BitTorrent has been sold to blockchain startup for an alleged $140M

BitTorrent, one of the most recognisable brands in the world of decentralised computing and peer-to-peer networking, has been sold to a blockchain-focused startup – Tron – helmed by Justin Sun, formerly of Ripple Labs.

Tron’s mission seems to be the creation of a decentralised internet computing platform aimed at entertainment using blockchain technology. The company’s plans go beyond just the entertainment sector, however, with the hopes of becoming, perhaps, a real-life Pied Piper and creating a truly decentralised internet.

With this in mind, the BitTorrent acquisition does make a lot of sense, given the company is not only well-versed in the technologies necessary for decentralised, peer-to-peer networking through its software and protocols but also has a foothold in the entertainment industry via BitTorrent Now, helping independent artists and musicians promulgate their work using the same technology used to pirate the latest episodes of your favourite TV shows.

While initial reports about the sale

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