Justin Sun, the founder of blockchain-focused startup Tron, has purchased BitTorrent, the owner of the file-sharing client MuTorrent, for $140 million, according to The Hacker News.
Tron is a decentralized entertainment and content-sharing platform, and of course BitTorrent was a pioneer in the world of distributed file-sharing, and Sun said he hopes to use BitTorrent’s recognizable brand in the course of building out his own company’s content sharing system.
Tron is hoping to build a platform where users can publish content without ceding any control to a third-party like one would with YouTube or Facebook.
Source/More: BitTorrent Sells For $140 Million To Blockchain Startup Tron | Zero Hedge
