Yesterday, the Tron Foundation reported a new significant acquisition for the future of the Tron (TRX) ecosystem. Accordingly, Tron bought BlockChain.org domain which, as Justin Sun informed, would be a search engine and information platform within the blockchain.
“[BlockChain.Org] will be a platform that offers big data analysis, project evaluation, information search and other services for users in the blockchain field,” stated Justin Sun, Tron (TRX) founder.
BlockChain.Org is currently under development and will soon be launched officially, even though an exact date has not yet been disclosed. However, it is expected to be a platform dedicated to the users in the blockchain industry that would eventually help blockchain technology grow.
The platform would also benefit the Tron (TRX) ecosystem and the Tron Foundation which would better comprehend what the Tron community prefers and what the other blockchains’ users want in the current and the upcoming cryptocurrencies market.
Tron Foundation acquisition of BlockChain.Org domain comes in a right moment for Tron (TRX)
With BlockChain.Org, Tron Foundation will focus on “big data,” gathering information about the overall blockchain ecosystem for the users involved in this technology. Tron would monitor and trace the events on social media and search engines to collect data and will process it to make the analyzed information available for the users.
The acquisition of BlockChain.Org domain and the concept of the platform comes at a very auspicious time for Tron (TRX) and Tron Foundation which recently purchased the decentralized BitTorrent platform and is running its own MainNet smoothly.
Additionally, Tron recently rolled out the Tron Virtual Machine, planning on taking the Tron (TRX) on the next level, and to accomplish its mission to decentralize the web.
At the moment of this writing, Tron (TRX) is trading at $0.022, dropping by about 10% in the last 24 hours, following the downtrend the cryptocurrencies market is experiencing currently. TRX is now on the 10th position in the market, totaling a market cap fo about $1,48 billion.