecosystem. The Foundation’s recent CoinPlay acquisition is one such development.

CoinPlay, an online digital coin mining platform designed for new miners, was acquired by Tron. After the BitTorrent acquisition, CoinPlay is a step ahead for Tron as CoinPlay is the first global blockchain app store. Tron Foundation’s Founder and CEO, Justin Sun, made the announcement on Twitter,

“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”

According to the blog published by the Foundation, the acquisition will help Tron build a “truly decentralized Internet”. The blog also states that CoinPlay is a blockchain application store that offers the most comprehensive, suitable, and updated blockchain apps.

CoinPlay brings along various blockchain Apps and DApps and will soon support multi-platform, multi-currency, real-time quotes, multi-platform transaction volume/transaction prices, and GitHub query, informed the blog post.

Sun said,

“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.”

Tron previously announced its partnership with Tether to provide USDT backed by the USD at the rate of 1:1, claiming to offer incentives to early adopters. The Foundation aimed to use this strategy to get more people into DApps. The blog stated that Tron chose Tether because it was more economical and because of its belief that a concrete stablecoin payment experience would enable users to start paying attention to DApps.