DLive has announced its recent acquisition by BitTorrent, which itself was acquired by Justin Sun and his TRON blockchain startup back in 2018 for $140 million.
The announcement reveals that the streaming service will be joining “the BitTorrent ecosystem” and will “begin the migration to the TRON blockchain” soon. It also claims that DLive is to advertise its “products and services on BitTorrent as well as using its newest service for storage”.
Additionally, DLive and BitTorrent share a joint-vision towards the delivery of “blockchain-based peer-to-peer content sharing, including live streaming, to everyone”.
This will see existing teams from the two companies working together to accompish mutual objectives – rather than a direct consolidation of resources. It is stated that DLive will assist the BitTorrent team in “bolster[ing] its products and sales”, and in return: DLive will be integrting the ‘BitTorrent File-Sharing System (BTFS)’ into its technology stack.
Finally: BLive (a streaming service announced by BitTorrent “in early 2019”) is to be merged with DLive, which could potentially cause changes to the latter’s branding, imperative, and service offering.
DLive is based on the LINO blockchain, which it will support until the completion of its transition to the TRON blockchain. It advertises itself as a blockchain based streaming platform and community, and as such: bears similarities to Twitch.
The company made headlines last year when one of the most popular content creators from YouTube, PewDiePie, moved all of his livestreaming to DLive.
TRON is a blockchain network and cryptocurrency token which is not without its fair share of controversies. Earlier this month, the company found itself at odds with Disney over its attempts to file ‘TRON’ trademarks – as it’s name and logo share many similarities with the ‘TRON’ movie and associated franchise.
Despite this, TRON still sits among the top cryptocurrency projects in China’s state-published rankings
“DLive is one of the best real-world examples of what is possible when you combine blockchain and digital media…
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.”Justin Sun (CEO of BitTorrent, Founder of TRON)
“We are ecstatic to have the opportunity to be part of the BitTorrent ecosystem…
I’ve watched them pioneer 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 Wayn (CEO of DLive)