The Tron Foundation is expanding its ecosystem with today’s announcement of a new partnership with Steemit Inc., the largest decentralized blockchain-based social media and blogging platform.
Steemit will begin its migration to the Tron network, adding to Tron’s base of users and platforms that includes strategic partnerships with Samsung, Poloniex, Opera and DLive.
Strategic acquisitions and partnerships with platforms that deliver large userbases have positioned Tron to expand its products and services to over 20 million users, according to the company’s estimate.
With the migration of Steemit, which powers a stack of blockchain-based social media platforms including YouTube alternative D.Tube, Instagram alternative APPICS and fitness Dapp Actifit, Tron’s network is poised to gain over one million users.
Old Steem tokens will be converted to new Tron-based Steem tokens.
According to the announcement,
“This partnership further empowers TRON’s title as the blockchain industry’s leader in distributed ledger technology with over 800 Dapps now in its ecosystem.”
While Ethereum remains the largest ecosystem for decentralized applications that leverage smart contracts, driving the majority of the DeFi movement, Tron has carved out its niche as the second-largest ecosystem through a mix of gaming, gambling and social media applications.
The Steemit partnership will emphasize the use of cryptocurrencies, a new accelerator program and giveaways to users who hold Tron’s native cryptocurrency TRX.
Says Ned Scott, former CEO, chairman and founder of Steemit,
“Steemit is the original conception of forums meeting cryptocurrency to achieve mass adoption — where cryptocurrency could be distributed as easily as ‘likes’ and ‘upvotes’ and this high powered distribution mechanism would bring adoption and appreciation to the currency and the social network.”
Featured Image: Shutterstock/sdecoret