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Here is why Jack Ma’s Alibaba needs to be serious about partnering with TRON
The TRX community is not new to speculation and predictions. Whether it be about the price movements of TRX or future partnerships, that much can be said especially with the recent rumors of a possible partnership between TRON and Alibaba group (the E-commerce giant of the East).
What you need to know about the Rumour
Well, if this comes as a surprise to you, here is a brief recap. The whole situation actually started when the founder of TRON, Justin Sun mentioned in a post on tweeter about the possible exciting partnership announcement between the now top ten ranked cryptocurrency and its ‘biggest partner ever’. With that single post, the whole community was abuzz with excitement that has lasted a couple of weeks.
Tron has been growing over the past few months with a current team of over 100 members in its Beijing headquarters plus plans for increasing the team to a full house of 400 members working on the platform. If Tron’s founder Justin Sun is able to achieve this by the end of the year, he will comfortably be on track to beat top organizations like Ethereum that boast of over a thousand members on its team.
With this kind of workforce, the speed of development on TRON runaway will obviously increase and with that comes more partnerships with leading firms and entities. But with that being said, the one partnership that TRON enthusiasts are waiting for with baited breaths is the partnership with Jack Ma’s Alibaba Group.
Already there have been speculation and perdition that the planned partnership is set to happen somewhere in the middle of this month. So far, however, TRON is still on course to the launch of its Mainnet with an ongoing super representative election and ranking that Mr.Sun has been talking about on his twitter handle.
Taking a closer look at the possibilities
However, looking at Jack Ma’s philosophy of building the future of e-commerce and allowing the young generation to take up leading positions, there is an absolute reason to the rampant speculation of a possible partnership between Alibaba and TRON. Granted, Jack Ma has publicly stated his dislike for Bitcoin, however, he also believes that the Blockchain is a promising technology. In fact, Justin Sun has previously mentioned his close ties with the founder of Alibaba group not to mention Sun’s achievements as the best graduate apprentice from Hupan University which Mr.Ma happens to be involved.
How Alibaba will benefit
Although these rumors have been ongoing for weeks it would not only be great for TRON to bag such a huge partnership but it would also serve the Alibaba group well if they managed to work with TRON especially now that the platform is growing with a young team of developers and a series of advancements set for later this month on TRON’s Blockchain network.
With the launch of the Mainnet TRON is set to pave the way for a truly decentralized internet 4.0 that Alibaba’s e-commerce empire can thrive upon. Recent tests by the TRON team on the network ended up being successful.
Tron is focused on making it easy for creators to sell their content online while also facilitating efficiency for consumers looking to buy content. If Alibaba is ever to partner with Tron, it will be able to go head to head with other e-commerce giants such as Amazon that is expanding their reach into the entertainment industry.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Number 10 via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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