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When it comes to Blockchain as budding technology and cryptocurrencies as evolving currency system, it comes forward as the most probable solutions to get rid of bottlenecks that exist in almost all industries. From the recent past, we have been witnessing various acquisition deals in 2019 within the gamut of blockchain and cryptocurrencies for gaining synergy. Some renowned instances have been: Gemini with NFT (Nifty Gateway), Ripple with MoneyGram, Binance with JEX, eToro with Delta, eToro with Firmo for smart contract businesses, iStox with Tokai, Binance with WazirX
For now, we have probably the final M&A deal of the year before we begin with the New Year (2020), Yes, DLive has been the latest choice of Tron’s acquisition, the founder Justin Sun announced.
“DLive is one of the best real-world examples of what is possible when you combine blockchain and digital media,” said Justin Sun, the CEO of BitTorrent. “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.”
DLive is going to be part of Tron and its subsidiary, ‘BitTorrent’. Thereby, with the objective of the blockchain-driven live streaming and peer-to-peer content sharing possibilities will now associate with Poloniex and BitTorrent.
DLive likely to migrate to the Tron blockchain and merge with BLive which was introduced by BitTorrent earlier this year (Tron’s trivial equivalent for streaming), DLive is presently built on the Lino blockchain testnet. The Lino Network, has also announced a strategic partnership with BitTorrent.
To conclude this write-up, we reiterate that the series of M&A deals, lucrative and the lingering prospects among the Blockchain/FinTech space has led the keen interest continues to mount everywhere, reputed institutions from Big 4 auditing firms to the central banks and digital media industries of advanced economies have been investing into the projects of blockchain and cryptocurrency gamut.
