TRON Acquires 'Very First' Blockchain App Store, CoinPlay

The developers of Tron (TRX), one of the world’s largest networks for building and deploying decentralized applications (dApps), have made what appears to be their most significant long-term acquisition since acquiring BitTorrent last year.

As explained in an official blog post published on March 28th, 2019, TRON has acquired the “very first global blockchain app store,” called CoinPlay. Explaining why the deal was made, Tron’s official blog first states that the crypto platform’s team members remain committed to their initial mission statement: “building the infrastructure for a truly decentralized Internet.”

Sizing Up The Current Market For Blockchain Apps

Going on to describe how CoinPlay will play a key role in fulfilling the objective of creating a peer-to-peer (P2P) technology-based web, Tron’s blog notes: 

CoinPlay positions itself as a blockchain application store that aims to offer the most comprehensive, suitable and updated blockchain apps. Currently, popular [distributed ledger technology (DLT)-based] apps are often hard to find at conventional app stores, and it is difficult to screen the source for safe download.

In order to offer a better “user experience” for blockchain enthusiasts, TRON (the main organization focused on the development of the Tron platform) and CoinPlay are planning on building the core technologies required for providing a secure ecosystem for accessing DLT-based apps.

TRON’s management claims that with its $140 million acquisition of BitTorrent during the summer of 2018, the Justin Sun-backed Tron platform has effectively “become the world’s largest decentralized Internet ecosystem.” With TRON’s most recent acquisition of CoinPlay, the smart contract platform’s management believes it is now in a position to “further [help] advance the development of the blockchain community.”

As mentioned in the announcement, CoinPlay currently provides a “wide range of blockchain apps and dApps” - which are reportedly accessible with “one-click downloads.” Included in CoinPlay’s online store are proprietary DLT-based software, gaming apps, and also practical guides that users can read to learn more about decentralized technologies.

Working On Creating A “Multi-Platform, Multi-Currency” Network

CoinPlay’s platform also features intuitive “browser navigation,” a built-in ratings system - in addition to “indices of major currencies,” Tron’s blog post noted. At present, CoinPlay’s team is working on developing a “multi-platform, multi-currency” network that will provide “real-time quotes” and also a “multi-platform transaction volume/transaction price” system. Additionally, CoinPlay users will have access to advanced “Github query” features.

Some other key features of CoinPlay (with some under development) are as follows:

  • “comprehensive use of graphic tutorials for new users,”
  • “high-quality content of the crypto industry,”
  • “links to more high-quality projects and cryptocurrencies.”