BREAKING: Justin Sun and TRON to Acquire Steemit

BREAKING: Justin Sun and TRON to Acquire Steemit

According to Chinese media Mars Finance, Justin Sun is looking to acquired Steemit, a part blogging platform, part social network, that rewards contributors with Steem tokens. Steemit was created by Ned Scott and EOS founder Dan Larimer. The team launched the social media platform Steemit as the first application built upon Steem blockchain.

Global Coin Research is the first English outlet to break the news.

This free access of Global Coin Research’s insights is offered to our loyal readers as a representation of the unique information and insights our members receive weekly. If you’d like to receive all subscription content on our site and via our weekly newsletter, join here!

Subscribe above and get the best access into Asia crypto and blockchain right in your inbox ??

Mars Finance, a Chinese media platform recently invested by Binance, Matrixport, and other influential investors in China, just reported that Justin Sun said that he has wrapped up multiple acquisitions in the last week, and is about to announce the acquisition of the crypto social platform Steemit.

Five days ago, Sun Yuchen, the founder of TRON, revealed on his profile on the Chinese social networking Weibo that two mergers and acquisitions have been recently completed. But since then, this comment seems to have been deleted.

Steemit was created by Ned Scott and EOS founder Dan Larimer. The team launched the social media platform Steemit as the first application built upon Steem blockchain.

Further details of the deals have not been disclosed by Justin or the TRON team. At the TRON foundation Summit earlier in 2019, Andrew Levine, Content Director of Steemit, and Mick Tsai, the partner of Contentosio (COS) discussed the issue of “How the blockchain changes content” at the summit. The two gave constructive opinions of the current content creating according to the tweet.

When initially built, TRON’s original pitch was to become an entertainment and content sharing platform. Should the Steemit acquisition actually realizes, the company would have immediately a robust network of contributors and content in place to fulfill its original goal.

Want to learn more about Justin Sun and Tron? Don’t miss our detailed and well-received writeup about Justin Sun and his Game of International PR.

  • Damir says:

    Justin can fuck off. If he manages to turn the biggest dapp in crypto into a TRON shilling machine wer all pretty much screwed.
    Its a scary thought thinking what CZ and Justin will do if they start buying up stuff thats actually worth a damn and is used.
    He should go and buy MINDS, Publish0x, Cent or some other platform no one uses. (that he can get cheap)

    If he even tries to pull some crap like that im sure there will be a harsh reaction by the community to this.
    He should take his centralization dreams somewhere else.

Leave a Reply

Your email address will not be published. Required fields are marked *

More from GCR

Anthony Avedissian - DAO Investing with Seed Club Ventures

Featured GCR Announcement GCR Exclusive Podcast

Anthony Avedissian – DAO Investing ...

Anthony Avedissian is a Partner at Seed Club Ventures, a $25 million Venture DAO investing in early-stage projects building infrastructure and applications that improve decentralized ...


GCR Community Events Recap

GCR IRL: ETHDenver 2023 was off the hook! The recent ETHDenver meetup was an absolute blast! From February 24th to March 5th, 2023, the GCR ...

Why GCR Invested in Magic Eden?

Featured GCR Exclusive Insights Layer-1 Premium

Why GCR Invested in Magic ...

Introduction In early 2021, the Non-Fungible Token (NFT) market experienced a massive surge in popularity, with sales volume increasing drastically and prominent celebrities, artists and ...